On Presidents’ Day, observed on February 19, government agencies like the US Post Office will be closed. This means that rebates, stimulus checks, and tax returns will not be sent out via mail, although many payments are typically distributed electronically.
As a result of this closure, individuals expecting such payments may experience a delay and might have to wait until the following Tuesday to receive their checks. Normal postal service is set to resume on Tuesday, February 20.
Payment Plans and Programs
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Various payment programs, both federal and statewide, are currently in place to provide financial assistance to Americans. These include initiatives like the American Rescue Plan, a significant economic stimulus package passed by Congress in 2021, which offers different benefits depending on the program.
For instance, in Harris County, Texas, a guaranteed income program is providing $500 per month for 18 months to residents in specific zip codes. Similarly, Washington, DC, is disbursing funds to residents following a settlement related to Second Amendment violations dating back to 2012.
Tax Time Considerations
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During tax season, many Americans anticipate benefits, including tax refunds and deductions. However, it’s important to note that tax refunds will also be delayed due to the Presidents’ Day closure.
Additionally, some new programs introduced this tax season may offer significant benefits, such as Earned Income Tax Credits in states like Michigan, which can reduce tax payments. Similarly, in Minnesota, taxpayers may qualify for rebates for purchasing electric cars, providing up to $2,500 in savings, although these benefits will not be processed on Presidents’ Day.