The Internal Revenue Service is sending letters to almost 9 million Americans with unusual tax situations who may still be eligible for a direct payment as part of the federal coronavirus relief package passed earlier this year.

In a release last week, the IRS said many people who aren’t typically required to file a federal income tax return may still qualify for a one-time stimulus check of up to $1,200 for individuals, $2,400 for married couples, and $500 for each qualifying child.

The problem is, many individuals in this situation are hard to reach, and many still haven’t claimed their payment. Even worse? Time is running out: The IRS says these “non-filers” have until October 15 to claim their Economic Impact Payment, or EIP, directly.

After October 15, if you’re eligible for a stimulus check but still haven’t claimed it, you’ll have to file a federal income tax return to

Read More

This story is part of CNBC Make It’s Millennial Money series, which profiles people around the world and details how they earn, spend and save their money.

Jerone Gillespie has a knack for looking on the bright side — even under difficult circumstances.

His water gets turned off? It’s only temporary. He has to sleep on his brother’s couch because he can’t afford an apartment? It’s an opportunity to start saving up. 

Jerone Gillespie, 23, lives in the Greater Baltimore area.

CNBC Make It

Today, the 23-year-old, who lives just outside of Baltimore, spends part of the year working in a tax preparation office and the rest driving for Uber and Lyft. He expects to earn about $25,000 total in 2020, before taxes.

But he’s not stressed about his low salary: He spends his free time investing, studying money, business and science, and planning his next move.

How Gillespie learned

Read More

The Indy 500 in 2020 was going to award the winner more money than ever from a record $15 million purse. This was the promise of Roger Penske, the super-rich race team owner who purchased Indianapolis Motor Speedway last year.

Then the COVID-19 pandemic broke out in the United States in the spring, and everything changed.

Not only was the 2020 Indy 500 pushed back to August from its traditional date in May, but after initially planning to host fans at 50 percent capacity and then at 25 percent capacity, Indianapolis Motor Speedway was forced to proceed with the race without fans in attendance. Which directly impacts the purse for the Indy 500.

MORE: Everything to know about the Indy 500 in 2020

According to Racer Magazine, the lack of Indy 500 ticket sales alone takes at least $20 million away from the track’s earnings. So Penske had to cut

Read More