Rates remain historically low, and refinancing your current mortgage could reap big savings. If you haven’t looked around for a lower interest rate on your home loan in the last year, there’s no better time than now. Reduce your mortgage payments by refinancing your mortgage. Make your debt easier to carry - and unload sooner - by folding your balances into a single debt consolidation loan at lower interest. If you’ve been relying on your credit cards through the pandemic, the expensive interest may be catching up with you by now. Log into a good tax software product and get your return in immediately.Ĭut the cost of your debt. The IRS will base your eligibility on your most recent tax return, so you’ll want to get your 2020 income information in front of the tax agency ASAP. You might still qualify for a stimulus check if your income dropped in 2020 because of the pandemic. If the new income limits could keep you from receiving the full $1,400 check - or any payment at all - there are a few of things you can do to raise some cash:įile your 2020 taxes ASAP. The first, $1,200 checks last spring were primarily spent on essentials like food and rent, a U.S. The conservatives wanted the stimulus checks targeted toward needy Americans struggling with basic expenses. With the change, close to 17 million fewer Americans will get payments this time, according to an analysis from the Institute on Taxation and Economic Policy. Previously, the cutoff points were incomes of $100,000 for individuals and $200,000 for couples. There would be no money for single taxpayers earning more than $80,000 or joint filers with incomes above $160,000. Individuals earning less than $75,000 and couples making under $150,000 would still receive a full $1,400. ![]() To win over the chamber's more conservative Democrats, Biden agreed to narrow the eligibility for stimulus checks. ![]() The Democrats' Senate majority is as thin as can be, so the party needed every vote from its side to pass the Senate. ![]() The stimulus checks are part of a $1.9 trillion COVID rescue package that Democrats are pushing along using a maneuver that allows passage with only simple majorities - meaning potentially no support from Republicans.
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