Author Topic: Stimulus Checks  (Read 130498 times)

Online zh cohen

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Re: Stimulus Checks
« Reply #880 on: March 13, 2021, 10:19:13 PM »
Can you explain?

90 days after the tax deadline they will be checking to see if anyone got less than they were supposed to. If they did, they will send the difference then.

Offline Luvisrael

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Re: Stimulus Checks
« Reply #881 on: March 13, 2021, 10:20:57 PM »

Offline avromie7

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Re: Stimulus Checks
« Reply #882 on: March 14, 2021, 01:31:20 PM »
I wonder what people who type "u" instead of "you" do with all their free time.

Online etech0

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Re: Stimulus Checks
« Reply #883 on: March 14, 2021, 01:39:21 PM »
-1, mine was already there last night.
+1
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Offline Sammy82

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Re: Stimulus Checks
« Reply #884 on: March 14, 2021, 02:03:45 PM »
Is the 75k/150 income limit regardless of how many dependents one has? If I have make 155k but have 3 kids (and a wife), will I still get the full amount or will it be less since I am over the $150k limit?

Online cgr

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Re: Stimulus Checks
« Reply #885 on: March 14, 2021, 02:28:34 PM »
Is the 75k/150 income limit regardless of how many dependents one has? If I have make 155k but have 3 kids (and a wife), will I still get the full amount or will it be less since I am over the $150k limit?
Regardless of dependants.
MFJ with 0 dependants and earning $150k gets the full thing.
MFJ with 10 dependants and earning $160k gets 0.

Online AsherO

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Re: Stimulus Checks
« Reply #886 on: March 14, 2021, 02:54:34 PM »
Regardless of dependants.
MFJ with 0 dependants and earning $150k gets the full thing.
MFJ with 10 dependants and earning $160k gets 0.

Which is likelier to vote D? :P
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Offline incendia

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Re: Stimulus Checks
« Reply #887 on: March 14, 2021, 03:20:48 PM »
Is the 75k/150 income limit regardless of how many dependents one has? If I have make 155k but have 3 kids (and a wife), will I still get the full amount or will it be less since I am over the $150k limit?

Look at 1040 Schedule 1 Part 2 and see if you can get anything there.

If you or your wife got UI benefits you might already be under the limit

Offline S209

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Online Kobe Bryant

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Re: Stimulus Checks
« Reply #889 on: March 14, 2021, 08:27:14 PM »
Is the 75k/150 income limit regardless of how many dependents one has? If I have make 155k but have 3 kids (and a wife), will I still get the full amount or will it be less since I am over the $150k limit?
You can lower AGI by funding an IRA.

Offline incendia

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Re: Stimulus Checks
« Reply #890 on: March 14, 2021, 08:31:26 PM »
You can lower AGI by funding an IRA.

Looks like they are above the phase out for that

Offline Sammy82

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Re: Stimulus Checks
« Reply #891 on: March 14, 2021, 09:04:19 PM »
You can lower AGI by funding an IRA.
didn't file 2020 taxes yet. And I'm scheduled to get my few shekels later this week so I'm figuring it's too late to file and make a difference. Although if anybody has reason to think it will make a difference, I'll file tomorrow or Tuesday.

Online zh cohen

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Re: Stimulus Checks
« Reply #892 on: March 14, 2021, 09:23:57 PM »
didn't file 2020 taxes yet. And I'm scheduled to get my few shekels later this week so I'm figuring it's too late to file and make a difference.

If you qualify after filing, you'll get it sometime between July 15th and Sept. 1st.

Offline eis517

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Re: Stimulus Checks
« Reply #893 on: March 14, 2021, 09:27:44 PM »
If you qualify after filing, you'll get it sometime between July 15th and Sept. 1st.

Source? My 2019 AGI was high, and I got laid off in early 2020, so my 2020 will be much lower and then I would qualify. I have been wondering if/when they would see that and I would get the stimulus?

Online cgr

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Re: Stimulus Checks
« Reply #894 on: March 14, 2021, 09:29:18 PM »
Source? My 2019 AGI was high, and I got laid off in early 2020, so my 2020 will be much lower and then I would qualify. I have been wondering if/when they would see that and I would get the stimulus?
The American Rescue Plan Act.
They included a provision in the bill that the IRS/Treasury must do a second disbursement later in the year based on newly filed returns.

Online zh cohen

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Re: Stimulus Checks
« Reply #895 on: March 14, 2021, 09:29:51 PM »
Source?

They're going to make a second round of payments sometime between July and September based on the difference owed for those that had their payment based on 2019 and are eligible for more based on 2020.

Offline Sport

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Re: Stimulus Checks
« Reply #896 on: March 14, 2021, 09:56:37 PM »
You can lower AGI by funding an IRA.
You sure?

Online cholent

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Re: Stimulus Checks
« Reply #897 on: March 14, 2021, 11:25:36 PM »

I just mailed in my 2019 return last week. Will I get the stimulus payment once it's processed or only based on whether I qualify on my 2020 return?

And philosophical question, why weren't Jewish organizations lobbying to have AGI adjusted based on number of dependents? Speaking as someone who was hit very hard by this.
Don't ask stupid questions and you won't get stupid answers

Online cgr

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Re: Stimulus Checks
« Reply #898 on: March 14, 2021, 11:41:56 PM »
I just mailed in my 2019 return last week.
Just wondering- why would you mail instead of efile?
They're currently a few months behind in processing mailed returns.

Online cholent

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Re: Stimulus Checks
« Reply #899 on: March 14, 2021, 11:46:54 PM »
Just wondering- why would you mail instead of efile?
They're currently a few months behind in processing mailed returns.
Because you apparently can't efile 2019 anymore if it wasn't done by a CPA
Don't ask stupid questions and you won't get stupid answers