The IRS has officially started rolling out coronavirus stimulus checks to millions of Americans.
Between 50 and 70 million people are due to receive the stimulus checks, which are part of the government's $2.2 trillion economic recovery package and intended to stimulate the stalled economy during the coronavirus pandemic and subsequent shut downs of most aspects of civil life. Residents who've filed taxes in the past two years and submitted their direct deposit information began receiving the deposits on Friday of last week and are expected to receive them by Wednesday, April 15. Anyone who qualifies but has not submitted their direct deposit banking information is expected to receive a paper check at a later date. However, anyone who has not filed or made their banking information available may input their information in the IRS' new portal here.
Qualifying citizens are those who have reported an adjusted gross income of $75,000 or less. Filers of joint tax returns will receive a one-time payment of $2,400 and those will dependents will receive an additional $500 for each qualifying child. All others will receive the standard one-time payment of $1,200.
Meanwhile, Canada is providing its citizens who have lost their jobs due to the pandemic with up to four months of $2,000 CAD monthly payments. Australian citizens who have been furloughed from their jobs receive $1,500 AUD every two weeks. Newsweek reports that "Britain's government is issuing grants covering 80 percent of unemployed workers' salaries up to a total of £2,500 ($3,084) a month. The package also reportedly contains statutory sick pay for employees that have been told to self-isolate...Denmark has pledged to pay from 75 to 90 percent of employees' salaries up to a monthly amount of 26,000 Danish kroner ($3,288 USD)...France will pay 70 percent of an employee's gross salary to a monthly maximum of €6,927 ($7,575 USD)...Germany will pay 67 percent of net wages up to a maximum of €6,700 per month ($7,326.78 USD)....Ireland will give 70 percent of employee salaries up to a maximum of €410 per week ($448.36 USD)."
But sit tight and keep refreshing your bank account for that life-changing, crisis-averting one-time payment of $1,200...unless you're a U.S. college student who's still claimed as a dependent or a retiree who receives Social Security. Forget you guys.
- Stimulus Checks: Who Is Eligible and How Much Will They Be? ›
- Stimulus check: How much money will you get, and when? - CBS ... ›
- Your 2020 Stimulus Check: How Much? When? And Other ... ›
- How much will my stimulus check be? Use this calculator ... ›
- Coronavirus stimulus checks: Calculate how much you'll get, $1,200 ... ›
- Coronavirus Stimulus Package F.A.Q.: Checks, Unemployment ... ›
Airbnb offers an affordable option for people looking to be more comfortable as they travel.
However, there are downsides to staying in a host's home rather than a hotel. Whereas hotels are designed for constant streams of visitors and often have furniture built to last, at an Airbnb, you may be staying on old or cheap furniture that a host is using in order to maximize their profits.
And while most reputable hotels will have regular room inspections from staff to check for any wear and tear, Airbnb damage disputes are oftentimes he said, she said situations. If you are in an Airbnb and something breaks, there are a few steps you should take in order to ensure that you are not on the hook for damages out of your control.
If you're keeping tabs on the art and tech worlds, you've probably been hearing whispers about "NFTs" for the past month. Just over the past week they've entered the mainstream lexicon.
Twitter founder Jack Dorsey made the news for selling his first ever tweet. The app has been teasing paid subscription models and newsletter-like features, but tweets for sale is "the next frontier."
just setting up my twttr— jack (@jack)1142974214.0
The 2006 tweet went up for auction as an NFT, and the current bid is $2.5 Million. But what does it mean to own that? Why would anyone want to? And what even is an NFT?
Long gone are the days when the majority of Americans dreamed about owning a home with a white picket fence.
The traditional American Dream may be on its deathbed, but that doesn't mean a core component of the vision can't survive. It simply takes a diverse perspective. People can still believe they can attain their own vision of success in society with hard work, knowledge, and risk-taking. Investing in today's American Dream may literally mean investing money in our modern economy, starting with our infrastructure.
Real estate investing in particular is a lucrative method that can boost income and secure a better financial future for many. There's always risk involved, but the payoffs can far outweigh the uncertainty. Selecting solid financial investments is about confidence and competence. If you're looking for some advice on this kind of investment, here are a few savvy tips for new real estate investors.
Stick To a Specific Strategy or Niche
Real estate is a challenging sphere of the business world, one that requires several key skills: groundwork knowledge, networking, perseverance, and organization. True knowledge of the real estate market will come with time and experience, but it's a smart idea to select one area of the market and stick to it. This is the best way to attain in-depth familiarity with your specific niche.
First, choose a geographical area close by and then a niche strategy within it, such as house flips, rental rehabs, or residential or commercial properties. By doing so, you can become aware of current inner working conditions in the market and you'll have a better idea of how these trends may change in the future.
Be Vigilant About Viable Financing Options
While it takes money to make money, you don't have to use all your own money. A common misconception about real estate investing is that you must be wealthy to start off. This isn't straight fact, however. A majority of people can test the waters of real estate investing without a lot of initial cash in their pocket.
Aside from traditional financing options from banks and institutions, private lending options can be worthy solutions. Hard money lenders are popular, reasonable choices, and they tend to have fewer qualification requirements upfront. However, be sure to strategically choose a hard money lender to find the best possible fit.
Master the Art of Finding Good Deals
There may be hundreds of thousands of available properties for sale on the current market, but the bulk of them will never amount to the final money-making result you desire. Another great tip for new real estate investors is to use good math to estimate profit. Taking risks is part of the process, but you have the ability to analyze properties and use networking sources to find the greatest deal. You can't win every deal, but you can steadily work towards a thriving financial future.