SSI, SSDI and stimulus checks: Important details to know about the first and second payments

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If a new bill passes and you’re part of the SSI or the SSDI programs, you’ll likely be eligible for a second stimulus check.


Angela Lang/CNET

Now that the elections are over, members of Congress say they’re ready to get serious about negotiations to reach an agreement on the substance of a new economic relief package. While not everyone will qualify to get a second stimulus payment, there’s a good chance that people who receive Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) will be eligible to receive another check.

Details including when the IRS will process more stimulus money and the size of the payment different people could get, including young adultsolder adults and retirees, and SSI/SSDI recipients, will be solidified once a bipartisan agreement is in place.

Read more: Joe Biden is president-elect. Here’s his stimulus plan for the US

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Stimulus checks and child support: How both parents might get an extra $500 per child

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Stimulus checks for dependents were rife with issues, with some parents receiving no payment and other parents each getting $500 for the same child.


Angela Lang/CNET

As we wait for the continuing negotiations for a second stimulus check to gain approval, we’re here to clear up any continuing questions you may have about the finer points of the first direct payment, including how much you were supposed to get if you are on your own or if you have what’s defined as a “child” dependent.

The qualifications for dependents can be complex, especially if there’s a situation involving child support, because there are specific eligibility rules involving parents on both the paying and receiving ends. Some parents who had debts for unpaid child support, for example, found that their stimulus checks (and sometimes their spouse’s) were garnished.

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Stocks tumble as Covid-19 cases surge and stimulus is nowhere to be found

Wall Street is tumbling on Monday as coronavirus, Washington intransigence and earnings weigh on the market.



a person standing in front of a building: NEW YORK, NEW YORK - OCTOBER 02: People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City. Stocks and markets around the world have fallen in morning trading as investors digest the overnight news that President Donald Trump has Covid-19. (Photo by Spencer Platt/Getty Images)


© Spencer Platt/Getty Images
NEW YORK, NEW YORK – OCTOBER 02: People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City. Stocks and markets around the world have fallen in morning trading as investors digest the overnight news that President Donald Trump has Covid-19. (Photo by Spencer Platt/Getty Images)

US stocks sank at the opening bell in New York, and the selloff gathered pace as the session went on.

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In the early afternoon the Dow was down 950 points, or 3.4%. Not a single Dow stock was in the green. At this rate, the index is on track for its worst day since June.

The S&P 500 — the broadest measure of the US stock market — fell 2.8%, on pace for

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Stimulus checks and child support: How the IRS lets some parents ‘double dip’ for $500 each

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Stimulus checks for dependents were rife with issues, with some parents receiving no payment and other parents each getting $500 for the same child.


Angela Lang/CNET

While a second stimulus check is still being bandied around, awaiting resolution, you may still have questions about the finer points of the first payment, specifically how it allotted up to $1,200 per individual adult and $500 per “child” dependent. The eligibility rules concerning dependents are complex, especially for parents who are in child support situations. Knowing the nuances is important to making sure you got the right amount of money in the first check, anticipating how much you could get in the second and explaining if you didn’t get any stimulus money at all, even if you seemingly met all the qualifications.

See, child support situations have specific rules involving parents who owe support payments and those who

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PayPal’s New Service Is A $50 Billion Stimulus Check For Bitcoin

OBSERVATIONS FROM THE FINTECH SNARK TANK

PayPal announced that it has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS). The license will enable PayPal to launch a new service that will enable its customers to:

  1. Buy, hold, and sell cryptocurrency (initially Bitcoin, Ethereum, Bitcoin Cash, and Litecoin) directly within the PayPal digital wallet.
  2. Use the cryptocurrencies as a funding source for purchases at its 26 million merchants.

PayPal said there would be no service fees for buying or selling cryptocurrency through December 31, 2020, and no fees for holding cryptocurrency in a PayPal account.

According to the

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US stock climb as investors await stimulus developments, shrug off Google antitrust lawsuit


  • US stocks closed higher on Tuesday as investors awaited fiscal stimulus developments and shrugged off an antitrust lawsuit leveled by the Department of Justice against Google.
  • House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin have been narrowing their differences on a stimulus bill, and continued talks in the afternoon.
  • Major indexes pared gains in the final minutes of trading after the Washington Post reported that Senate Majority Leader Mitch McConnell told the White House to refrain from striking a stimulus deal before the election.
  • Shares of Google climbed on Tuesday despite an antitrust lawsuit targeting the company. Tech heavyweights like Facebook, Amazon, and Apple also finished the day higher.
  • Visit the Business Insider homepage for more stories.

US stocks rose on Tuesday as investors weighed a series of strong earnings reports, continued fiscal stimulus developments, and an official antitrust lawsuit leveled against

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