Susan Tompor: IRS sends extra stimulus cash sent to some who lost jobs in 2020

Did you just get surprised by a little extra stimulus cash in your bank account? Maybe. The Internal Revenue Service said late Thursday that its third batch of payments includes what it calls the first of many “plus-up” stimulus payments. The “plus-up” payments will continue on a weekly basis going forward, the IRS said, as the IRS continues processing tax returns from 2020 and 2019. Yes, some 2019 returns need to be processed, too. Under some circumstances, a person could be eligible for a new or bigger Economic Impact Payment based on their recently processed tax returns. Perhaps a couple’s …

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HEDGE accordingly