News

Tuesday July 27, 2021

Our News
Thank you for your interest in The DuPage Foundation. Our hope is to serve you and your family with helpful information.
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Savvy Living
I am 58 years old and working on a plan for my retirement. I have read that I need to check my Social Security statement...
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Washington News
On July 21, the Internal Revenue Service announced it sent out an additional 2.2 million Economic Impact Payments. With the additional payments, the American Rescue Plan has now distributed 171 million payments with a total value of over $400 billion. The IRS continues to send out payments each week. The 2.2 million payments had a value of approximately $4 billion. These included 1.3 million distributions to individuals who were previously not known to the IRS because they were not typically required to file tax returns. These individuals received an Economic Impact Payment by filing a 2020 tax return, many used the IRS Free File system. There were also 900,000 "plus-up" payments with a value of $1.6 billion. These were paid to individuals who based on filing their 2020 tax return qualified to receive the supplemental payments. The IRS reminds taxpayers that they may file at any time. While the tax deadline was May 17 (or October 15 for those who filed for an extension), the Economic Impact Payments will be distributed to eligible individuals who file at any time. Another benefit of filing a return is the ability to receive the 2020 Recovery Rebate Credit, the Child Tax Credit...
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Personal Planner
As you approach end-of-life decisions, there are several steps that should be taken to make sure you receive the right...
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