All in Tax
Some estimate that as many as 40% of those infected never exhibit symptoms, and these people could be shedding nearly as much contagious virus as those with full-blown symptoms. This high rate of asymptomatic cases combined with the lengthy 14-day incubation period makes it nearly impossible to develop mechanisms to keep the most vulnerable among us safe.
The House and Senate are back in session this week, so negotiations for a second stimulus are already underway. It will likely include a second check, but the amount and who will be eligible are not definite. Support for state and local governments, whose resources have been decimated by the shutdown, will likely be included.
The IRS continues to add new updates to its FAQs on economic impact payments. According to the latest updates, the IRS and the Bureau of Fiscal Services are in the process of canceling the checks that were inadvertently sent to deceased persons. Also, many people who need to file a tax return used the Non-Filers tool to enter their banking information to receive a stimulus payment.
