Big Sage, SASS #49891 Life Posted January 1, 2021 Share Posted January 1, 2021 Checked my online bank statement this morning and $1,200 showed up, $600 each for me & the missus. Man that was fast,,.................. Link to comment Share on other sites More sharing options...
Ozark Huckleberry Posted January 1, 2021 Share Posted January 1, 2021 Yep. Used to be the ink had to dry. Now it’s push a button and presto! Instant money. Link to comment Share on other sites More sharing options...
Yul Lose Posted January 1, 2021 Share Posted January 1, 2021 We got ours too. Link to comment Share on other sites More sharing options...
Badlands Bob #61228 Posted January 1, 2021 Share Posted January 1, 2021 Don't run too far with that money. They are going to want it back on April 15th. Link to comment Share on other sites More sharing options...
Big Sage, SASS #49891 Life Posted January 1, 2021 Author Share Posted January 1, 2021 3 minutes ago, Badlands Bob #61228 said: Don't run too far with that money. They are going to want it back on April 15th. I doubt if anyone will receive a 1099 for this or the other money we received. In any case, the first $$$ we received was donated to a non-profit, so it can be deducted as a legit charitable contribution. This $$$ will also be donated to a non-profit. Link to comment Share on other sites More sharing options...
Blackwater 53393 Posted January 1, 2021 Share Posted January 1, 2021 Got ours this morning too!! Schoolmarm is busy paying bills with it!! Figured we could pay off some of those little annoying things now and enjoy a little breathing room with Christmas paid for early!! Link to comment Share on other sites More sharing options...
Cypress Sun Posted January 1, 2021 Share Posted January 1, 2021 Congrats on the quick "free" money. I haven't checked my bank yet so I don't know if the so called stimulus money is there yet or not. I do wonder if the others in line for the money got theirs so quick. You know....... 85 million to Cambodia 134 million to Burma 1.3 billion to Egypt (so they can buy Russian military equipment) 25 million to Pakistan 505 million to Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama 130 million to Nepal 1.4 billion to the Asia Reassurance Initiative Act 700 million to Sudan 40 million to the Kennedy Center 154 million to the National Gallery Of Art 1 billion to the Smithsonian _____________________________________________ Approximate total 5.47 billion Meanwhile everyday Joe American received $600.00 each (as long as they made less that $75,000 in 2019). So much pork crap has been added to the new bill to increase the payments to $2,000 that I doubt that it will ever happen. Sorry folks, $600 isn't enough for most people to dig themselves out of the hole that others dug. I'll remember this when the next election comes around....I'll remember. Link to comment Share on other sites More sharing options...
Smoken D Posted January 1, 2021 Share Posted January 1, 2021 47 minutes ago, Cypress Sun said: Congrats on the quick "free" money. I haven't checked my bank yet so I don't know if the so called stimulus money is there yet or not. I do wonder if the others in line for the money got theirs so quick. You know....... 85 million to Cambodia 134 million to Burma 1.3 billion to Egypt (so they can buy Russian military equipment) 25 million to Pakistan 505 million to Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama 130 million to Nepal 1.4 billion to the Asia Reassurance Initiative Act 700 million to Sudan 40 million to the Kennedy Center 154 million to the National Gallery Of Art 1 billion to the Smithsonian _____________________________________________ Approximate total 5.47 billion Meanwhile everyday Joe American received $600.00 each (as long as they made less that $75,000 in 2019). So much pork crap has been added to the new bill to increase the payments to $2,000 that I doubt that it will ever happen. Sorry folks, $600 isn't enough for most people to dig themselves out of the hole that others dug. I'll remember this when the next election comes around....I'll remember. That is how the kick-backs to congress works. 25 million to Pakistan for sexual orientation study where it actually goes into an off shore bank account after going to Pakistan. Then distributed to certain congressmen and remains untraceable. System is more complicated than this, but you get it. Link to comment Share on other sites More sharing options...
sassnetguy50 Posted January 1, 2021 Share Posted January 1, 2021 1 hour ago, Badlands Bob #61228 said: Don't run too far with that money. They are going to want it back on April 15th. No, stimulus payments are not taxable. A lot of the other aid is. IRS: “No, the payment is not income and taxpayers will not owe tax on it. The payment will not reduce a taxpayer's refund or increase the amount they owe when they file their 2020 tax return next year. A payment also will not affect income for purposes of determining eligibility for federal government assistance or benefit programs." They go on to say if they missed you, you’ll get your payment in the ford of a refundable tax credit. If they paid you when you don’t qualify, their mistake and you don’t have to pay it back. Link to comment Share on other sites More sharing options...
Anvil Al #59168 Posted January 1, 2021 Share Posted January 1, 2021 Yep We got some of OUR money back today also. They way they waste our tax dollars makes me sick. Link to comment Share on other sites More sharing options...
Injun Ryder, SASS #36201L Posted January 1, 2021 Share Posted January 1, 2021 Got one too but I can't spend it yet as the statement has it dated 1/4/21! Link to comment Share on other sites More sharing options...
DeaconKC Posted January 1, 2021 Share Posted January 1, 2021 Ours showed up this morning. New stove for the kitchen next week. Link to comment Share on other sites More sharing options...
