Tag: America Rescue Plan

IRS Warning Americans to Report $600 Transactions From Payment Processors or Risk Facing Audit

December 3, 2022
$600 tax reporting thresholdAmerica Rescue PlanBusiness & Marketseconomic policieseconomyForm 1099-KIRS - U.S. Internal Revenue Servicepersonal financePolicies & ImpactsPoliticsSocial IssuesUS
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The Internal Revenue Service reminds taxpayers to report transactions of at least $600 made through payment networks like Venmo, Paypal, and Cash App as the agency seeks to obtain data regarding part-time employment and side gigs, a move that critics have termed government overreach. In a recent explainer posted online, the IRS said that according…

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Tax Refunds For Millions of Americans May Be Smaller This Year, Says IRS

November 25, 2022
America Rescue PlanBusiness & MarketseconomyIRS - U.S. Internal Revenue Servicepersonal financetax filingtax refundsUSUS News
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Americans will be unpleasantly surprised to find their tax refunds smaller than expected for 2022, with the IRS announcing reduced refunds for the coming year as well, in a blow to many who rely on the refunds as a supplement to their savings. “Refunds may be smaller in 2023. Taxpayers will not receive an additional…

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Harrisburg Makes ‘Racial Equity’ Plan to Rebuild Pools for $13 Million in American Rescue Plan Funds

October 14, 2021
America Rescue PlanPoliticspoolracial equityRegional-Local NewsslideUS
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Harrisburg, Pennsylvania Mayor Eric Papenfuse announced Thursday a plan to completely rebuild the city’s two aquatic facilities, using $13 million in American Rescue Plan Funding. But first, the plan requires approval from the city council. “Our pools were built in the aftermath of the racial unrest in Harrisburg in 1968,” Papenfuse said during the press conference…

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Harrisburg Proposes ‘Racial Equity’ Plan to Rebuild Pools With $13 Million in American Rescue Plan Funds

October 14, 2021
America Rescue PlanPoliticspoolracial equityRegional-Local NewsslideUS
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Harrisburg, Pennsylvania, Mayor Eric Papenfuse announced a plan on Oct. 14 to completely rebuild the city’s two aging public swimming pools, with $13 million in American Rescue Plan funds. “Our pools were built in the aftermath of the racial unrest in Harrisburg in 1968,” Papenfuse said during a press conference at the Hall Manor Pool. “It was…

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Irvine Delays Decision on Pandemic Relief Fund Spending

April 28, 2021
America Rescue PlanbudgetfundingirvineIrvine City CouncilOrange CountymericaRegional-Local NewsSouthern CaliforniaUS
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After initially considering spending 80 percent of its federal COVID-19 relief funds on improvements to a local park, the City of Irvine has decided to hold off on its spending decisions. The city is delaying its allocation of funds until it receives more guidelines from the federal government on how money can be used. Irvine is set to receive $53 million from…

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