China Admits Beijing Winter Olympics Could Bring Covid
From CNNs Beijing Bureau
China has acknowledged the 2022 Beijing Winter Olympics could bring Covid-19 cases or small clusters of infections, an official said during a State Council news conference on Thursday.
A large number of overseas personnel will gather, causing a very high risk of transmission, the official said.
Despite the risk, China said it is fully prepared for the possible Covid-19 infections inside the Olympic bubble.
Deputy director of epidemic prevention and control office of the Beijing Winter Olympic Organizing Committee, Huang Chun, said any infected staff and athletes will not be able to compete or work, and will be sent to a designated hospital or isolation facility depending on whether the patient has symptoms or not.
Symptomatic patients would be discharged after their body temperature returns to normal, respiratory symptoms disappear and present two consecutive Covid-19 tests within 24 hours. They will then be able to choose whether to participate in the next stage of the competition or return to work, Huang said.
As for asymptomatic patients, Huang said they will be tested every 24 hours in isolation and will be released if they present negative results twice within 24 hours, including one within six hours ahead of the competition.
Huang said the committee and Chinese people were very concerned about the possible impact of potential Covid-19 cases inside the Olympic bubble on Chinas wider society.
Who Will Not Get A Stimulus Check
- You will not get a check if you can be claimed as a dependent on someone elses tax return.
- You will not get a check if you do not have a valid social security number.
- You will not get a check if you are a “nonresident alien.”
- You will not get a check if you filed a form: 1040-NR, or 1040NR-EZ, 1040-PR, or 1040-SS for 2019.
I Receive Social Security Retirement Disability Survivors Ssi Or Veterans Benefits Do I Automatically Qualify For An Economic Impact Payment
In some cases, if you receive certain benefits, you will automatically receive an Economic Impact Payment. Make sure you read further to know if this applies to you and to know if you need to send the IRS any additional information, and how you will be receiving your payment.
The IRS is working to make it easier for certain beneficiaries to receive the Economic Impact Payment by using information from benefit programs to automatically send payment.
You will qualify for this automatic payment only if:
- You were not required to file taxes in 2018 or 2019 because you had limited income and
- You receive one of the following benefits:
- Social Security retirement, survivors, or disability from the Social Security Administration
- Supplemental Security Income from the Social Security Administration
- Railroad Retirement and Survivors from the U.S. Railroad Retirement Board
- Veterans disability compensation, pension, or survivor benefits from the Department of Veterans Affairs
If you qualify for an automatic payment, you will receive $1200 . You will receive this automatically the same way you receive your benefits, either by direct deposit or by check. You will not need to take any further action to receive this.
No matter how you receive your payment, the IRS will send you a letter in the mail to the most current address they have on file about 15 days after they send your payment to let you know what to do if you have any issues, and contact information for any questions.
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Proposals For A Second Bill
By July, there were proposals for a second stimulus bill, the CARES 2 package was reviewed by the administration and an agreement in principle was reached on the basic points outlined in the package but it was never passed. Nor was the HEROES Act, a $3 trillion economic stimulus bill which was passed by the House by a vote of 208199 on 15 May 15 2020 but never reached a Senate vote.
The 2021 tax filing season begins Feb. 12 IRS outlines steps to help speed refunds during pandemic. See:
Still Living Paycheck To Paycheck
Some top economists have called for more direct aid to Americans. More than 150 economists, including former Obama administration economist Jason Furman, signed a letter last year that argued for “recurring direct stimulus payments, lasting until the economy recovers.”
Although the economy is improving, millions of people continue to suffer from reduced income and have not been able to tap government aid programs, Nasif said. Only 4 in 10 jobless workers actually received unemployment aid, according to a from economist Eliza Forsythe.
Many people never applied for unemployment benefits because they didn’t think they were eligible, while others may have given up due to long waits and other issues.
“You’ll see reports about how the economy is starting to grow, but there are a lot of Americans living paycheck to paycheck, and for a lot of them the government relief programs haven’t been able to help,” said Greg Nasif, political director of Humanity Forward.
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How Much Will The Stimulus Checks Be
The plan that Congress approved and President Trump signed on Sunday night would give most adults a $600 one-time payment, plus $600 per dependent child. The COVID-19 legislation was combined with an end-of-year spending bill and sent to President Trump, who then made a surprise demand for Congress to up that amount to $2,000 stimulus checks.
Democrats plan to call House lawmakers back to Washington for a vote Monday on Trumps $2,000 proposal, though it would probably die in the Republican-controlled Senate. Republican lawmakers already blocked one effort for $2,000 checks during a Christmas Eve session of the House.
