Finance

More Stimulus Checks To Be Sent This Month, Here’s What You Should Do

Published

January 9, 2022

Millions of individuals might possibly be in line for a stimulus payment from the federal government, but they may need to take action in order to obtain it. It may be possible to start the process of collecting your COVID-19 payments as early as the end of January if you are qualified.

More stimulus check is waiting this January. (Photo: 19FortyFive)

Are You Qualified For More Stimulus?

In a recently published article in A Motley Fool, if you haven’t gotten any of the COVID-19 relief money you were supposed to throughout the course of 2021, you may be eligible to claim a stimulus payment beginning at the end of this month.

The American Rescue Plan Act permitted the disbursement of $1,400 in stimulus funds to individuals and dependents who qualified for the program. Because the American Rescue Plan Act was passed, you may be losing out on a tax credit that may be worth up to $3,600 per qualified kid.

For the most part, everyone has already gotten their $1,400 checks and half of the new, higher child tax credit. There were some who disagreed. It’s possible that you didn’t get all of your stimulus money if:

The IRS was unaware of your income or the number of dependents you had since you hadn’t filed a recent tax return and hadn’t submitted your information online.
Until 2021, the IRS was unaware of the addition to your family of a new dependent.
In 2021, you saw a decrease in your family’s income.

In addition, parents who were qualified for the enhanced Child Tax Credit got just half of the money, which was delivered monthly between July and December of 2021. Due to the age of their dependents, they may be eligible for $1,800 per kid.

Claim More Stimulus Check This Month

If the IRS hasn’t yet sent you stimulus funds, you’ll need to submit a 2021 tax return to claim them. Now that 2021 has come to an end, the IRS will be able to receive these returns as soon as possible.

The official start date for the IRS’s tax return processing has not yet been announced, although it is typically the end of January. As a result, if you begin preparing your tax forms now and file them promptly when the filing season begins at the end of this month, you will be on the fast road to collecting your missing stimulus funds.

Do not delay in filing your tax return if you are awarded both stimulus payments and the enhanced Child Tax Credit, since you may be entitled to thousands of dollars more from the IRS.

In this article:child tax credit,Dependents,Enhanced Child Tax Credit,IRS,Stimulus,Stimulus Check

Finance

Hyatt Raises $1 Billion in Bonds to Fund Major Playa Acquisition

Ajayraj Singh

Published

7 hours ago

Hyatt Hotels Corp. has taken a big step forward in its plans to acquire Playa Hotels & Resorts NV, raising an impressive $1 billion through bond sales this week. This move is part of the company’s strategy to finance the $2.6 billion purchase, which is seen as a significant expansion in the hospitality market.

The Big Deal

On Monday, Hyatt successfully sold $1 billion in bonds aimed at funding this ambitious acquisition of Playa Hotels & Resorts, a well-known hotel brand that operates in various tropical and beach destinations. This sale is not just about raising money; it also indicates Hyatt’s confidence in the growth potential of the hospitality industry as it emerges from the challenges of the past few years.

Bonds with Benefits

The bond sale was structured into two parts: $500 million worth of three-year bonds and another $500 million in seven-year bonds. These bonds are being offered at attractive rates, with the three-year bonds yielding 1.05 percentage points more than government Treasury bonds and the seven-year bonds yielding 1.55 percentage points above Treasuries. This means that investors are interested and confident in what Hyatt is doing!

Important Deadline

What’s noteworthy about this bond sale is a special clause linked to the Playa acquisition. If Hyatt doesn’t finalize the acquisition by October 9, then the bonds will be redeemed at a premium price of 101%. This adds a bit of urgency to the deal, making it clear that everyone is eager to see Hyatt close this transaction as planned.

Market Activity

This bond sale comes at a time when many borrowers are seizing the moment to raise funds before the Federal Reserve meets this week to discuss monetary policy. As the economy continues to recover, financial markets are bustling and companies like Hyatt are taking advantage of favorable conditions to strengthen their positions.

A Bright Future for Hyatt

Hyatt’s acquisition of Playa Hotels is an exciting development. It allows Hyatt not only to expand its reach into more resort-style offerings but also to provide travelers with more options for their vacations. As people begin traveling again, this strategic move could position Hyatt well to cater to new waves of tourism throughout the coming years.

What Comes Next?

Following this bond sale exercise, all eyes will now be on Hyatt to see how quickly they can finalize the purchase agreement with Playa. The hospitality landscape is rapidly changing, and with Hyatt’s focus on adapting to new trends, including enhancing customer experiences and expanding their brand presence, this acquisition could be a game-changer.

Bonds sold: $1 Billion
Purpose: Fund acquisition of Playa Hotels & Resorts
Investor appeal: Attractive yield rates above Treasuries
Deadline for acquisition: October 9
Market activity: Increase in corporate bond sales

In summary, Hyatt Hotels Corp. is making significant movements in the hotel industry, tapping into the bond market to support its exciting plans for expansion. As the timeline for the Playa acquisition accelerates, the hospitality giant is positioning itself for a bright future in a recovering travel sector.

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