Anyone get a stimulus check already? Curious.

[SaintsManiac]

It's not hard to do math. Surely the government can add one year.

What does adding a year do for most people? Absolutely nothing.

 

[Moliphino]

I saw mine was pending in my bank account last Thursday and it did hit my account today.

 

[gwynne]

Ours is in our account today, full amount.

 

[kdonnel]

It's not hard to do math. Surely the government can add one year.

To get the payments out as fast as possible the decision was made to make the logic simple to code.

It was known that there were going to be edge cases where people got money they should not have and others would not get money they should have.

The amounts would be trued up when the 2020 taxes were filed and if you received money you should not have, lucky you, if you did not receive money you should have you will get it as a credit on your 2020 filing.

 

[sam_gordon]

What does adding a year do for most people? Absolutely nothing.

If they want to exclude folks because of age (which I disagree with to start), then they should do the math.

 

[SaintsManiac]

If they want to exclude folks because of age (which I disagree with to start), then they should do the math.

That would take forever. It took long enough to get the second wave. It would be insanity to try and do that when people are struggling.

 

[Dead2009]

Got mine today.

 

[Mackenzie Click-Mickelson]

If they want to exclude folks because of age (which I disagree with to start), then they should do the math.

If you wanted them to wait until this upcoming tax season was over with just for your son so they could do the math based on 2020 taxes I mean I guess they could have...but that would have been pretty bad to do for the rest of the people.

 

[AndreaDM]

I for one am glad it was based on 2019 taxes! My DD turned 17 in Jan. of 2020 so we just made the cutoff. Her portion is going straight into her college savings account. In the spring, I did take $200 of her $500 and bought her a Nintendo Switch Lite since she was stuck at home with not much to do.

 

[mco65]

Mine showed up this morning.

 

[mjkacmom]

I for one am glad it was based on 2019 taxes! My DD turned 17 in Jan. of 2020 so we just made the cutoff. Her portion is going straight into her college savings account. In the spring, I did take $200 of her $500 and bought her a Nintendo Switch Lite since she was stuck at home with not much to do.

I have twins who turned 17 in January 2020, I don’t think they got anything? All I can see is a pending deposit of $789.

 

[snappy]

Our 25 year old did not get the $1200 in the spring for some reason, but she will when we help her file her return. She received the $600 some time over the weekend. It will come in handy for her. She moved to a new city and worked in 2 groceries stores and a restaurant until she landed a great new job in her field. Took a small apartment before she was hired for the job. Now looking to maybe buy a starter home so every dollar helps.

 

[AndreaDM]

I have twins who turned 17 in January 2020, I don’t think they got anything? All I can see is a pending deposit of $789.

Did you start to phase out because of income levels? I got the whole $600 for my DD.

 

[sam_gordon]

If you wanted them to wait until this upcoming tax season was over with just for your son so they could do the math based on 2020 taxes I mean I guess they could have...but that would have been pretty bad to do for the rest of the people.

Didn't they use the 2018 tax year (filed in 2019) like they did back in the spring? If they used the 2019 tax year (filed in 2020), OK, I get that. I didn't come up with the age cut off (I still don't know why they did and don't think they should). I didn't say anything about waiting until the upcoming tax season, so I don't know why you thought that.

 

[kdonnel]

Didn't they use the 2018 tax year (filed in 2019) like they did back in the spring? If they used the 2019 tax year (filed in 2020), OK, I get that. I didn't come up with the age cut off (I still don't know why they did and don't think they should). I didn't say anything about waiting until the upcoming tax season, so I don't know why you thought that.

For each round if you have filed 2019 taxes they used those numbers. If not they used 2018.

As for why the 17 year old cut off, you have to go back to 1997 and ask the Congress that passed the tax reform bill way back then. That is the beginning of devaluing dependents based on age.

 

[Mackenzie Click-Mickelson]

Didn't they use the 2018 tax year (filed in 2019) like they did back in the spring? If they used the 2019 tax year (filed in 2020), OK, I get that. I didn't come up with the age cut off (I still don't know why they did and don't think they should). I didn't say anything about waiting until the upcoming tax season, so I don't know why you thought that.

It was always based on the most recent year you filed. In the spring if you filed your 2019 taxes already they used that, if you hadn't filed your 2019 taxes yet it was based on the most recent (for most presumably that would have been 2018 if they hadn't filed 2019 yet).

 

[DisneyJamieCA]

It's not hard to do math. Surely the government can add one year.

The goal was to get it out as fast as they could. You really wanted them to waste time calculating the age of everybody? I’m sure people trying to make rent would have greatly appreciated the delay

 

[bcla]

What does adding a year do for most people? Absolutely nothing.

I don't see how that would work anyways. There's no entry for a date of birth when listing dependents. It's simply whether or not someone qualifies for the child tax credit or for the tax credit for "other dependents". The IRS has no idea other than filers claiming a dependent who was under 18 during the tax filing year.

Years ago I was watching some TV news where they were going over the first births in the new year. They mentioned that one family got a tax break because they had twins, including one that was born on December 31 and the other born on January 1. I thought that it would have been a bigger tax break had they both been born on December 31.

 

[sam_gordon]

The goal was to get it out as fast as they could. You really wanted them to waste time calculating the age of everybody? I’m sure people trying to make rent would have greatly appreciated the delay

Oh good night. Yes, I want them to delay the thing for another five years. No one needs the money. That's exactly what I'm saying.

All I'm saying is IF they want to use an age cutoff, they should make it accurate.

 

[sam_gordon]

I don't see how that would work anyways. There's no entry for a date of birth when listing dependents. It's simply whether or not someone qualifies for the child tax credit or for the tax credit for "other dependents". The IRS has no idea other than filers claiming a dependent who was under 18 during the tax filing year.

They've got to know the age somehow. If they didn't, they couldn't say "those 17 and older... "