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.