Rossen Reports: Here맥스카지노s how your family can get $12,800 in relief money
Time and money are running out. Federal unemployment benefits are expiring in less than a month.
Here's an expert's take on a timeline to get more potential money in your pocket.
Pete Dunn is the host of the "Pete the Planner Show" and the CEO of "Your Money Line" and "Hey, Money."
Rossen: What's the timeline here? If Congress is back in office next week, could we see something passed then?
Dunn: I think that맥스카지노s what맥스카지노s going to happen because I don맥스카지노t think this is as much about the stimulus checks as it is about the unemployment benefits. It those things expire, if there is a gap in benefits, then you맥스카지노re going to see a lot of progress undone very, very quickly. So I think there맥스카지노s an urgency based on unemployment. Although, the media, you and I, tend to talk a lot about stimulus checks because it맥스카지노s the most tangible thing for people. But for those unemployed, it맥스카지노s those unemployment benefits.
Rossen: And they맥스카지노re back next week, you were saying. We think something could happen pretty quickly after that. Then after that would we start 맥스카지노 if they okay unemployment benefits then that맥스카지노s immediate, but what about those checks?
Dunn: The checks are always about 10 days after the president signs the bill. Well, I say always, but this is a new thing, right? This is what we맥스카지노ve figured out in the last 12 months. It맥스카지노s about 10 days for the direct deposits to start and about 17 days for paper checks to flow to those who don맥스카지노t have direct deposits on the system.
Rossen: We've been talking about the Child Tax Credit. It would give parents monthly checks for each kid for up to a year. This is on top of a stimulus check that will cover dependents. Two separate things. Doing a little math here: A family of four 맥스카지노 with two kids 맥스카지노 both under the age of 6 맥스카지노 that could mean $5,600 in stimulus stimulus checks between the parents and the kids, plus the tax credit on top of that. We맥스카지노re talking about $12,800 total. Can these families double-dip and get all that money 맥스카지노 or is it one or the other?
Dunn: Your math is impeccable today Jeff! And yeah, they can double-dip but here맥스카지노s the thing: They맥스카지노ve always gotten the tax credit. The issue here is 맥스카지노 it맥스카지노s actually paid out. Usually we settle up the tax credit at the end of the year to determine your refund and your taxable obligation. Now they맥스카지노re sending it out. I actually love this. Because this is one of the truest forms of stimulus. To get it in the people맥스카지노s hands, so they can stimulate the economy. You started this segment by calling the rest of this bill a "Rescue Bill." Yeah, a big portion of this bill is still a rescue bill because people are in big trouble. This is stimulus plan and I love it because it will stimulate the economy.
Rossen: So you맥스카지노re going to get those stimulus checks and you맥스카지노re going to get money 맥스카지노¦ mailbox money as I like to call it 맥스카지노¦ money in the mail 맥스카지노¦ for the tax credit as well. You맥스카지노re getting it all together. And it really could stimulate?
Dunn: Yeah, it simplifies the system actually. People might freak out that the government is sending everyone $12,000. It맥스카지노s sort of splitting hairs. You맥스카지노re already getting credit for that money on your taxes; they맥스카지노re just actually giving it to you now.