Widder, SASS #59054 Posted January 1, 2021 Share Posted January 1, 2021 YEP, mine and The Bunkhouse Boss got ours on the 30th. No problem..... They'll get it back on April 15th...... and then some. ..........Widder Link to comment Share on other sites More sharing options...
Rye Miles #13621 Posted January 1, 2021 Share Posted January 1, 2021 1 hour ago, sassnetguy50 said: No, stimulus payments are not taxable. A lot of the other aid is. IRS: “No, the payment is not income and taxpayers will not owe tax on it. The payment will not reduce a taxpayer's refund or increase the amount they owe when they file their 2020 tax return next year. A payment also will not affect income for purposes of determining eligibility for federal government assistance or benefit programs." They go on to say if they missed you, you’ll get your payment in the ford of a refundable tax credit. If they paid you when you don’t qualify, their mistake and you don’t have to pay it back. You beat me to it!! Link to comment Share on other sites More sharing options...
Larsen E. Pettifogger, SASS #32933 Posted January 1, 2021 Share Posted January 1, 2021 And next year when the tax increases are passed you will pay $1,200.00 back. Link to comment Share on other sites More sharing options...
Badlands Bob #61228 Posted January 1, 2021 Share Posted January 1, 2021 20 minutes ago, Larsen E. Pettifogger, SASS #32933 said: And next year when the tax increases are passed you will pay $1,200.00 back. Yep, that's the way it works. Link to comment Share on other sites More sharing options...
Matthew Duncan Posted January 1, 2021 Share Posted January 1, 2021 Don't y'all find it a bit scary how the Government knows y'alls bank account and can put money into without y'alls permission? Link to comment Share on other sites More sharing options...
Buckshot Bob Posted January 1, 2021 Share Posted January 1, 2021 3 minutes ago, Matthew Duncan said: Don't y'all find it a bit scary how the Government knows y'alls bank account and can put money into without y'alls permission? I think it’s just if you have had your tax refund direct deposited in the past . I know people who received checks for the last one Link to comment Share on other sites More sharing options...
sassnetguy50 Posted January 1, 2021 Share Posted January 1, 2021 10 minutes ago, Buckshot Bob said: I think it’s just if you have had your tax refund direct deposited in the past . I know people who received checks for the last one Correct, the document you signed for 2019 tax return to epay allows them to do it. Link to comment Share on other sites More sharing options...
Capt. James H. Callahan Posted January 1, 2021 Share Posted January 1, 2021 13 minutes ago, Buckshot Bob said: I think it’s just if you have had your tax refund direct deposited in the past . I know people who received checks for the last one Last time we got a debit/credit card. JHC Link to comment Share on other sites More sharing options...
Buckshot Bob Posted January 1, 2021 Share Posted January 1, 2021 2 minutes ago, Capt. James H. Callahan said: Last time we got a debit/credit card. JHC First I’ve heard of that . But as long as you get it I guess it doesn’t matter . Saw a meme the other day that all of us in Mi were getting 50% off coupons for the restaurants we can’t eat out at Link to comment Share on other sites More sharing options...
Red Gauntlet , SASS 60619 Posted January 1, 2021 Share Posted January 1, 2021 57 minutes ago, Matthew Duncan said: Don't y'all find it a bit scary how the Government knows y'alls bank account and can put money into without y'alls permission? Not too scary if your Social Security check is direct deposited, or if your tax refunds are. That's how they know-- you told them. Link to comment Share on other sites More sharing options...
Capt. James H. Callahan Posted January 1, 2021 Share Posted January 1, 2021 It was a little screwy. It said DEBIT big as Dallas, but some places you had to run it as a credit. Whatever....it worked until used up. Thought it was junk mail at first, almost threw it away! JHC Link to comment Share on other sites More sharing options...
Larsen E. Pettifogger, SASS #32933 Posted January 1, 2021 Share Posted January 1, 2021 27 minutes ago, Capt. James H. Callahan said: It was a little screwy. It said DEBIT big as Dallas, but some places you had to run it as a credit. Whatever....it worked until used up. Thought it was junk mail at first, almost threw it away! JHC That's the way most welfare (oops! Excuse me, public assistance) programs work. They no longer mail checks they issue cards and recharge them each month. Works almost as well as mail-in voting. Link to comment Share on other sites More sharing options...
Rye Miles #13621 Posted January 1, 2021 Share Posted January 1, 2021 2 hours ago, Larsen E. Pettifogger, SASS #32933 said: And next year when the tax increases are passed you will pay $1,200.00 back. Not me I don't make enough! Link to comment Share on other sites More sharing options...
Kid Rich Posted January 2, 2021 Share Posted January 2, 2021 I don't think I will be paying any income tax this year. kR Link to comment Share on other sites More sharing options...
Texas Joker Posted January 2, 2021 Share Posted January 2, 2021 17 hours ago, Matthew Duncan said: Don't y'all find it a bit scary how the Government knows y'alls bank account and can put money into without y'alls permission? How do you think they lock it down when you get nailed by Uncle Sam? I have processed more than my share if IRS notices when I was a payroll manager. The tax divisions of the government are the only entities that can exceed 25% garnishment guidelines. IRS locks down your accounts and garnishes your paycheck till back owed is paid up. Link to comment Share on other sites More sharing options...
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