Anyone get a stimulus check already? Curious.

[DisneyJamieCA]

No, not yet. And it doesn’t show anything pending. We got it the first day last time, so I guess I just have to be patient.

For those who don’t need it and don’t think anybody should get it - enjoy sitting in your place of privilege.I will say a little empathy goes a long way - especially this year.

 

[hereyago]

Received mine today, Very grateful.

 

[starry_solo]

Nah. On these boards, those amounts are tantamount to being in the poor house, don't ya know?

true. Lol. 75k doesn’t go a long way in southern California....

 

[Mackenzie Click-Mickelson]

Nothing pending for us.

 

[Farro]

Nah. On these boards, those amounts are tantamount to being in the poor house, don't ya know?

I hate to get mired down in this muck, but....

Someone who made $75,000 - $99,000 in 2019 (those taxes were used to determine if they get stimulus) may have made crap this year due to Covid. So yes, the stimulus may very well be needed by those who some of you deem to not need money.

And hey, if you don't want it, send it my way! I've got use for it.

 

[ronandannette]

I hate to get mired down in this muck, but....

Someone who made $75,000 - $99,000 in 2019 (those taxes were used to determine if they get stimulus) may have made crap this year due to Covid. So yes, the stimulus may very well be needed by those who some of you deem to not need money.

And hey, if you don't want it, send it my way! I've got use for it.

Excellent point.

 

[amcnj]

Similar to what others have mentioned, what I read gave Jan 4 as the date the banks either get the funds or have the commitment from the government. It is up to each bank whether to release the money to their customers before they actually have the cash in hand/firm commitment.

 

[Snap Crackle Pop]

Not yet, it took awhile for me to get my first check so I'm going to assume it'll take awhile for the 2nd one.

 

[wenrob]

Not yet, it took awhile for me to get my first check so I'm going to assume it'll take awhile for the 2nd one.

Same for my DD. She was about two weeks behind us in getting her tax refund and two weeks behind us with the last stimulus. I kind of wonder if it’s an age bracket/marital status/no dependents thing. The thread for the last one seemed to follow that pattern-in college or just out, not married, no kids. It held that pattern for her friends as well.

 

[LSUmiss]

Don’t qualify but know someone has received it. Wish they would stop sending money out.

 

[LSUmiss]

We didn't get one last time so I doubt we will this time either. That's ok.

I hope it helps some people who really need help right now. As far as those who get the check but don't really need it (and I know a lot of people like this), I suppose their options are to spend it to help the economy, invest it -- maybe for their kids' education, or donate it to others who are less fortunate, or just put it away in savings so they'll have a bigger cushion against the next difficulty that comes their way.

I wish there were a better way to target those who are really in need but if this is the best they can do, I guess it's better than nothing.

But isn’t it also to stimulate that economy so if ppl who don’t really “need” spend it b/c it’s extra money to them, doesn’t that help everyone? It’s called a stimulus after all.

 

[tvguy]

Ever had Government cheese? I'd have to be in very dire straits to look forward to that again.

Yes I have had Government cheese. The people who it was intended for didn't want it so the food banks were begging people to take it. Best cheddar cheese I have ever had.

 

[tvguy]

Here in Canada all the Covid-relief benefits and extended Covid-related unemployment payments are taxable income but had no source deductions taken. Assuming most recipients were in fairly dire straits and didn’t have the foresight to save part of it, there will be literally millions of people in trouble with the tax man come April.

Wow. In the U.S. there is a minimum income level, if you are below it, you don't even had to file a tax return let alone pay taxes. And even if you have to file, there is another step up before you own a penny of taxes.
I know my mom juggled her investments into tax free options, and in 28 years of retirement she only had enough income that required her to even file a tax return one year, and after deductions, she owed no tax.

 

[ronandannette]

Wow. In the U.S. there is a minimum income level, if you are below it, you don't even had to file a tax return let alone pay taxes. And even if you have to file, there is another step up before you own a penny of taxes.
I know my mom juggled her investments into tax free options, and in 28 years of retirement she only had enough income that required her to even file a tax return one year, and after deductions, she owed no tax.

Here too, but it is very low - the basic personal exemption per individual is $12,000/year. Our first round of automatic Covid-relief benefits was a flat $2,000.00/month, paid from April to September. Anybody who collected it is automatically over the zero-tax income limit. And everybody - even those theoretically without any income - has to file an annual tax return. No federal or provincial benefits of any kind are paid to people who are not up-to-date on their taxes because eligibility is always based on your last return. And yes, you guessed it...if one owes taxes, that amount is withheld from any benefits payable.

 

[dclpluto]

Not yet, it took awhile for me to get my first check so I'm going to assume it'll take awhile for the 2nd one.

the first one I was one of the last people to get it. When I did my taxes this year I told them I wanted to do direct deposit that way the government will have my info and I will get it sooner for the next time.

 

[MamaBelle4]

It’s a drop in the bucket compared to other spending. I’ll leave it at that.

YEP.

 

[MamaBelle4]

For those who don’t need it and don’t think anybody should get it - enjoy sitting in your place of privilege.I will say a little empathy goes a long way - especially this year.

Empathy is free, after all.

 

[kdonnel]

I hate to get mired down in this muck, but....

Someone who made $75,000 - $99,000 in 2019 (those taxes were used to determine if they get stimulus) may have made crap this year due to Covid. So yes, the stimulus may very well be needed by those who some of you deem to not need money.

And hey, if you don't want it, send it my way! I've got use for it.

They will still get the credit, just not until they file their 2020 taxes. Probably not very timely but when handing out money to hundreds of millions of people there are going to be edge cases.

Both credits will only be adjusted up based on 2020 filings. They will not be adjusted down if 2020 AGI is greater than 2019 AGI and would have reduced or eliminated the check already received. They will be adjusted up if 2020 AGI qualifies them for more and any additional difference will be seen as a credit on the 2020 filiing.

 

[b2k1121]

They will just tax folks like us even more.

Maybe this isn't the place for this pity party. You make enough money that you don't even qualify for the stimulus checks meanwhile millions are literally waiting in food lines and will get $600 that will cover half of a month of rent if they are lucky. And your concern is that your taxes might slightly go up, pretty gross, but I guess not surprising.

 

[bcla]

Wow. In the U.S. there is a minimum income level, if you are below it, you don't even had to file a tax return let alone pay taxes. And even if you have to file, there is another step up before you own a penny of taxes.
I know my mom juggled her investments into tax free options, and in 28 years of retirement she only had enough income that required her to even file a tax return one year, and after deductions, she owed no tax.

Theoretically yes, but there's always the possibility of getting a note from the IRS or state tax agency if they see certain distributions or for other reasons. I know someone who had a California professional license, but was just living off of savings for a while with a small amount of more or less passive income. The California FTB sent a letter and she had to put down approximate income that was less than the filing requirement. The letter specifically noted that it was sent because of the professional license.

I filed late before when I knew that I had a refund due. Had a hard time getting some info and I didn't want to file an amended return later. The IRS might complain, but there are no penalties for filing late as long as nothing is owed.