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NYC is giving $5,000 checks to artists and support to taxi drivers and homeless
.The city last week outlined how it will use the aid from the American Rescue Plan Act. Some 1,800 local artists across varied disciplines who have suffered financially during the pandemic will receive $5,000 checks. The so-called New York City Artist Corps grants will be fully distributed by October, according to the recovery plan report.
Stimulus Check Updates: Why does the IRS want stimulus payments back?
Who has to pay back stimulus check money to the IRS?
Essentially, some people claimed for the stimulus check of 1,400 stimulus check on their tax returns, after not receiving it automatically. But, many people have done so when they didn't have the right to this. That's because the stimulus checks were for individuals with income under 75,000 dollars or married couples with income under 150,000 dollars.
This is the main reason for the corrections being made by the IRS, with those whose tax returns have been adjusted now owing extra money to the public purse.
Key Moments In This Episode
00:15 UNEXPECTED STIMULUS MONEY!
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