Coronavirus Stimulus Payment - How will you receive yours?

 

The coronavirus stimulus relief bill offers direct cash payments of up to $1,200 for individuals and $2,400 for couples, with $500 added for every child, based on 2019 tax returns for those who filed them and 2018 information if they have not. The benefit begins to phase out for individuals making $75,000 in income and ends completely for those making $99,000 or more. Most of these payments will be by direct deposit. How will you receive yours?

If you file your federal taxes online, which nearly 90% of the people do, you will receive your stimulus payment by direct deposit in approximately 3 weeks but only 'if' you have provided the routing number of your checking account in the online tax software program (e.g. TurboTax, etc.) you use. If you use an accountant to do your federal taxes you most likely have provided your checking account routing number, but not necessarily. If you file your federal taxes by mailing-in your paper return (even if a software program is used to do it) and have elected not to provide the routing number of your checking account, your paper check could take 3 months or longer to arrive in the mail. Seniors that receive their Social Security payments by direct deposit will have their stimulus payment direct deposited just like their Social Security benefit payment.

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Politicians and Diapers must be changed often for the exact same reason...

Direct Deposit

I love direct deposit...

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Mary, Nuvi 2450, Garmin Viago, Honda Navigation, Nuvi 750 (gave to son)

Fraud To Soon Follow

It is quite unfortunate that this good intention will soon be subverted by opportunists. Stay tuned.

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Garmin Nuvi650 - Morehead City, NC

Being retired, I don't expect to qualify.

But if I get any of it, I will give it to my kids who are now out of work and really need it badly.

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Alan - Android Auto, DriveLuxe 51LMT-S, DriveLuxe 50LMTHD, Nuvi 3597LMTHD, Oregon 550T, Nuvi 855, Nuvi 755T, Lowrance Endura Sierra, Bosch Nyon

2018 taxes

I heard on the local news you'll receive your stimulus check in the same manner as your 2018 refund, assuming you both filed and got a refund in 2018.

I have a tax guy do my return electronically but have them send a paper check, so mine will come in the mail.

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. 2 Garmin DriveSmart 61 LMT-S, Nuvi 2689, 2 Nuvi 2460, Zumo 550, Zumo 450, Uniden R3 radar detector with GPS built in, includes RLC info. Uconnect 430N Garmin based, built into my Jeep. .

I got a refund in 2018

I got a refund in 2018 direct deposited to my account. Let's see if I get it in April. I owe them in 2019.

Retired? So?

alandb wrote:

But if I get any of it, I will give it to my kids who are now out of work and really need it badly.

Being retired has nothing to do with it. You'll get the money.

Phil

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Phil in Mentor, Ohio -- Garmin Nuvi 1450

If you receive Social Security benefit payments you'll receive

alandb wrote:

Being retired, I don't expect to qualify. But if I get any of it, I will give it to my kids who are now out of work and really need it badly.

If you receive Social Security benefit payments you'll receive the stimulus payment even if you didn't file a tax return for 2018 or 2019 or pay taxes in those years. You are still eligible if you received a Form SSA-1099 for the year 2019. The SSA-1099 form is the IRS form that the Social Security Administration sends each year to people who receive Social Security benefits, including retirement and disability.

I can't imagine why you think you wouldn't receive a stimulus payment.

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Politicians and Diapers must be changed often for the exact same reason...

imho

people don't realize that discussing this topic (not here we don't know each other) is really revealing something about their personal finances.

Most people I know would get $0. It doesn't take much for that to happen. Basically, earn $75,000 or less as a single person, or $150,000 as a married couple. If I have this wrong, by all means, correct me.

When you figure a new Ford Explorer costs $60,000, it wouldn't make a whole lot of sense that a person bought that car and earns $75k/yr., or a family 150k.

If anyone asks you this question that you know, my recommendation is to say I'll look into it.

There is a phase out from $150k to $200k married. A pretty bad one.

Think about it. Some parents spend $10k/yr just for a kid's soccer clubs. Is it fathomable that a family earning < $150k does that? Now factor in how many soccer club logos you see on cars driving around in the suburbs.

you

alandb wrote:

But if I get any of it, I will give it to my kids who are now out of work and really need it badly.

You will. Assuming your income was < $75k single or < 150k married.

numbers

johnnatash4 wrote:

You will. Assuming your income was < $75k single or < 150k married.

Those are the numbers for the maximum amount to be given, from that point the stimulus check gets smaller but you can still get one.

Quote:

Who’s eligible for a check from the government?

Congress will spend about $250bn for checks up to $1,200 per person that will go directly to taxpayers.

To be eligible for the full amount, a person’s most recently filed tax return must show that they made $75,000 or under. For couples, who can receive a maximum of $2,400, the cutoff is $150,000.

