23: COVID-19 and using advanced refundable tax credits as economic stimulus
Listen now
Description
COVID-19 and Stimulus Payments to Individuals: Considerations on Using Advanced Refundable Credits as Economic Stimulus   What is a refundable tax credit? (3:01) What does “advancing” a tax credit mean? (4:37) How long would it take for the IRS to begin issuing advanced credits? (6:54) How many individuals could receive an advanced refundable tax credit? (8:11)   Resources: Romney Calls for Urgent Action on Additional Coronavirus Response Measures https://www.romney.senate.gov/romney-calls-urgent-action-additional-coronavirus-response-measures   Premium Tax Credit: Claiming the Credit and Reconciling Advance Credit Payments https://www.irs.gov/affordable-care-act/individuals-and-families/premium-tax-credit-claiming-the-credit-and-reconciling-advance-credit-payments   What is the difference between refundable and nonrefundable credits? https://www.taxpolicycenter.org/briefing-book/what-difference-between-refundable-and-nonrefundable-credits
More Episodes
This is a reading of the first volume from the five-volume Report of the Select Committee on Intelligence United States Senate on Russian Active Measures Campaigns and Interference in the 2016 U.S. Election. This document focuses specifically on Russian efforts to attack our election...
Published 03/15/21
On January 25, 2021, the House of Representatives delivered a single Article of Impeachment against President Trump to the United States Senate. On January 12, 2021, the majority staff of the House Judiciary Committee released the first public staff report detailing the events of January 6, 2021,...
Published 01/26/21
The final subsection of Volume 2 is merely one paragraph on page 182 from the report and restates what was in the Introduction and Executive Summary, "While this report does not conclude that the President committed a crime, it also does not exonerate him." The podcast closes out with thanks to...
Published 12/09/20