How To Claim A Stimulus Check On Taxes
If your 2020 tax return shows you made too much to qualify for this third stimulus check, you may not get a payment now even if you lost your job or income in 2021. However, because these IRS payments are technically an advance on a 2021 tax credit, if your adjusted gross income in 2021 ends up being under the limit or you have another tax dependent, you might be able to claim the tax credit when you file your 2021 tax return .
If you were eligible for the first two stimulus checks but never received them or didn’t receive the full amount, you have another chance to file for a stimulus check by claiming the Recovery Rebate Credit on line 30 of form 1040 on your 2020 tax return . Page 58 of the instructions for form 1040 has a worksheet to help you calculate how much to claim.
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What Does Payment Status Unavailable Mean
- The IRS has not processed your 2019 tax return
- The application doesnt have your bank data and the IRS is working to add it
- You dont usually file a tax return
- You used the Non-Filers section of the website and your entry hasnt been processed yet
- You receive SSI or VA benefits and dont file a tax return
- Youre not eligible for a payment
The information on the Get My Payment portal is updated once per day, overnight so there is no need to check more often than that.
What To Do If A Deceased Family Member Received A Stimulus Check
If a deceased family member has received a stimulus check in their name, the IRS has issued guidance stating that the money should be returned immediately. More specifically, anyone who died before payment was received does not qualify for a check. The only exception to this is if a payment was made to joint filers and one of the spouses is still alive. If this describes your situation, you only need to return the decedents half of the money.
According to the IRS, if you need to return payment for a deceased loved one, here are the steps to follow:
- Direct deposit payments, and paper check payments that have not been cashed
- Step 1: Mail a personal check or money order for the correct amount to your states IRS refund inquiry unit.
- Step 2: Make the check or money order payable to U.S. Treasury and write 2020EIP and the decedents Social Security number or individual taxpayer identification number.
- Step 3: In the envelope, include a note that explains why the check is being returned.
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How Much Will I Get From The Government For My Stimulus Check
The stimulus plan outlines the following amounts based on your adjusted gross income and filing status:
*Each qualifying dependent under age 17 at the end of the tax year will be worth an additional $500. This amount will be added to the check of their legal guardian.
If your income exceeds the thresholds in the chart above, the amount will be reduced on a sliding scale and phase out at $99,000 for single filers, $198,000 for joint filers, and $136,500 for head of household filers.
The IRS and Department of Treasury have not yet announced how much taxpayers filing will receive.
Heres Why You Might Actually Get Two Stimulus Checks In February
With the end of 2021 just days away now, were already able to make some definitive pronouncements about what lies ahead for people in the New Year. Especially when it comes to the prospect of a new stimulus check for the tens of millions of Americans who got acclimated to receiving those payments on a monthly basis since July.
As everyone likely knows by now, West Virginia Democratic Senator Joe Manchins refusal to support President Bidens nearly $2 trillion Build Back Better law has killed the chance that these monthly payments would continue in January. Thats because the IRS had said it needed Congress to pass this law in a matter of days. Something that wont happen now that the Senate has adjourned until the new year. So, no new child tax credit payments are coming on January 15.
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Base Amount Is Cut In Half
The first thing people will notice about their second stimulus check is that the base amount is half as much as the first-round payments. Under the CARES Act, each eligible person received up to $1,200. However, under the COVID-Related Tax Relief Act, the base amount only goes up to $600.
Many people are going to be disappointed by the lower amountand lawmakers know it. That’s why some members of Congress are already talking about another round of stimulus checks after President-Elect Joe Biden is in office. Biden himself has also stated he will seek more payments in 2021. So, it’s possible that there will be a third round of stimulus checks before too long to make up the difference.
Main Street Lending Program
On March 23, 2020, the Fed announced the Main Street Lending Program, which set up an SPV to purchase up to $600 billion in small- and medium-sized business loans. Under the plan, the Fed purchased a 95% stake of each loan, with the bank keeping 5%. To qualify, businesses needed to have either 10,000 or fewer employees or up to $2.5 billion in 2019 revenue.
On July 17, 2020, the Fed extended the program to nonprofit organizations that didnt have endowments larger than $3 billion, had either fewer than 15,000 employees or less than $5 billion in 2019 revenue, and met a number of other additional requirements. The program purchased stakes in both new loans and loan extensions.
Under the CARES Act, the Treasury Department planned to make a $75 billion equity investment in the SPV. The terms of the loans were five years, with interest deferred for one year and principal payments deferred for two years.
