Many Iowans are finding an extra 600-dollars deposited in their checking accounts this week, courtesy of Uncle Sam. The latest round of federal stimulus checks are arriving, with married couples who meet income guidelines getting 12-hundred dollars, and 600 more dollars for each child. Urbandale C-P-A Jeff Strawhacker says you do -not- need to worry about holding back any portion of the checks for taxes.
This latest round of stimulus checks is expected to cost the federal government 166-billion dollars. The Coronavirus Aid, Relief, and Economic Security — or CARES — Act that passed last March was worth two-point-two trillion dollars.