Why some military members had stimulus checks snatched, reduced

USAA, a financial company that caters to military members and veterans, has suspended a policy that had resulted in members having their stimulus checks used to offset existing debts.

As $2 trillion in virus aid starts to flow, oversight lags

There are only two people presently overseeing how coronavirus funds from the $2 trillion package are spent..

IMF: Global economy will suffer worst year since Great Depression

The IMF said Tuesday that it expects the global economy to shrink 3% this year — far worse than its 0.1% dip in the Great Recession year of 2009.

Premiums to be refunded to those impacted by COVID-19

The state of California issued an order late Monday to demand insurers refund premiums to drivers and businesses impacted by COVID-19. 

Millions of taxpaying immigrants won't get stimulus checks

Roughly 4.3 million mostly unauthorized immigrants who do not have a Social Security number file taxes using what’s known as a taxpayer identification number.

U.S. launches web portal to help Social Security recipients with kids get stimulus checks

The Treasury Department has created an online web tool to help make sure those receiving Social Security benefits, who didn't file a tax return recently, can get stimulus checks.

Dow pops over 1,600 points on coronavirus slowdown, new stimulus hopes

The number of new cases over the weekend in New York City, the U.S.’s epicenter for the virus, rose by 30.4 percent versus last week, down from a 46.1 percent jump the week prior.

US unemployment claims shatter record as coronavirus hammers economy

The number of Americans filing for unemployment surged to 3.28 million last week, shattering a decades-old record in jobless claims as the coronavirus pandemic forced businesses around the country to shutter their doors.

Stocks fall as coronavirus bill fails second vote

U.S. equity markets slid Monday after the Federal Reserve announced "extensive new measures" to support the U.S. economy.

Income tax filing deadline moved to July 15 from April 15

The United States is moving its tax deadline from April 15 to July 15, according to a tweet by Treasury Secretary Steven Mnuchin.

A different tax season as tax preparers change the way they do things due to coronavirus pandemic

With the coronavirus pandemic coming during tax season in the U.S., and social distancing becoming the new normal for Americans, many tax preparers are changing the way they do things.