STIMULUS CHECKS FOR YEARS! 4th Stimulus Check Update SSI Unemployment PUA $300 Weekly Stimulus

We talked earlier this week about the IRS online portals to help families collect the upcoming monthly $300 per child tax credits, but a new service will allow Americans to opt-out of these disaster relief funds.

According to the IRS: “The latest tool allows families to check their eligibility, view the upcoming payments and unenroll from getting advanced payments.”

Why would someone want to say “no thank you” to $3,000 stimulus checks?

According to Ben Wacek, a Minnesota-based CFP, and founder of Guide Financial Planning: “If you don’t usually receive a refund, then the advance payments could actually cause you to owe more when you file your 2021 taxes.”

Matthew Saneholtz, a CFP with Tobias Financial Advisors stated: “If you switched to a higher-paying job, or your spouse went back to work after being unemployed for most or all of 2020, you could be in a higher tax bracket next year, which could change your tax math.

With these vital stimulus checks going out the door beginning on July 15th, it’s wise to visit the IRS website and either get your information in to ensure you get these…