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Stimulus Checks

ARtraveler said:
I guess we use the old adage: "where there is a will, there is a way." :thumbup:
Click to expand...

WHAT?!? :yikes: I thought that 'old saying' only applied to dairy farmers needing juuust a coupla hundred more gallons to meet their Milk Quota or risk not getting paid - only back then it was "Where there's a WELL, there's a way!" :shocked:








:joke: :ohyea: :roflblack:
 
MonPaul said:
It is considered a tax credit not income
https://money.com/stimulus-check-advance-tax-refund/
Click to expand...

Complete rewrite!

I decided my description of how the stimulus would be treated was probably not correct. I was thinking that the only way to include a credit on the tax form would be to include the stimulus as income, but most likely there will be a two part entry at the end of the form, one for the stimulus credit you're entitled to, and then a line to subtract from that the money already received.
 
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Well, it seems that if you are actually going to receive a paper check, there will be a slight delay while they make preparations for a certain someone's signature to appear on the memo area of said check.:rolleyes:
 
BoilerAnimal said:
Well, it seems that if you are actually going to receive a paper check, there will be a slight delay while they make preparations for a certain someone's signature to appear on the memo area of said check.:rolleyes:
Click to expand...

I heard this too, even though this has NEVER been done before!
 
Seems normal practice across government. Mayors, governors, all putting their name on plaques and signs on new construction, bridges, stadiums, highways and the like.
 
MonPaul said:
I heard this too, even though this has NEVER been done before!
Click to expand...

A lot of things being done that have never been done before. I long for the "good old days".

You know, back when you had a pretty good chance of what you were being told at least had a semblance of truth!
 
Something to consider. I you are fortunate enough to not need the stimulus money for your everyday expenses, please consider donating part of it to your favorite charity. Lord knows, they need it at this time, especially the smaller hometown ones.
 
If you owed taxes it ain't the same situation!

Apparently if you owed taxes for 2019 they did not keep your bank info in the same records as refund info, even if you had IRS make an electronic withdrawal and you filed electronically. They drew the taxes I owed out of my account a couple of days ago. When I checked the Get My Payment website it said I was eligible to get the stimulus but they needed my bank info, tracking # and account #, if I wanted it direct deposited.

It did not show when I can expect to get it. Maybe it will in a day or two.
 
Yeah .. Had to pay in for the first time last year (2018). Just filed for 2019 Monday, fortunately getting refunds (state/federal). Guessing the stimulus $$ will come soon since the federal return was just approved.
 
I receive Military retirement and SS and both are direct deposit BUT I pay my taxes with a check and haven't filled yet this year. AND mine says "They Cannot Determine my eligibility " If they send it I would use it to pay my taxes NOW BUT if I don't I'm going to wait till 15 JUL to file.
 
Sarge707 said:
I receive Military retirement and SS and both are direct deposit BUT I pay my taxes with a check and haven't filled yet this year. AND mine says "They Cannot Determine my eligibility " If they send it I would use it to pay my taxes NOW BUT if I don't I'm going to wait till 15 JUL to file.
Click to expand...
Did you file 2018 with paper or e-file? I filed 2018 & 2019 by e-file and had the tax due taken out of my checking account electronically. I still had to fill out the second form on the Get My Payment page giving the direct deposit info. It now says I'm eligible but does not yet have a payment date, so I must be in a second layer of people to be taken care of. Since you paid by paper check you may be in a third level, below the one I'm in. Who knows how many computer systems our tax info is stored in. Must be something like, "Oh, you're Room 1. We'll take care of you now. We'll take care of Room 2 next. We haven't had a chance to even think about Room 3, or 4, or 5, or.....
 
I paid taxes by check. The news story on it says they will eventually get around to sending out the checks to people who are on social security and have their ss checks direct deposited if they don't have direct deposit information from the IRS. . I am not gonna worry about it for now. Eventually they will get around to it.
 
I am another one who's eligibility cannot be determined. Owed money in 2018 so no direct deposit there. Recently filed the 2019 and they owe me a refund. However, since last year, I moved from AK and changed my banking to AR.

We both get SS and have direct deposit in our AR accts. The latest I was able to find out was that we should be getting the stimulus checks by direct deposit since we also get our SS that way.

No time period given...but, I am guessing that may take up to another month. ????????



:bbq: :bbq: :bbq:
 
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