23: COVID-19 and using advanced refundable tax credits as economic stimulus
Government Unfiltered
English - March 19, 2020 09:00 - 11 minutes - 7.72 MB - ★★★★★ - 23 ratingsPolitics News Government congress information insider oversight politics report Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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
What is the difference between refundable and nonrefundable credits?