Rossen Reports: Here바카라 게임 웹사이트s how your family can get $12,800 in relief money
Time and money are running out. Federal unemployment benefits are expiring in less than a month.
Here's an expert's take on a timeline to get more potential money in your pocket.
Pete Dunn is the host of the "Pete the Planner Show" and the CEO of "Your Money Line" and "Hey, Money."
Rossen: What's the timeline here? If Congress is back in office next week, could we see something passed then?
Dunn: I think that바카라 게임 웹사이트s what바카라 게임 웹사이트s going to happen because I don바카라 게임 웹사이트t think this is as much about the stimulus checks as it is about the unemployment benefits. It those things expire, if there is a gap in benefits, then you바카라 게임 웹사이트re going to see a lot of progress undone very, very quickly. So I think there바카라 게임 웹사이트s an urgency based on unemployment. Although, the media, you and I, tend to talk a lot about stimulus checks because it바카라 게임 웹사이트s the most tangible thing for people. But for those unemployed, it바카라 게임 웹사이트s those unemployment benefits.
Rossen: And they바카라 게임 웹사이트re back next week, you were saying. We think something could happen pretty quickly after that. Then after that would we start 바카라 게임 웹사이트 if they okay unemployment benefits then that바카라 게임 웹사이트s immediate, but what about those checks?
Dunn: The checks are always about 10 days after the president signs the bill. Well, I say always, but this is a new thing, right? This is what we바카라 게임 웹사이트ve figured out in the last 12 months. It바카라 게임 웹사이트s about 10 days for the direct deposits to start and about 17 days for paper checks to flow to those who don바카라 게임 웹사이트t have direct deposits on the system.
Rossen: We've been talking about the Child Tax Credit. It would give parents monthly checks for each kid for up to a year. This is on top of a stimulus check that will cover dependents. Two separate things. Doing a little math here: A family of four 바카라 게임 웹사이트 with two kids 바카라 게임 웹사이트 both under the age of 6 바카라 게임 웹사이트 that could mean $5,600 in stimulus stimulus checks between the parents and the kids, plus the tax credit on top of that. We바카라 게임 웹사이트re talking about $12,800 total. Can these families double-dip and get all that money 바카라 게임 웹사이트 or is it one or the other?
Dunn: Your math is impeccable today Jeff! And yeah, they can double-dip but here바카라 게임 웹사이트s the thing: They바카라 게임 웹사이트ve always gotten the tax credit. The issue here is 바카라 게임 웹사이트 it바카라 게임 웹사이트s actually paid out. Usually we settle up the tax credit at the end of the year to determine your refund and your taxable obligation. Now they바카라 게임 웹사이트re sending it out. I actually love this. Because this is one of the truest forms of stimulus. To get it in the people바카라 게임 웹사이트s hands, so they can stimulate the economy. You started this segment by calling the rest of this bill a "Rescue Bill." Yeah, a big portion of this bill is still a rescue bill because people are in big trouble. This is stimulus plan and I love it because it will stimulate the economy.
Rossen: So you바카라 게임 웹사이트re going to get those stimulus checks and you바카라 게임 웹사이트re going to get money 바카라 게임 웹사이트¦ mailbox money as I like to call it 바카라 게임 웹사이트¦ money in the mail 바카라 게임 웹사이트¦ for the tax credit as well. You바카라 게임 웹사이트re getting it all together. And it really could stimulate?
Dunn: Yeah, it simplifies the system actually. People might freak out that the government is sending everyone $12,000. It바카라 게임 웹사이트s sort of splitting hairs. You바카라 게임 웹사이트re already getting credit for that money on your taxes; they바카라 게임 웹사이트re just actually giving it to you now.