Stimulus Update April 26: IRS Screws Up Its Own Stimulus Data, Biden Loves Stimulus, and More

Tax Relief with Logan Allec, CPA

Tax Relief with Logan Allec, CPA
Stimulus Update April 26: IRS Screws Up Its Own Stimulus Data, Biden Loves Stimulus, and More
Apr 26, 2020
Logan Allec

In this stimulus update for April 26 I go over how the IRS screwed up its own stimulus data, what the House Ways and Means Committee chairman said about a proposed stimulus bill, what Joe Biden said about stimulus, and how companies like Ruth's Chris were approved for Paycheck Protection Program funding.

I also answer viewers' questions in the latter half of this update.

IRS Stimulus Data: https://www.irs.gov/newsroom/treasury-irs-deliver-88-million-economic-impact-payments-in-first-three-weeks-release-state-by-state-economic-impact-payment-figures

Joe Biden Politico Interview: https://www.politico.com/news/2020/04/25/joe-biden-green-stimulus-207848

The stimulus I am referring to is the CARES Act that was signed into law on March 27, 2020.

The information I am sharing is current as of the morning of April 26, 2020.

However, the government is changing its mind on the stimulus on an almost daily basis, so any information stated in this update may change tomorrow.