Anyone get a stimulus check already? Curious.

[kymom99]

College kids don’t get it this time either. My son is 20 and upset about this. So am I.

My husband can twist anything around and get it wrong. Makes me insane. He said our son would get one. A simple google search tells me you are right, he won’t.

 

[disneychrista]

My husband can twist anything around and get it wrong.

I think initially they were supposed to, even those claimed as dependents but so much has changed since they first started talking about a second stimulus.

 

[bcla]

I wonder what the status is for college kids this time. My son didn’t get the last stimulus. He was still claimed by us but over 17 or whatever it was.

Adults qualify as long as they aren't claimed as a dependent on a parent's form. They'll still need to file separately.

It's all so much different now after the 2018 tax changes. When I was in college and had a part time job, my parents insisted that I allow them to to claim me as a dependent because they were at a higher tax rate. I still got my standard deduction and personal exemption but not the individual exemption. Now it's just a tax credit per child of $2000 for kids under 18 and (I guess) $500 for dependents 18 to 25. However, tax credits are capped at the tax liability - i.e. no refund due based on tax credits.

I'm wondering how many who took the exemption (and $500 tax credit) regret that now. I thought that the IRS was encouraging people to user a non-filer application even if they didn't have any income, just to get get the stimulus money.

 

[DisneyJamieCA]

Sorry I haven't read through everything, so please forgive is already asked. Does anyone know if the pending deposit is just a placeholder? DH and I filed joint in 2019 and make below the $150K threshold. so was expecting a deposit of $1200. I only see a $600 deposit pending.

Ours was for the full amount we qualified for.

 

[mrsstats79]

Yes, in bank today

 

[Feralpeg]

My sister, my daughter and I all got $600 deposited in our accounts.

 

[BlueStarryHat]

I got mine this afternoon. Half will go directly towards helping to pay the property taxes this year. The other half I'm putting aside.

 

[Disneytrippin']

What the cotton pickin' heck. I still haven't got mine. My BF got his while we were gambling at the Casino last night. Granted it was only 14 dollars and some change but C'mon man where's mine?

 

[TwoMisfits]

I didn't put anyone in a box. I knew someone would respond negatively. I didn't expand, merely said that I don't need it and also that $600 simply doesn't help anyone. So you can make half a rent payment that you've missed over the last 10 months. That doesn't help.

I did not say that no one needs help. What if instead of creating a feel good bill so they could throw all kinds of money into their pet projects, they created something independent of anything else to help those forced out of work? Normal people laid off from their jobs have unemployment. Yes the States created a mess, that is a different issue. That needs fixed as well. Small business owners and self employed folks, they are the ones forced down with no help at all. Why give $600 to so many who don't need it, I would rather my taxes help out rather than just spread out and help no one.

But those are the folks you can take your $600 and help. Find 4-6 single outlet restaurants and buy $100 gift cards at each...and then give the gift cards back to the restaurant as a "tip" for the purchase. Go to the local hobby/art store and buy random pieces of art you don't care about and donate the art back to Goodwill to sell. Find your local gas station and pay for the next 10 people to get gas. Find your local escape room and book 4 escape rooms and pay, and then play or not.

Etc, etc, etc...I'm much rather individuals get the money to support the small businesses they want vs the feds trying to do so - when they do, it's almost always the big, well connected who win. When I have the money, I can have the businesses I frequent the most win.

 

[Donald13]

Then go spend it and use it for its intended purpose of a stimulus. Or donate it to any of the small businesses that are struggling right now.

Again, just because you don’t need it doesn’t mean there aren’t people who are still employed who don’t. Or people who were employed in 2019 but no longer are.

Why is it so hard for people to understand that not everybody fits in the nice little box they want them to?

ETA: for all of those worried about debt we’re leaving our children, direct payments (which are our own tax money) is a drop in the bucket. Focus those concerns where it’s needed - like maybe the millionaires who got million dollar PPP loans, including somebody’s wife; that same somebody who decided $2000 was too much for us.

Amen!! If you don’t want it, send it to me. I forgot this is the land of no debt

 

[Donald13]

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

We got 2 checks in a year. How are they constantly sending money out??

 

[firefly_ris]

I'll add to that, "Wish they would stop sending money out" to those who don't need it.

I looked, it's pending. I don't need it. It doesn't help those who do need it.

I've been working the whole time. We were slammed at the beginning because of the shutdowns as we produce landscape products. Been working a lot of overtime all year. Though the end of the year was unusually not busy for me, usually I have a ton of overtime but this has nothing to do with the pandemic, I just was paid out for my 2 weeks of unused vacation. I get paid out for my unused sick time next pay. I don't make a lot of money, I'm comfortable with it (my money problems do not come from the paycheck) and I'm now rolling in it. Why did I need another $600 that I will have to pay back and my children will have to pay back so much more for no benefit to anyone.

Maybe you can invest it for your kids. I have a custodial account set up for each child wherein I purchase them index funds. That's what I plan to do with this.

 

[White Cat]

We got 2 checks in a year. How are they constantly sending money out??

The word constantly was not in my quote.

 

[Heigh-Ho]

No still waiting on it

 

[JoanneAZ]

Mine is pending deposit.

 

[ajlsjl]

Mine was depositd today!

 

[bobbiwoz]

Ours were deposited last night!

 

[Donald13]

The word constantly was not in my quote.

The idea was implied. And I don’t know if anybody that couldn’t use the help.

 

[disykat]

No sign of ours, but this thread reminded me to check my parent's accounts. It's there.

I have to keep that account under a certain amount since it's not in their trust. I was able to get it transferred out before their social security checks went in.

 

[disykat]

The idea was implied. And I don’t know if anybody that couldn’t use the help.

I find that hard to believe because I live in an area where much of the economy has continued to be stable due to our large employers continuing. I don't know anyone that doesn't like free money, but there are a lot of us who don't need help right now. I'm fine for now. I'm much more concerned about the tax hits coming as I head into retirement. I wish it would go to those who need help NOW, not those who had up to what I consider a reasonably high income in the past.