Government Checks
1 Attachment(s)
Well this is a disappointment!
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They can send as many checks as they want.
It will all go into the hole in the water. :eek: |
minimum size boat?
I won't get $1000. But if I owned a cruise ship, I could qualify.
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We'll be getting the whole amount, which we've already earmarked for spending in the lakes region...if/when things open again. Sent from my SM-G950U using Winnipesaukee Forum mobile app |
We won’t be getting a check either. I’m on Social Security, But my husband is still working. He makes too much to qualify. This past year was actually pretty exciting because he could collect his full pay and Social Security with no penalty. He waited until he was 70 to sign up.
My oldest son and his wife and daughter will be getting checks, My youngest son is single and he’ll be getting the full amount. My daughter is a pediatric physical therapist and her husband is a school principal. They will not be getting a check. So, I still don’t quite understand. If you make too much to get an individual check, can you still get a check for your children? |
Not sure if we will get checks either...both on SS AND Medicare and wife (was) working part time.
From what I had heard last time numbers were spoken about on the news, it was $1200 for every qualifying ADULT and $500 each child? What are those numbers today? |
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The Stimulus Checks Phase-out at:
$75,000 in adjusted gross income for singles. $112,500 for heads of household. $150,000 for married couples (when couples file joint tax returns). Payment is reduced by five percent of every dollar above that mark, or $50 for every $1,000 above $75,000. Completely phase out at $99,000 for singles and $198,000 for couples (with no children). So keep in mind if you file jointly one member can earn more than the 75K and still get the entire amount so long as the jointly filed combined adjusted gross income does not exceed the 150K mark. |
From what I’ve read being on SS and Medicare does not preclude you from receiving the stimulus check. It is based on your 2018 tax return. One site said if your tax liability was below $600 you would get $600 if it is above 1200 you get 1200. (Doubled if married filing jointly). No mention of what happens if in between.
I’m assuming regardless what you get it will be taxable income for 2020. Sent from my iPhone using Winnipesaukee Forum mobile app |
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Another note I've read: unlike Bush's stimulus checks, these will not be taxable as income on 2020's returns UNLESS the recipient makes over the $75k/$150k limits.
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Okay, thanks all! Looks like we will get checks as we certainly aren’t above $150k jointly.
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Hey Think--I'm glad they're still paying you :) |
Big assumption you are making knowing it has to go through the House
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I'm guessing the post above about the teacher not getting paid is either an aid/para or assistant or something. I don't know any teachers not doing work nor not getting paid. Sent from my SM-G950U using Winnipesaukee Forum mobile app |
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History will show if the approaches we've taken made sense. Personally, I think there's a balance to be found but that Americans—as seen in so many things—don't necessarily love moderation. Sent from my SM-G950U using Winnipesaukee Forum mobile app |
2 things: 1)some people are covered by contracts that require them to be paid regardless. Good job of contract negotiation. 2) I don’t know about everyone else but I’m sick of the comparison to N1H1. Different times & things like people’s views change.
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"It is based on your 2018 tax return."
Hi TRBG. I believe it's based on your 2019 return providing you've already submitted it. If you haven't submitted it then it will be based on 2018. |
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How do they know?
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Complex stuff. No need to answer. We'll wait and see if Congress ever gets it in gear and passes the bill. And then maybe some follow up bills to fix and tweak. "Do it right, do it once.," is not applicable to Congress. |
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This money is not meant make people "better off". If you secured a better paying job, good for you and congratulations, you are "better off" today. HOWEVER; If you live paycheck-to-paycheck, as so many of the people you rely on do.... AND you got laid off from work, you would also need financial help. I hope the bill that was passed actually DOES stop the kind of windfall payments that a small amount of people are hoping for. Lastly, I have been there and done that in my younger days, so.... If you have not HAD TO file your tax return by now to get the refund, IMO you are not as financially strapped as those that may need the money. You (we) are not the ones that need the most help. Selfishness and Greed are disgusting traits in any human! (JMO) |
My tax accountant sent me the following summary today after this passed the house. Maybe this will help to answer someone's questions:
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Dude chill...
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Define irony: someone who continues to use "should of" (among many other errors) calling someone out for a misspelling.
Cal, missed our call yesterday, but I was jammed most of the day...and then it occurred to me that I had no idea what we were supposed to talk about, so I made BBQ chicken nachos instead. Cheers! Sent from my SM-G950U using Winnipesaukee Forum mobile app |
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Just came back from a drive to camp (let the "shelter-in-place" critique ensue), so I'm done for the afternoon, but we'll connect sooner than later. Sent from my SM-G950U using Winnipesaukee Forum mobile app |
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