GOT Stimulus check?

This site may earn a commission from merchant affiliate
links, including eBay, Amazon, Skimlinks, and others.

Mine was a long winded way of saying the IRS doesn't have our bank info. I tried to check our status through the website, and got some sort of error message. I am aware of all of the income cutoffs.
 
This is not true. This tax credit will not need to be repaid.

"...taxpayers receiving a stimulus payment based on a previous year’s income level would not have to pay anything back if their earnings in 2020 exceed the program’s income limits, according to the IRS. "

source: factcheck.org/2020/04/stimulus-checks-wont-reduce-future-tax-refunds/
Actually, if you haven't yet filed for 2019 and subsequently don't qualify based on your 2019 return, you may have to pay some or all of it back.
 
Actually, if you haven't yet filed for 2019 and subsequently don't qualify based on your 2019 return, you may have to pay some or all of it back.

Considering that I haven't filed my 2019 return yet, I'd be curious to see a source for that.

According to this article: When You File Your 2019 Tax Return Will Impact Your Stimulus Payment

...if your advance payment is LESS than what you’re owed when you compute your 2020 return, you’ll get the excess as a credit on that return. But if your advance credit is GREATER than what you’re actually owed come the filing of your 2020 return, there appears to be no mechanism to either 1) repay the excess payment, or 2) recognize the excess amount as income. "
 
Last edited:
Considering that I haven't filed my 2019 return yet, I'd be curious to see a source for that.

According to this article: When You File Your 2019 Tax Return Will Impact Your Stimulus Payment

...if your advance payment is LESS than what you’re owed when you compute your 2020 return, you’ll get the excess as a credit on that return. But if your advance credit is GREATER than what you’re actually owed come the filing of your 2020 return, there appears to be no mechanism to either 1) repay the excess payment, or 2) recognize the excess amount as income. "
I read about it before the plan was finalized, and apparently it changed. Everything I've read today agrees with your statement.
 
I read about it before the plan was finalized, and apparently it changed. Everything I've read today agrees with your statement.

Glad to hear it. We haven't filed 2019 yet, and our 2018 return was much lower since I took 4 months unpaid leave.
 
@OffRoadScott Have you purchased a house before or will this be your first? Some of the options the VA system allows are great (I got our house that way), but the funding fee is pretty steep compared to other options that can be out there. Get a reputable Mortgage broker working for you, and as a "second" opinion, when you're ready to dump all of the paperwork to get a true pre-approval, drop your stuff off at a credit union as well. They also have pretty attractive options it seems.
As to stimulus check, I'm not holding my breath; We owed taxes in '16,'17, pushed in '18 and I haven't filed '19 yet. If we get it, I'll probably sit on it although it depends upon how long I get to sit on the sidelines from work.

Thank you for the advice, I might try pushing it through USAA as well as a small credit union here in AZ.
 
Thank you for the advice, I might try pushing it through USAA as well as a small credit union here in AZ.
I had good luck with Azfcu. All in for my refi was $2600 including the appraisal. Interest rate was .5% below other banks. A friend of mine just looked into a refi with Wells Fargo, closing costs were 7k with no points so they ran.
 
pulled the trigger and did some simulating....
1587567081024.png


triple locked and finally got some portals :rofl:
 
Well - finally have feedback on my bribe: the minor facts they deposit money into my account monthly and my last three returns also had my direct deposit information, they've decided to send me a paper check so I get that collectible signature of Mr Dumpf.

Payment Status
We scheduled your check to be mailed on April 24, 2020 to the address we have on file for you.
We will mail you a letter with additional information on this payment.


And to repeat, I plan on purchasing barter materials for when it gets bad later this year.
 
Wow. Were you this bitter in 2008-9 when that stimulus went out? What the heck man, some of us actually need it, I'll take it.
You spelled Trump wrong again. Honest mistake I'm sure.
 
Well - finally have feedback on my bribe: the minor facts they deposit money into my account monthly and my last three returns also had my direct deposit information, they've decided to send me a paper check so I get that collectible signature of Mr Dumpf.

Payment Status
We scheduled your check to be mailed on April 24, 2020 to the address we have on file for you.
We will mail you a letter with additional information on this payment.


And to repeat, I plan on purchasing barter materials for when it gets bad later this year.
1587608558950.webp

Now that we know (and don’t care about) your opinion...let’s get back to the fun happy things us CSC folks enjoy.

@CruiseLanderAZ can we build an rc course in your new backyard?
 
the Short Bus for the LX arrived yesterday :D
 
Well - finally have feedback on my bribe: the minor facts they deposit money into my account monthly and my last three returns also had my direct deposit information, they've decided to send me a paper check so I get that collectible signature of Mr Dumpf.

Payment Status
We scheduled your check to be mailed on April 24, 2020 to the address we have on file for you.
We will mail you a letter with additional information on this payment.


And to repeat, I plan on purchasing barter materials for when it gets bad later this year.

Praying you get stuck with your barter materials...
 
@Somebodyelse5 what is that little beast? I've always thought RC stuff was/is cool, but the few I've owned get run a lot for a couple of months, then rot on the shelf.
The only rig I have right now is the little Losi micro desert truck. 1/24th
 
@Somebodyelse5 what is that little beast? I've always thought RC stuff was/is cool, but the few I've owned get run a lot for a couple of months, then rot on the shelf.
The only rig I have right now is the little Losi micro desert truck. 1/24th

i’ll say, the RC stuff has come a long way. I’ve been getting back into it over the last few months and the new electric stuff is really simple. I have a Traxxas Mini E-RevoTSM that’s 1/16...talk about a fun little car!

That one is a Traxxas TRX-4 sport 1/10th (around $350 after tax) + another $50 or so for charger and a battery. It’s a dedicated crawler, scaled to have 37” tires and real low CG, it’s a blast to play with in the yard (desert landscaping for the win!).
 
Back
Top Bottom