New York State residents may have a special gift heading their way in the coming weeks, and it couldn’t have come at a more perfect time!
The holidays definitely took a toll on our bank accounts. Many of us are still struggling to recover from the debt incurred during last year’s extravagant Christmas spending spree!
Thanks to the Federal Government, you may be eligible for a check or direct deposit to provide some much-needed assistance.
Several reports indicate that there is an unclaimed check that is set to be distributed to certain individuals. The best part is that these individuals don’t have to take any additional steps to receive it.
According to NewsNationNow.com, individuals who did not claim a Recovery Rebate Credit on their 2021 tax returns are eligible for these payments. The credit was designed for those who missed out on one of the COVID stimulus payments or did not receive the full amount.
Many people will receive a significant amount of money, which will help them cover the expenses they incurred during the holiday season.
According to Lendintree.com, individuals who incurred debt during the holiday season spent an average of $1,181, which is an increase from $1,028 in 2023. It is interesting to note that the lowest recorded debt figure was $986 in 2015, based on the findings of their holiday survey.
Hopefully, you have a plan in place to address your debt, and there is a possibility that you might be eligible for the IRS payout scheduled for the beginning of 2025. Furthermore, the window for filing taxes for the year 2024 will open shortly. Specifically, the filing season for 2024 tax returns commences on January 27, 2025. If you are entitled to a refund, it could provide some assistance in paying off your credit card bills.
