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The IRS has issued more than 42.5 million refunds so far this tax season

In addition to sending out $1,400 stimulus payments to most adults, the IRS has issued more than 42.5 million tax refunds averaging nearly $3,000 each.

4 years ago

Visa shares fall after report says DOJ is probing possible anticompetitive debit card practices

Visa shares dropped after a report said the DOJ is probing its debit card business and possible anticompetitive practices.

4 years ago

$10,200 unemployment tax break: IRS plans to automatically process refunds

The IRS plans to automatically process refunds for people who paid taxes on unemployment income before the American Rescue Plan made a portion tax-free.

4 years ago

Latest stimulus bill expands 15% food stamp boost through September. Here’s what you need to know

The most recent stimulus package extends boosted food stamps through September for millions of American families.

4 years ago

New $3,000 child tax credit might not come with monthly payments, IRS says

Moving the tax-filing deadline to May 17 from April 15 may have compromised the ability of the IRS to implement a new child tax credit program.

4 years ago

$1,400 stimulus checks could be garnished. Some lawmakers are pushing to change that

New direct payments could be taken from Americans who have overdue private debts that are subject to a court order. Here's where efforts stand to change that.

4 years ago

Visa says the DOJ plans to probe its debit card practices, shares fall 6%

The DOJ is investigating whether Visa unlawfully curbed merchants' capacity to route debit-card transactions over less-expensive networks.

4 years ago

Brokerage app Webull seeing ‘an uptick in deposits’ as stimulus checks roll out, says CEO

"We have seen an uptick in deposits for sure" as Covid stimulus checks have been sent out, Webull CEO Anthony Denier told CNBC.

4 years ago

Struggling households would put off paying these loans or bills if necessary, survey finds

While the share of people who are in financial hardship due to the pandemic is down from a year ago, 38% still say they are experiencing a loss of income.

4 years ago

Biden has promised not to raise taxes on people earning less than $400,000. What changes he could push for instead

Now that another coronavirus relief package is done, President Joe Biden could push for tax changes this year. Here's what you may expect.

4 years ago

Goldman's junior bankers complain of crushing workload amid SPAC-fueled boom in Wall Street deals

Junior bankers trade a grueling workload for a shot at eventually earning multi-million dollar compensation packages as a managing director.

4 years ago

Billions of Covid relief dollars are going to child care. Here's why advocates say more needs to be done to fix the crisis

The Covid pandemic decimated the child-care industry, which was already in trouble. It will take more than the relief aid to solve the crisis, advocates said.

4 years ago

Satellite startup Capella Space releases new imagery, aiming to tap $60 billion intelligence market

Satellite imagery specialist Capella Space released the first images captured by its two latest spacecraft launched in January on a SpaceX rocket.

4 years ago

Satellite start-up Capella Space aims to tap $60 billion intelligence market with new imagery

Satellite imagery specialist Capella Space released the first images captured by its two latest spacecraft launched in January on a SpaceX rocket.

4 years ago

Here's how Social Security's services have changed during the pandemic

Covid-19 has prompted the Social Security Administration to close offices and change how appointments are handled. That could continue post-pandemic.

4 years ago