With the coronavirus pandemic having battered our economy, the federal government has been issuing Economic Impact Payments, colloquially known as stimulus checks. These payments, averaging $1,200 per person, are being made to taxpaying citizens through the Internal Revenue Service as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
These payments have been a welcome boon to the many who have been hard hit by the virus-mandated shutdowns of “non-essential” businesses – and life in general.
We recently had a call from a generous reader who wondered what he might do with his stimulus check, which, he confessed, he didn’t really need. Being in sound shape financially, he said, he wished instead to donate his payment to “someone who could really use it.” We thought this was a lovely idea.
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