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Stimulus Check Update and Stimulus Package Update August 26, 2020

Stimulus Check Update

Stimulus Check Update and Stimulus Package Update August 26, 2020

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Quick Overview

  • The IRS will be sending out stimulus checks to 50,000 people that had their first stimulus check improperly withheld for past-due child support.
  • The IRS is now hiring 5,000 employees to work on stimulus check related problems.
  • There are currently 30-40 million Americans at risk of being evicted. We’ll look at President Trump’s executive order intended to protect renters.
  • We’ll look at the highlights from the Republican National Convention.
  • Covid-19 cases are remaining steady at 38,000 cases.

IRS Stimulus Check Updates

Unfortunately, there are millions of Americans that have still not received their first stimulus check or did not receive the full amount of their first stimulus check. The IRS will be hiring 5,000 employees to work on just stimulus check related issues.

These new IRS employees will work on ensuring that people receive the full amount of their stimulus check money now, instead of making people wait until they file their next year’s tax return in order to recoup their stimulus check money. These new employees will also be in charge of speeding up the process of sending out the stimulus checks. And here is an example of a stimulus check problem that is currently being worked on.

If your spouse had past-due child support, the IRS improperly took your stimulus check money to pay that off.

Whether you filed Form 8379 or not, no action is necessary and the IRS will issue you your stimulus check money by check in September.

Eviction Crisis and Trump's Executive Order

There was a research report written by 10 authors.

The United States of America has a population of approximately 330 million people. About 100 million people in the United States are renters. This report states that 29-43% of renter households face eviction. That means that 30 to 40 million Americans face eviction in the near future.

The report shows that 36% of renters missed July’s rent. Only 55% of landlords received full payment for July. Thirty percent of renters say they have borrowed money or are using credit cards to pay for rent. Families are now shifting more of their budget from food to rent.

Thirty million Americans are now reporting that they do not have enough food for their families and food pantry requests are steadily increasing.

The eviction protection from the last stimulus package expired on July 24th and landlords needed to issue a 30 day notice. August 24th was the first day that landlords were allowed to start evicting tenants.

In President Trump’s executive order to help renters, it ordered the Health and Human Services and CDC to

“consider whether any measures temporarily halting residential evictions of tenants for failure to pay rent are reasonably necessary to prevent the further spread of Covid-19”.

In Layman’s Terms, it ordered the Health and Human Services and CDC to “look into the matter” and that’s it. The Health and Human Services does not have the authority to enforce a stoppage of evictions.

Diane Yentel, President of the National Low Income Housing Coalition said

“the executive order does almost nothing. It is an empty shell.”

Colleen Foley, executive director of Legal Aid Society, said that President Trump’s executive order

“had nothing definitive that the court could act on.”

Collin Dunn, Director at the National Multifamily Housing Council said

“we need Congress and the Administration to come back to the negotiating table and come to some real solutions”.

Only Congress can protect renters from eviction, not an executive order. They did protect renters in the last stimulus package, it expired, and people are getting evicted again.

Republican National Convention News

Yesterday was Day Two of the Republican National Convention. Melania Trump’s speech was the highlight of the night.

We know that the politicians can become vicious and go on the offensive in their speeches while campaigning. However, the First Lady gave a speech with deep sympathy and empathy which gave a more compassionate reflection of the Republican Party.

Two days into the Republican National Convention and CNBC research polls are showing that President Trump’s approval rating is ticking higher in six swing states. Polls show that Joe Biden is in the lead but that President Trump is rapidly closing in on the lead.

Thank you to the 70,000 people who voted on our Poll on whether you plan on voting for Trump or Biden or are undecided.

Covid-19 News

  • Covid-19 cases are remaining steady and we are reporting 38,148 new cases and 1,232 fatalities on Tuesday, according to the John Hopkins University.
  • The United States total case count now stands at 5.7 million and total fatalities are just above 178,000.

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