OFFICIAL 2020 STIMULUS CHECK THREAD

[jrp44]

Taxes hit the account...got an extra $1100 with that from last year's Stimmmmmahhh bc I had a kid last Jan...now I'm ready for the $5600-2 kid- 2021 Stimmmmmahhhh

 

[bballkid11]

Taxes hit the account...got an extra $1100 with that from last year's Stimmmmmahhh bc I had a kid last Jan...now I'm ready for the $5600-2 kid- 2021 Stimmmmmahhhh

Still waitin gon my **** taxes man, had my son last March. Filed 2/12 and supposed to get the extra 1,100 also. Plus I got 2 kids also. 5600$ dropping soooon!

 

[calibeebee]

Samson Stimpson

 

[703 hwy]

Getting signed Friday. I’m sure they’ll show up in our accounts next week.

 

[freshpairs]

They gotta have it out by next week st patty weekend so we can turn up with our green beers

 

[tay1]

March gon be a good month. I’m expecting $4500 non labor related monies in the coming weeks

 

[unkn0wn]

If you haven't filed it will be based on your 2019 return.

I made over $80k in 2020 but under in 2019. I havent filed for 2020, so I should be getting the stimulus.

But will I need to pay it back next year? I can’t find a clear answer to this

 

[maq25060]

I made over $80k in 2020 but under in 2019. I havent filed for 2020, so I should be getting it he stimulus.

But will I need to pay it back next year?

No sir.

 

[willie mcfly22]

Goose egg for me on the stimmy but jus happy to have been workin through all this. Glad its commin for the folks that need it...

 

[allergic2broke]

Lol biden wants to sign after his speech tomorrow

 

[htg designs]

I know a couple people clearing $14,000 off this stimmy due to dependents.
No cap.
Triple entendre, dont even ask me when.

 

[Beruseruku Desu]

 

[BaltimoreLove]

DID THEY MAKE IT SO WE DONT PAY TAXES ON UNEMPLOYMENT?

 

[jewseejay]

The first 10.5k from unenoyment tax free and stimmy tax free from what i understand. Could be wrong cuz these cowards capitulated instead of pushing the OG bill thru

 

[wallyhopp]

Initially it was $10,200 tax burden off of 2020 taxes. But so many paid and filed. Such terrible timing on all of this.

 

[you go boy]

^ exactly... my accountant filed last week was supposed to owe 2000 cuz of unemployment money for 6 months and i didnt take taxes out every week... but he did his thing where i get 1100 back... prally coulda got more if he filed next week or something...how long does it take the irs to approve your taxes? my accountant submitted mines on the 4th and havent gotten an email from them yet

 

[1978S]

DID THEY MAKE IT SO WE DONT PAY TAXES ON UNEMPLOYMENT?

When you filed for unemployment, there was the option to have the taxes taken out then, or later during tax time/when you filed.

All depends on what you checked off.

 

[wallyhopp]

When you say did his thing, what do you mean? Did he itemize above and beyond the standard deduction. There is really only so much they, or you, can do while filing taxes. Maybe he’s hyping it up but you were already due some money? Have you ever gotten a breakdown, like a 1040 return. The last thing you want is a irs audit.
—————
Regarding taxes on unemployment. ThE $10,200 forgiveness was something they talked about early on with the covid relief. I’m not sure that it passed. It was done so that you wouldn’t be surprised by your tax bill since many didn’t withhold anything. But the timing is off since it was forgiveness for 2020 taxes, which many already paid. The thought is millions will have to amend so that they may end up owing less

 

[BaltimoreLove]

yeah might have to file that amendment... poor timing but slowmotion better than no motion

 

[Air Champa]

I expect to see a video of this dude lighting his check on fire when he gets it. I also expect to see him make a withdrawal of $1400 dollars from his bank account (if he even has it lol) and doing the same. Let's see how long it takes for this to happen.

 

[wallyhopp]

BaltimoreLove it hasn’t been officially announced. But tons of news outlets have talked about it this past week.
If you file your own, it’s best to remember what you owe/paid the first time and see what changes happen when you amend it. Your entire AGI (adjusted gross income) should drop by $10,200, as unemployment income up to $10,200 is written off. You’ll know pretty much instantly upon amending it if it passed.

 

[Raji Lowenthal]

Read J Biddy supposed to sign the bill at 1:30

 

[rbk93]

How do you sign up for direct deposit of the stimulus check? Don't mind the check, but heard it takes longer to receive.

 

[finessence]

Foteeeeeeeeen hunduddddddd

 

[Fozz]

How do you sign up for direct deposit of the stimulus check? Don't mind the check, but heard it takes longer to receive.

When I use Turbo Tax, I have the option to link my checking/savings account to allow the IRS to withdraw (if you owe) or deposit (expect a refund) directly from your account. I would like to think you would have that option using other tax services as well.