U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-09-2020, 05:33 PM
 
8,311 posts, read 7,499,676 times
Reputation: 3963

Advertisements

How do you get your stimulus check?

I read this article, and you dont have to apply. Govt will automatically do it. Which means, they will miss a lot of people. Also its suppose to be $2tril. And max is suppose to be $1200/person. If say population is 400mil, than most we need is about $480bil, but of course not everyone is getting that. Household with kids will get $500/kid. Couples will get pretty much the same per person. If you earn in income, over certain amount you will get nothing.

Seems like $2tril is a bit excessive. I have not found any articles regarding businesses getting stimulus.

https://www.businessinsider.com/pers...-crisis-2020-3

https://www.azcentral.com/story/mone...ns/2957067001/

Anyone hear anything about business.

I just worried govt missed me. What if you own assets? How will that count against you getting free money?

Last edited by NJ Brazen_3133; 04-09-2020 at 06:42 PM.. Reason: grammar
Reply With Quote Quick reply to this message

 
Old 04-09-2020, 05:55 PM
 
1,533 posts, read 725,926 times
Reputation: 2007
Quote:
Originally Posted by NJ Brazen_3133 View Post
How do you get your stimulus check?

I read this article, and you dont have to apply. Govt will automatically do it. Which means, they will miss a lot of people. Also its suppose to be $2tril. And max is suppose to be $1200/person. If say population is 400mil, than most we need is about $480bil, but of course not everyone is getting that. Household with kids will get $500/kid. Couples will get pretty much the same per person. If you earn in income, over certain amount you will get nothing.

Seems like $2tril is a bit excessive. I have not found any articles regarding businesses getting stimulus.

https://www.businessinsider.com/pers...-crisis-2020-3

https://www.azcentral.com/story/mone...ns/2957067001/

Anyone hear anything about business.

I just worried govt missed me. What if you own assets? How will that count against you getting free money?
They're sending payments to (1) all taxpayers that qualify that have filed in 2018 or 2019, or (2) Social Security recipients or Railroad retirees that aren't included in group (1).

If somehow you don't make it into these 2 categories and you qualify for a payment, you can still get the money by filing a 2020 tax return and claiming the refundable credit.
Reply With Quote Quick reply to this message
 
Old 04-09-2020, 06:01 PM
 
7,876 posts, read 3,824,760 times
Reputation: 20717
Quote:
Originally Posted by SuiteLiving View Post
They're sending payments to (1) all taxpayers that qualify that have filed in 2018 or 2019, or (2) Social Security recipients or Railroad retirees that aren't included in group (1).

If somehow you don't make it into these 2 categories and you qualify for a payment, you can still get the money by filing a 2020 tax return and claiming the refundable credit.
I think it's a 2019 tax return. Since we are barely thru the first quarter of 2020 .

Otherwise the stimulus package amount also included bailing out the airlines and funding states with lower funds in unemployment pay structure . Since some states are clearly undercutting a citizen in compensation. I can't imagine only getting 25% of my regular income ...yet some states do.just that.

Other parts of this stimulus will help small business...
Reply With Quote Quick reply to this message
 
Old 04-10-2020, 08:28 AM
 
1,533 posts, read 725,926 times
Reputation: 2007
Quote:
Originally Posted by Nov3 View Post
I think it's a 2019 tax return. Since we are barely thru the first quarter of 2020 .

Otherwise the stimulus package amount also included bailing out the airlines and funding states with lower funds in unemployment pay structure . Since some states are clearly undercutting a citizen in compensation. I can't imagine only getting 25% of my regular income ...yet some states do.just that.

Other parts of this stimulus will help small business...
The credit is available on the 2020 tax return. Payments being received now will reduce the amount of the credit allowed on the 2020 tax return.

Here's the statute


SEC. 6428. 2020 RECOVERY REBATES FOR INDIVIDUALS.
(a) IN GENERAL.—In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by subtitle A for the first taxable year beginning in 2020 an amount equal to the sum of...
Reply With Quote Quick reply to this message
 
Old 04-10-2020, 10:03 AM
 
1,533 posts, read 725,926 times
Reputation: 2007
Non-Filers: Enter Your Payment Info Here
If you don’t file taxes, use the "Non-Filers: Enter Your Payment Info Here" application to provide simple information so you can get your payment.

You should use this application if:

You did not file a 2018 or 2019 federal income tax return because your gross income was under $12,200 ($24,400 for married couples). This includes people who had no income. Or
You weren’t required to file a 2018 or 2019 federal income tax return for other reasons
If you receive these benefits, we already have your information and you will receive $1,200. Do not use this application if you receive:

Social Security retirement benefits
Social Security Disability Insurance benefits
Railroad Retirement and Survivor Benefits
Special note: People in these groups who have qualifying children under age 17 can use this application to claim the $500 payment per child.

https://www.irs.gov/coronavirus/non-...ment-info-here
Reply With Quote Quick reply to this message
 
Old 04-10-2020, 11:50 AM
 
1,771 posts, read 867,377 times
Reputation: 2194
Dear above post, thank you!
Reply With Quote Quick reply to this message
 
Old 04-11-2020, 12:08 AM
 
Location: Houston
2,455 posts, read 904,409 times
Reputation: 2152
Quote:
Originally Posted by Nov3 View Post
I think it's a 2019 tax return. Since we are barely thru the first quarter of 2020 .

Otherwise the stimulus package amount also included bailing out the airlines and funding states with lower funds in unemployment pay structure . Since some states are clearly undercutting a citizen in compensation. I can't imagine only getting 25% of my regular income ...yet some states do.just that.

Other parts of this stimulus will help small business...
He’s talking about someone who is UNDER the income limits in 2020. The taxpayer files Tax year 2020 app in 2021 to receive a refundable credit for the $1,200.
Reply With Quote Quick reply to this message
 
Old 04-11-2020, 05:18 AM
 
Location: Mount Airy, Maryland
12,052 posts, read 6,823,793 times
Reputation: 19306
Most everyone in a local Facebook group I participate in got theirs, it clears on the 15th. We didn't get ours yet so a bit of concern.
Reply With Quote Quick reply to this message
 
Old 04-11-2020, 05:22 AM
 
3,069 posts, read 2,455,531 times
Reputation: 7687
Quote:
Originally Posted by DaveinMtAiry View Post
Most everyone in a local Facebook group I participate in got theirs, it clears on the 15th. We didn't get ours yet so a bit of concern.
I think they start sending the money out on the 13th. You know people that got theirs already?
Reply With Quote Quick reply to this message
 
Old 04-11-2020, 05:29 AM
 
Location: Pennsylvania
16,280 posts, read 5,612,964 times
Reputation: 13075
Illegal immigrants are out of luck.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top