Americans Paid $66.6 Million in Fees to Access Stimulus Funds. Here's Why
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When coronavirus was declared an official pandemic and businesses locked down across the United States in March of 2020, Congress soon passed the Coronavirus Aid, Relief and Economic Security Act. The CARES Act authorized payments of up to $1,200 per eligible adult and $500 per dependent.
The IRS delivered these funds, but some Americans ended up paying to access them. In fact, according to a new report from the Brookings Institute, Americans collectively spent around $66.6 million in fees to get their government relief funds. Here's why.
Source Fool.com
