Money and finance news live updates: IRS letter 6475, claim $1,400, Child Tax Credit, tax returns…

Headlines

– Substantial economic growth in 2021 means there will be no fourth stimulus check in the near future

– Gross Domestic Product (GDP) increased by 5.7% in 2021, the fastest annual growth since the Reagan administration

– Bipartisan talks continue in Congress over the fate of the Child Tax Credit expansion 

– US unemployment falls to the lowest rate since the start of the pandemic at 3.9%

– President Biden on positive economic news: “We are finally building an American economy for the 21st Century

– It’s not too late to claim the full value of the expanded Child Tax Credit

– How long do you have to file your taxes in tax season 2022?

– Payment schedule for Social Security checks across 2022 released

– IRS boss Chuck Rettig warns of tax refund delays: “Avoiding a paper tax return is more important than ever this year”

 You can now use SNAP food stamp benefits in US restaurants 

Useful information & links:

Child Tax Credit

Congress let the Child Tax Credit expansion expire in December, withdrawing payments for millions of families

Social Security

– How to calculate the full entitlement in Social Security benefits

– SSA announces payment structure for retirees?

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