We answer your most pressing personal finance questions on the economic fallout of covid-19.
The coronavirus pandemic has turned people’s financial lives upside down. Millions are unemployed or have seen their income significantly reduced. Account balances in IRAs and 401(k)s and similar workplace retirement accounts have fallen.
The Washington Post personal finance columnist Michelle Singletary as well as other Washington Post reporters and financial experts are here to answer your money-related pandemic questions.
Please click on the links below to get answers on specific topics. This list will be regularly updated.
The $2 trillion Coronavirus Aid, Relief, and Economic Security or Cares Act, or Cares Act, included up to $1,200 in stimulus payments for individuals and up to $2,400 for couples, plus $500 for each dependent child. Millions of Americans were supposed to have their payments deposited directly in their bank accounts starting on April 15. Tens of millions more will get their payments in the coming weeks.
Stimulus checks: How much, when and everything else you want to know
- How much money will I get?
- What if I’m not required to file a tax return, how will I get my payment?
- What do I have to do to collect a stimulus payment?
- I receive Social Security and don’t file a tax return. How will I get my money?
- Do college-age children get a stimulus payment…?
To read the entire article from The Washington Post, click https://www.washingtonpost.com/business/2020/04/17/your-money-pandemic/?arc404=true