On Oct. 30, 2020, the Fed reduced the minimum size of the loans that the program would purchase. It continued to purchase stakes in loans until Jan. 8, 2021, and it will continue to be funded until its assets mature or are sold.
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The Second Round Of Stimulus Checks
The second round of stimulus payments were authorized on December 27, 2020 as part of the Consolidated Appropriations Act, 2021. Those payments typically totaled $600 per person, or $1,200 for married individuals, plus $600 for each qualifying child. The payments began phasing out at the same income levels as the current payments, but the maximum income levels to receive a payment were slightly higher. Taxpayers were ineligible for any payment, unless they had a qualifying child, above the following income levels:
- $87,000 for single taxpayers
- $124,500 for taxpayers filing as head of household
- $174,000 for married couples filing jointly
As of March 5, 2021, about $135 billion of the second round of payments have been sent out overall, such payments are expected to cost a total of $164 billion according to the Congressional Budget Office.
Discuss The Economic Impact Payment With The Beneficiary
A representative payee is only responsible for managing Social Security or SSI benefits. The Economic Impact Payment is not an SSA benefit and belongs to the beneficiary. Discuss the payment with the beneficiary, and if they request access to the funds, youre obligated to provide it.
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How To Report A Missing Stimulus Check To The Irs
You may still have questions, especially if you havent received a check, or you get the dreaded payment status unavailable notice. To report missing checks or ask other questions, call the IRS at 800-919-9835.
The IRS added 3,500 telephone representatives in May, but dont be surprised if you dont get through immediately. A lot of people have questions. You can go online to find answers to frequently asked questions about Economic Impact Payments and the Get My Payment tool.
One question a lot of people have is whether the stimulus money will affect their 2020 taxes. It wont. It is not considered taxable income, so it wont increase what you owe or reduce your refund when you file next year.
Another question the IRS cant answer: Is a second stimulus check on the way? Possibly. Senate Republicans rejected the plan passed by House Democrats but have said they are drawing up a plan of their own, perhaps to be finished in late July. Stay tuned.
Relief To Mail Delivery
- The U.S. Postal Service will receive a $10 billion line of credit. On April 24, Trump attempted to use this loan as leverage for a new demand, as he threatened to block the emergency funding if the post office did not quadruple its prices for online retailers. As of early May, the details of the loan were still being negotiated.
- $400 million will be allocated to help states prepare for an expected increase in mailed ballots in .
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This Chinese City Found A Covid Cluster All 13 Million Residents Are Now Under Lockdown
From CNNs Jessie Yeung in Hong Kong
On Tuesday, the central Chinese city of Xian recorded 52 new Covid-19 cases. By Wednesday, authorities had imposed strict lockdown measures on its estimated 13 million residents.
The sweeping restrictions, which prevent people from leaving their homes, come as the country braces for the Lunar New Year travel rush, followed swiftly by the 2022 Winter Olympics, due to begin in the capital Beijing on February 4.
Xian, an ancient city known internationally as the home of the 2,000-year-old Terracotta warriors sculptures, detected its first case connected to the latest outbreak at a quarantine hotel on December 9. The virus is believed to have then spread into the community via an infected hotel worker.
Officials believe the cluster is linked to an inbound flight from Pakistan on December 4, where at least six passengers were found to have the Delta variant. So far, there have been no reported cases of the Omicron variant in Xian.
Lockdown rules: By noon on Wednesday, more than 30,000 people who were believed to have come into contact with a confirmed case were placed in quarantine, according to state-run newspaper China Daily. That same day, the city imposed a strict lockdown until further notice for all residents.
I Received A Message From The Irs Asking For My Personal Information Is This A Scam
Yes, this is a scam. With the rollout of Economic Impact Payments, theres an increased risk of scams. Its important to stay vigilant and aware of unsolicited communications asking for your personal or private information through mail, email, phone call, text, social media or websites that:
- Ask you to verify your SSN, bank account, or credit card information
- Suggest that you can get a faster payment if they fill out information on your behalf or if you sign over your check to them
- Send you a bogus check, perhaps in an odd amount, and then ask you to call a number or verify information online in order to cash that check
Be aware that scammers are also able to replicate a government agencys name and phone number on caller ID. Its important to remember that the Internal Revenue Service will never ask you for your personal information or threaten your benefits by phone call, email, text or social media.
If you receive an unsolicited email, text or social media attempt that appears to be from the IRS or an organization associated with the IRS, like the Department of the Treasury Electronic Federal Tax Payment System, notify the IRS at . You can also learn more about coronavirus-related scams.
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