Coronavirus Stimulus Aid Package

[carrentals]

@crg Will the 10,200 unemployment that is not taxable be counted as income for the EITC?

[Mordyk]

Kimche depische can shut down this year if it funds before Pesach.

I totally agree.  I would say for over 90% of the population they should have had a better year financially because of covid.

[Euclid]

I totally agree.  I would say for over 90% of the population they should have had a better year financially because of covid.

90% of our community made less than $150k in 2020? (I assume that's who @Moshe123 is referring to)

[Moshe123]

90% of our community made less than $150k in 2020? (I assume that's who @Moshe123 is referring to)

Do the ones who made more need kimcha depischa?

[EliJelly]

90% of our community made less than $150k in 2020? (I assume that's who @Moshe123 is referring to)

Kimcha d'pischa recipients have had a better year

[Moshe123]

People who lost their jobs likely still need the help, but this helps a lot.

[Euclid]

Do the ones who made more need kimcha depischa?

Ah you meant 90% of the kimcha dpischa population

[YitzyS]

Kimcha D'pischa should do a massive fundraising event this year, so that they can disburse the money next year, perhaps to the same people who give them their maaser this year...

[TBD]

What income amount will be the cutoff line for increased child tax credit?

[Kobe Bryant]

https://www.google.com/amp/s/www.washingtonpost.com/us-policy/2021/03/05/stimulus-explainer-basics-checks-unemployment-taxes-spending/%3foutputType=amp

[Kobe Bryant]

What income amount will be the cutoff line for increased child tax credit?

“Under the plan Democrats unveiled Monday, most American parents would receive $3,000 a year for every child ages 6 to 17 and $3,600 a year for every child under age 6. The idea is to send a monthly payment of $250 to $300 to help offset costs families face all year instead of just giving a one-time annual payment.
This would be a major expansion of the child tax credit, which currently provides $2,000 a year for children from birth through age 16. Biden’s plan would expand the tax credit for only one year, but senior Democrats have said they will seek to make the expansion permanent later this year.”

[avromie7]

Do the ones who made more need kimcha depischa?

You'd be surprised how little 150k is when you have a decent size family. It can leave someone just barely in the middle class, not eligible for any government programs and unable to cover their expenses.

[etech0]

You'd be surprised how little 150k is when you have a decent size family. It can leave someone just barely in the middle class, not eligible for any government programs and unable to cover their expenses.

Especially when not sending to public school (free)

[Mordyk]

So then the over $150k probably are business owners that got ppp1, ppp2, eidl, eidl advance, Local grants, etc.

[Moshe123]

So then the over $150k probably are business owners that got ppp1, ppp2, eidl, eidl advance, Local grants, etc.

Not at all

[avromie7]

So then the over $150k probably are business owners that got ppp1, ppp2, eidl, eidl advance, Local grants, etc.

No they're usually not, they're the accountant who shlepps from Lakewood to Manhattan every day (pre-COVID).

[whacked1]

So then the over $150k probably are business owners that got ppp1, ppp2, eidl, eidl advance, Local grants, etc.

I cant -1 enough....

[YitzyS]

I cant -1 enough....

Maybe ask @yesitsme to help

[aygart]

You'd be surprised how little 150k is when you have a decent size family. It can leave someone just barely in the middle class, not eligible for any government programs and unable to cover their expenses.

And then comes making chasunas

[YesThatsMe]

Cut it out. The American Charedim have never been is such great financial shape as they were/are in since Covid began. Unemployment to the masses, EIDL's, PPP X 2, Stimmies X 3, rent relief, retail grants, 2% refi's, soaring stock market, the list goes on. Maybe those at the top got more, but boy did we have a trickle down. Ask the guys who deal in silver, jewelry, and watches, and talk to any leasing guy and resi RE broker and the million mortgage officers that popped up like mushrooms after the rain. Don't cancel Kimcha D'Pischa, there are families who can use a few $K extra now, but everyone's the better for Covid economic relief, which sort of went overboard. Hashem should only help we keep the momentum into the back-to-normal.