If a person makes more than $75,000, the amount given goes down incrementally by $5 for every $100 increase in salary. So a person who makes $85,000 would get $700 while a person who makes $95,000 would get $200.

If a person makes above $99,000, or a couple makes above $198,000, no check will be given.

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. 2 Garmin DriveSmart 61 LMT-S, Nuvi 2689, 2 Nuvi 2460, Zumo 550, Zumo 450, Uniden R3 radar detector with GPS built in, includes RLC info. Uconnect 430N Garmin based, built into my Jeep. .

on Social Security or no taxes filed in 2018 ?

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. 2 Garmin DriveSmart 61 LMT-S, Nuvi 2689, 2 Nuvi 2460, Zumo 550, Zumo 450, Uniden R3 radar detector with GPS built in, includes RLC info. Uconnect 430N Garmin based, built into my Jeep. .

I read

I read yesterday they will use the address or method on your 2019 if you have already filed and on 2018 if you have not.

There is a place on the irs gov web site to correct your address if you haven't filed this year and your address is different than last year, or if you have moved since your filed this year.

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Mary, Nuvi 2450, Garmin Viago, Honda Navigation, Nuvi 750 (gave to son)

Here's the info

mgarledge wrote:

I read yesterday they will use the address or method on your 2019 if you have already filed and on 2018 if you have not.

There is a place on the irs gov web site to correct your address if you haven't filed this year and your address is different than last year, or if you have moved since your filed this year.

Here's the latest and greatest news about receiving your money:

https://www.cnet.com/how-to/coronavirus-stimulus-check-is-of...

Phil

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Phil in Mentor, Ohio -- Garmin Nuvi 1450

It sounds

pretty fair.

government

it aint in my hand yet, I usually find that anything the government help's you with will cost you in the end, im old enough to be skeptical when ever the government helps a tax payer !

I don't qualify, makes it

I don't qualify, makes it super easy . . . not.

I

sunsetrunner wrote:

I don't qualify, makes it super easy . . . not.

I know that likely in most cases it's not underhanded, but asking hey did you get it or what do you think, can be an underhanded way to find out what your income is.

Most middle class people either will get nothing, or they are in the phase out area. But it's politically incorrect (what isn't these days) to say hey I should not have been left out. I'm like you are, hurting too. What I may have suggested to be more realistic? Use the income levels that the elite colleges do to phase out assistance, they're much higher. But it's water under the bridge.

Oh, and back in the day the way to see who's earning more, I would say that's so unfair to get a raise of 6.2% at the end of the year. Those who earned beyond the SS wage base would say it's totally fair I pay more than you! Those earning less would say nothing, some didn't even know what the SS wage base was.

But a suggestion, maybe that could have been where the line was drawn, injecting a little reason into the equation. to bolster my opinion, look at median incomes and different locations. What do I know, not much.

Then again, what would you do anyway with $2400 to $4400, it's neither here nor there, many lost 100x that on paper due to the market. What is so difficult and I hope we get there someday, is to teach people to fish, rather than feed them for 2 mos. and then walk away.

May 3, I checked my payment

May 3, I checked my payment status on irs.gov site. It tells me that they need my banking info to direct deposit the money. Gave them my bank routing & account numbers and waited a few days. Nothing happens. I check back on May 11 and IRS site says it'll be deposited on May 13. Woke up on May 13 and greeted by an email from my bank. $2400 was direct deposited into my checking account from IRS TREAS. The info I got from irs.gov is pretty darn accurate.

I

I see I replied on 3/28, that was not a good time for the markets, they pulled back 36%. Seemed to have bounced back somewhat but GS warned their clients yet again. Last time that was public news, the market tanked in 2 days.

I see we'll just never learn, it's political grandstanding. I've seen it on social media--how the **** am I supposed to pay my rent with a $13/hr job?

Yet, there are folks unemployed collecting at a rate of $50k/yr, and talks now of extending that through 12/31.

Does anyone see the irony? It's as if any person earning less than $25/hr. should ask their employer to let them go, because they'll get more on unemployment.

I think there was a good thing that the last potus did, and I've heard this one has suggested the same but seems to be opposition. Give working people a break too--temporarily suspend the SS witholding. That's a 6.2% boost to working people and another 6.2% to their employers. I know some folks who got 20-25% pay cuts. Don't penalize people who are working.

Again, I say, even if I did get $1200, $2400, $2900, $3400, how does that help anything in a meaningful way? We want to feed people for a lifetime and teach them to fish. jmo

I had to sign up at the IRS site....

Even though I do file electronic. Evidently Turbo Tax doesn't share bank account info. S L O W...but I finally got mine.

your check is in the mail

I checked at irs.gov website and was told my check was mailed on May 15 (today). I've heard "your check is in the mail" before and somehow this doesn't offer me much comfort. shock

Still waiting!

