Author Topic: Stimulus Checks  (Read 63443 times)

Offline cgr

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Re: Stimulus Checks
« Reply #540 on: December 20, 2020, 07:20:38 PM »
Would child that was born in 2020 after the first stimulus package was passed, be eligible for the $500?
Yes. Stimulus amounts received and due will be reconciled on the 2020 tax return. If you have more eligible dependents than the cash you received, you'll get the difference then.

Offline yesitsme

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Re: Stimulus Checks
« Reply #541 on: December 20, 2020, 09:23:49 PM »
Yes. Stimulus amounts received and due will be reconciled on the 2020 tax return. If you have more eligible dependents than the cash you received, you'll get the difference then.
And if you got to much? They'll take it back?

Offline iluv2travel

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Re: Stimulus Checks
« Reply #542 on: December 20, 2020, 09:36:56 PM »
And if you got to much? They'll take it back?

No

Offline Kobe Bryant

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Re: Stimulus Checks
« Reply #543 on: December 28, 2020, 07:03:00 PM »
The House voted Monday to increase COVID-19 relief checks to $2,000, meeting President Donald Trumpís demand for bigger payments and sending the bill to the GOP-controlled Senate, where the outcome is uncertain.

Democrats led passage, 275-134, their majority favoring additional assistance. They had settled for smaller $600 payments in a compromise with Republicans over the big year-end relief bill Trump reluctantly signed into law.

The vote divides Republicans who mostly resist more spending. But many House Republicans joined in support, despite being wary of bucking the president. Senators are set to return to session Tuesday to consider the measure.


Offline Mf1

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Re: Stimulus Checks
« Reply #544 on: December 28, 2020, 07:35:23 PM »
How much per child in the house's 2000 bill?

Online AsherO

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Re: Stimulus Checks
« Reply #545 on: December 28, 2020, 07:36:32 PM »
How much per child in the house's 2000 bill?

No change from the $600/child in the bill Trump signed.
« Last Edit: December 28, 2020, 07:49:59 PM by AsherO »

Offline lubaby

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Re: Stimulus Checks
« Reply #546 on: December 28, 2020, 07:43:58 PM »
No change from the $600/child in the bill trump signed.
FTFY

Online AsherO

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Re: Stimulus Checks
« Reply #547 on: December 28, 2020, 07:51:05 PM »
FTFY

Youíre right. I wrote $600, then googled and corrected to $500. $500 was the amount last time around, this time itís $600 for both adults and children unless the adult amount is upped to $2000 in the senate.

Offline cholent

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Re: Stimulus Checks
« Reply #548 on: December 28, 2020, 08:19:05 PM »
Is the 150k per couple limit to qualify for stimulus adjusted based on number of dependents or it's a hard limit?

If I didn't file 2019 taxes yet will I still get a second stimulus check based on my 2018 taxes?
Don't ask stupid questions and you won't get stupid answers

Offline Kobe Bryant

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Re: Stimulus Checks
« Reply #549 on: December 28, 2020, 08:25:05 PM »
Is the 150k per couple limit to qualify for stimulus adjusted based on number of dependents or it's a hard limit?

If I didn't file 2019 taxes yet will I still get a second stimulus check based on my 2018 taxes?
From what I understand, hard limit. and the IRS is basing off the best available data, in your case 2018.

Offline iluv2travel

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Re: Stimulus Checks
« Reply #550 on: December 28, 2020, 10:43:08 PM »
From what I understand, hard limit. and the IRS is basing off the best available data, in your case 2018.

According to this post it does get adjusted for children.

https://www.dansdeals.com/more/coronavirus/coronavirus-stimulus-benefits-house-senate-now-voting/

"The checks will be phased out for single filers making more than $75,000 and married filers making more than $150,000 AGI. That amount is phased out at a rate of $5 per $100 of income until a single filer makes $87,000 or a married couple without children makes $174,000, at which point it is completely phased out. The phaseout with children will be $12,000 higher per child, so a couple with 2 kids will phase out completely at $198,000. A couple with 4 kids will phase out completely at $222,000."

Offline mordechain

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Re: Stimulus Checks
« Reply #551 on: December 28, 2020, 10:46:58 PM »
Does the current house bill raise the amount for Children as well?

Offline yesitsme

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Re: Stimulus Checks
« Reply #552 on: December 28, 2020, 10:47:25 PM »
Yes

Offline mordechain

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Re: Stimulus Checks
« Reply #553 on: December 28, 2020, 10:48:10 PM »
How much?

Offline PlatinumGuy

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Re: Stimulus Checks
« Reply #554 on: December 28, 2020, 10:48:41 PM »
Hi much?
Same as adults 600 to 2000. Democrats aren't so evil anymore are they?
״וזה כלל גדול: שישנא אדם כל דבר שקר. וכל מה שיוסיף שנאה לדרכי השקר Ė יוסיף אהבה לתורה.״ - אורחות צדיקים

Offline mordechain

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Re: Stimulus Checks
« Reply #555 on: December 28, 2020, 10:50:19 PM »
If Mitch sits on this, and it costs him the Georgia run offs, can we expect a juicy welcome gift from Uncle Joe?

Offline aygart

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Re: Stimulus Checks
« Reply #556 on: December 28, 2020, 10:53:07 PM »
Same as adults 600 to 2000. Democrats aren't so evil anymore are they?
I would hope that anyone who is against handouts would be against this to even if they may be happy to get it. But then again, Trump pushed it so you never know.
Feelings don't care about your facts

Offline yesitsme

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Re: Stimulus Checks
« Reply #557 on: December 28, 2020, 10:56:37 PM »
If Mitch sits on this, and it costs him the Georgia run offs, can we expect a juicy welcome gift from Uncle Joe?
It will cost us much more then those checks, we will pay with checks and balances

Online AsherO

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Re: Stimulus Checks
« Reply #558 on: December 28, 2020, 10:59:10 PM »
I would hope that anyone who is against handouts would be against this to even if they may be happy to get it. But then again, Trump pushed it so you never know.

Totally, but if the money will get printed and our grandkids will pay (if America still exists by then) I might as well take my crumbs of the pie.

It will cost us much more then those checks, we will pay with checks and balances

Nicely pun.

Offline PlatinumGuy

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Re: Stimulus Checks
« Reply #559 on: December 28, 2020, 10:59:40 PM »
If Mitch sits on this, and it costs him the Georgia run offs, can we expect a juicy welcome gift from Uncle Joe?
If the D's win GA, I'm pretty sure the bill will pass on Jan 7. It would be funny to see Trump veto a bill he pushed for though it will pass again on Jan 20. It's a huge deal for Democrat voters who aren't otherwise interested in politics.
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