New Yorkers receive $ 1600 surprise checks: what kind of money is that?
'05.08.2021'
Nurgul Sultanova-Chetin
Many New Yorkers receive checks for $ 1600. Edition Hudson valley post told what kind of money it was.
Some New Yorkers should check their bank accounts or mailboxes. There they can expect a pleasant surprise - $ 1600. This is a tax refund. Last week, the U.S. Internal Revenue Service (IRS) began refunding overpaid 2020 taxes to Americans. In total, $ 1,5 million was sent.
The mailing of paper checks began on July 30, and on August 4 the money was sent to bank accounts via direct deposit.
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Tax refunds are made to people who overpaid federal taxes on unemployment benefits in 2020. Later, the government decided to return this money. The return of these funds is part of the "American Rescue Plan" signed by US President Joe Biden in March 2021.
The average refund is $ 1686. The IRS has returned nearly $ 10 billion since May, but experts believe the final returns were sent on August 4.