Still waiting!

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nuvi 2460LMT

Already got mine

Direct deposit.

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Nuvi 2460LMT.

Finally received mine...

I'm a retiree and file electronically every year. SSA and IRS have my direct deposit info. Just received a paper check for $1,200 yesterday. Still waiting for my fed tax refund/deposit. Why the IRS didn't direct deposit my $1,200 is beyond me, but I'm glad it's finally here.

first round.

I got direct deposit on the first round several weeks ago, followed up a couple of weeks later with a personally signed letter from the Donald letting me know about his generosity. wink

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Alan - Android Auto, DriveLuxe 51LMT-S, DriveLuxe 50LMTHD, Nuvi 3597LMTHD, Oregon 550T, Nuvi 855, Nuvi 755T, Lowrance Endura Sierra, Bosch Nyon

strange

I got mine in the mail normally I get a tax return in direct deposit as about the last 15- 20 years, last year was the first year I broke even I didn't pay or receive any tax money but I did file, and when I checked the first time they said it would be deposited in checking when nothing came I checked again I would get it in the mail, and I did about a week later !

Love direct Deposit

ME 2

Love direct Deposit

ME 2

Enjoy, your kids and

Enjoy, your kids and grandkids have to repay it. Gotta love free money.

No they don't

sunsetrunner wrote:

Enjoy, your kids and grandkids have to repay it...

Those stimulus payments don't have to be repaid. See:

You don't have to pay back your stimulus check, because it's a refundable tax credit. Your stimulus payment is technically a refundable tax credit, which reduces your 2020 tax bill on a dollar-for-dollar basis.

Phil

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Phil in Mentor, Ohio -- Garmin Nuvi 1450

I

plunder wrote:
sunsetrunner wrote:

Enjoy, your kids and grandkids have to repay it...

Those stimulus payments don't have to be repaid. See:

You don't have to pay back your stimulus check, because it's a refundable tax credit. Your stimulus payment is technically a refundable tax credit, which reduces your 2020 tax bill on a dollar-for-dollar basis.

Phil

what the other poster meant was related to the national debt, to be repaid by future gens. Imagine graduating college right now? Not only are party schools of my time, rather difficult to gain entry to today, kids that went to such schools today were straight As in HS, whereas C's in my time. The most elite of the elite in my day accepted 19% when I went--not the 4.x% today. Then again it cost a lot more back then, whereas today it's no debt for those who can attend an elite college, all grants with minimal parent and student contribution (sliding scale but approx 10% of income plus 4.x% of assets). In my day, it was maximum parental and student contribution. So the future for kids today is quite the opposite.

Again, what does $1200 $2400 $2900 $3400 $3900 do for anyone, over the long run? Stimulus means spend it and contribute to the economy. People are not spending at all.

I know I'm falling on deaf ears, but people need to be taught to fish so they can eat for a lifetime.

The person working every day, making $22/hr, is better off through July 31 if their employer laid them off, they'd make more on unemployment. That is one seriously flawed stimulus package. And now that some want to extend through 12/31, truly bizarre.

As it was said last night on national TV, biology, physics, chemistry, they don't negotiate (referring to the virus).

Ok lighten it up I know. At least JP who was on 60 Minutes and I have something in common. My wife and I met where he graduated lol

Mail

The IRS site continually told me my information "doesn't match" their info. I took it all directly from the tax forms. Finally the date to file for a direct deposit passed and when I checked again it said they were scheduling a check to be sent to me on May 15. Today is May 18 and it still says the same thing. Perhaps one day they will mail it and I may even actually receive it one day.

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GPSMAP 76CSx - nüvi 760 - nüvi 200 - GPSMAP 78S

To Err Is Human...

To err is human, but to really screw things up, it would be hard to beat the combination of computers and the government.

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"141 could draw faster than he, but Irving was looking for 143..."

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thrak wrote:

The IRS site continually told me my information "doesn't match" their info. I took it all directly from the tax forms. Finally the date to file for a direct deposit passed and when I checked again it said they were scheduling a check to be sent to me on May 15. Today is May 18 and it still says the same thing. Perhaps one day they will mail it and I may even actually receive it one day.

May 15 is Friday. You don't really count Saturday and Sunday. You should be receiving it anytime this week.

Check Is Almost Here

Today's e-mail of Informed Delivery Daily Digest from the US Postal Service shows a photocopy of the envelope from the US Treasury so my stimulus payment will arrive in today's mail.

Recently got a paper check...

I don't know why I didn't get it direct deposit. Filed tax returns for 2018 and 2019. 2018, I got a refund direct deposit. 2019, I didn't pay any taxes due to creative tax preparation. Interesting!

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It is impossible to rightly govern a nation without God and the Bible. ----George Washington

Stimulus Payment

In the mail with no issues