cs8683
By SUSAN HAIGH, Associated Press Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people’s bank accounts or sent in the mail by a paper check. The IRS said it’s distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns. People who missed one of the COVID stimulus payments or had received less than the full amount were able to claim the credit. But the IRS on Friday said it discovered many eligible taxpayers hadn’t done so. “Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were actually eligible,” IRS Commissioner Danny Werfel said in a statement. Here’s more about the unexpected cash this group of taxpayers will soon receive: Sorry, it’s probably pretty low. The IRS said most taxpayers eligible for the federal stimulus payments, formally known as Economic Impact Payments, have already received them. The special payments announced by the IRS are being sent to those taxpayers who filed a 2021 tax return but left the data field for the Recovery Rebate Credit blank or they filled it out as $0 when they were actually eligible for the credit. Related Articles Eligible taxpayers don’t have to take any action. The payments will go out automatically this month and should arrive by direct deposit or check by late January 2025. They’ll be sent to the bank account listed on the taxpayer’s 2023 return or to the address IRS has on file. Payments will vary but the maximum amount will be $1,400 per individual. The IRS has posted information online about eligibility and how the payment was calculated. IRS plans to send separate letters to eligible taxpayers notifying them of the special payment. You still might be able to receive the money. However, taxpayers need to file a tax return and claim the Recovery Rebate Credit by the April 15, 2025 deadline, even if any income from a job, business or other source was minimal or nonexistent, according to IRS. There were three rounds of payments to households impacted by the pandemic, totaling $814 billion. IRS based the amounts that taxpayers received on their income, tax filing status and number of children or qualifying dependents. In March 2020, eligible individuals received up to $1,200 per income tax filer and $500 per child under the CARES Act. In December 2020, eligible individuals received up to $600 per income tax filer and $600 per child under the Consolidated Appropriations Act. In March 2021, eligible individuals received up to $1,400 per income tax filer and $1,400 per child under the American Rescue Plan Act.Google, Salesforce, H&M and other brands have turned to unlikely allies to help them clean up their carbon pollution: sewage treatment plants and paper mills. The companies joined an $80 million plan to take CO2 out of the atmosphere, though the strategies they’re using have yet to show whether they can have a meaningful impact on climate change. They’re paying $32.1 million to a startup called CREW that aims to trap carbon dioxide emissions produced at wastewater treatment facilities. And $48 million will go to another startup called CO280 that retrofits pulp and paper mills with controversial carbon capture technologies. The two were facilitated by a called Frontier that’s led by led by Stripe, Google, Shopify, and McKinsey Sustainability on behalf of those founding companies and other brands trying to meet their own sustainability goals. Companies are increasingly looking for ways to try to cancel out the damage caused by their greenhouse gas emissions Companies are increasingly looking for ways to try to cancel out the damage caused by their greenhouse gas emissions. They’ve funneled millions into startups building new-fangled industrial plants that filter CO2 out of the ambient or . Frontier’s latest announcement shows they’re also open to backing even more novel tactics for drawing down carbon dioxide. “We do need to be looking at a lot of different kinds of approaches,” says Wil Burns co-director of the Institute for Responsible Carbon Removal at American University, who is also part of an assessment committee for Frontier. “Some of these approaches still remain extremely expensive, notably , so we’re looking for approaches that potentially are less expensive.” The first generation of industrial facilities built over the past decade or so to filter CO2 out of the air — called — cost companies per ton of captured carbon. The deals Frontier just brokered come out to around $447 per ton of CO2 removal by CREW (for a total of 71,878 tons), and $214 per ton for CO280’s services (for a total of 224,500 tons). That’s still well above the that industry leaders often say they’re targeting. And for a company like Google that was responsible for of carbon dioxide pollution last year, you can see how the technology still is. Carbon dioxide removal encompasses a suite of strategies to take carbon dioxide out of the atmosphere. These technologies could potentially help slow climate change by trapping some of the pollution fossil fuels have already released over the years. There are still concerns about its , , and potential to from fossil fuels to carbon pollution-free energy. Experts say carbon removal is no substitute for preventing greenhouse gas emissions in the first place. While CREW’s strategy is more expensive, Burns says he’s particularly excited about its potential. The idea is to capture carbon dioxide that otherwise would have been released by microbes that break down organic waste in water treatment tanks. To do this, CREW adds alkaline minerals to the tanks. Those minerals react with the CO2 microbes produce, trapping it in water as bicarbonate. Eventually, the bicarbonate travels with the treated wastewater out to oceans, which are natural sinks that keep CO2 out of the atmosphere. CO280, on the other hand uses technologies initially developed by the fossil fuel industry to capture CO2 emissions from smokestacks before they can escape into the atmosphere. These kinds of devices have been added to industrial facilities and in the past, and can collect CO2 that companies might then shoot back into the ground . CO280 takes a different approach by adding carbon capture devices to facilities that burn “black liquor,” a bi-product from pulp manufacturing that’s used to generate heat and power. The devices are supposed to capture the CO2 from burning black liquor so that it can be permanently stored in underground wells. Since the fuel is made from trees, the process essentially sequesters CO2 that those trees drew in through photosynthesis during their lifetimes. To be sure, there are still major about how effective carbon capture technologies are as a way to mitigate climate change. They , which generates its own greenhouse gas emissions. There are also additional emissions from cutting down trees and transporting wood for paper mills, and it can be difficult to ensure that tree plantations are managed sustainably. Companies buying carbon removal services also get flak from environmentalists concerned that from more critical efforts to transition from fossil fuels to clean energy. At the end of the day, the only surefire way to stop climate change is to prevent the greenhouse gas emissions from fossil fuels that are causing the crisis in the first place. /
The Timberwolves have managed to tame a difficult portion of the schedule with three straight victories that have come in varying forms. But one thing has been consistent throughout: Drama. Minnesota rallied in the fourth, then held on for dear life in the closing seconds of Sunday’s 112-110 victory over the San Antonio Spurs at Target Center. ADVERTISEMENT The Wolves’ last three wins have come by a combined nine points. San Antonio had the ball, down two with 13 seconds to play, but Jeremy Sochan’s 3-point attempt at the horn fell woefully short. After another stiflingly slow start — the Wolves trailed 21-10 at one point in the opening frame — the bench unit again breathed life into the operation with pace and intensity. Minnesota blitzed the Spurs 32-12 in the second quarter to take a 12-point advantage into halftime. San Antonio responded, though, taking an eight-point advantage early in the fourth quarter. But, for the third straight game, Minnesota was able to generate decent offense down the stretch to close a game out. It was largely done with defense down the stretch Sunday, as Minnesota induced a number of 3-point misses from Victor Wembanyama down the stretch. Wembanyama finished with 34 points and eight rebounds but also missed a critical free throw that would’ve tied the game with 18 seconds to play. Donte DiVincenzo continued his recent stretch of success. He followed up Friday’s 22-point showing in Houston by scoring 25 points Sunday. As he stood on the floor for a postgame, television interview, Target Center erupted into a “Donte!” chat. He smiled. A rough start now seems to be firmly played in his rearview mirror. ADVERTISEMENT “It’s special,” the wing noted. ______________________________________________________ This story was written by one of our partner news agencies. Forum Communications Company uses content from agencies such as Reuters, Kaiser Health News, Tribune News Service and others to provide a wider range of news to our readers. Learn more about the news services FCC uses here .
World News | Today Everybody Sees Something of Interest In India's Endeavours, Says EAM Jaishankar
Houston’S Trusted Mobile Locksmith Service Offers 24/7 Assistance