LOCKED: Coronavirus

I bet if you call Dell support you still get routed there.

posted by Spock

Damn Prince Charles has the virus

So the “cash payments” are going to be direct deposited. How the hell is that gonna work? 

posted by wildcats20

So the “cash payments” are going to be direct deposited. How the hell is that gonna work? 

Based on IRS filings, right? IRS has your direct deposit info, I guess?

posted by justincredible

Based on IRS filings, right? IRS has your direct deposit info, I guess?

Yeah, after I posted that I actually looked it up lol. 
 

Amounts paid out are going to be based on tax returns. And if you’ve filed this year, they use those numbers. If not, they use 2018. 

Overheard at an Alabama grocery store.

MAN #1: Man, when are they gonna have them checks sent out?  I need that money.  How they gonna get it to me?
MAN #2: They'll use your address from your most recent tax filing.

MAN #1: Ssssshhhhiiiiiiittttttt

posted by justincredible

Based on IRS filings, right? IRS has your direct deposit info, I guess?

Only if you select that option. I think people still have option for check. 

Have they finalized something at this point? Anyone got a link?

posted by justincredible

Have they finalized something at this point? Anyone got a link?

Last I saw was the Senate is voting tonight and the House tomorrow. Pelosi has already said she will try and use the unanimous option, so they won’t actually take a vote. 

posted by justincredible

Have they finalized something at this point? Anyone got a link?

Heard earlier is was set to pass but old crazy Bernie put the kibosh on it.

Assuming it passes by the end of the week (I’m reluctant it’ll be that easy because politics) I’ve still read it could be mid-April into May people start to see anything from it?

posted by friendfromlowry

Assuming it passes by the end of the week (I’m reluctant it’ll be that easy because politics) I’ve still read it could be mid-April into May people start to see anything from it?

Yup. Article I just read from 10tv said democratic aides have said those with direct deposit on file with IRS could see it in a few weeks. If not, it could be several months. 

Also, for independent contractors I read you may be eligible for unemployment.  No idea how that process will work, though.  Might apply to S-corps, but maybe not LLC's.

posted by friendfromlowry

Assuming it passes by the end of the week (I’m reluctant it’ll be that easy because politics) I’ve still read it could be mid-April into May people start to see anything from it?

I read checks won’t come until May. My question is how can you have an income limiter, what if their current career is destroyed? 

posted by iclfan2

My question is how can you have an income limiter, what if their current career is destroyed? 

I'm straight commission so if I don't sell, I don't eat. Fortunately, my commissions get withheld for 60-90 days so there's a lag as to when I get paid. I've spoken with my boss and my commissions will be split up equally over the next 5 months, which should have been paid to me by June. Hopefully we're back to normal then as I don't anticipate closing many deals (executive recruiter) over the next few months. I'm definitely not getting one of those stimulus checks though.

posted by BR1986FB

I'm straight commission so if I don't sell, I don't eat. Fortunately, my commissions get withheld for 60-90 days so there's a lag as to when I get paid. I've spoken with my boss and my commissions will be split up equally over the next 5 months, which should have been paid to me by June. Hopefully we're back to normal then as I don't anticipate closing many deals (executive recruiter) over the next few months. I'm definitely not getting one of those stimulus checks though.

I’ve not kept up but stimulus $1200 or $2400 a person if under $150,000 a year?

posted by iclfan2

I read checks won’t come until May. My question is how can you have an income limiter, what if their current career is destroyed? 

Lame. Trump will have us back living life by then. 

posted by Ironman92

I’ve not kept up but stimulus $1200 or $2400 a person if under $150,000 a year?

$200k a year per couple or 99k a single I think (or close). Either way that’s great if you can still make that much after this giant cluster fuck. Think it’s based on your 18/19 taxes.

posted by iclfan2

$200k a year per couple or 99k a single I think (or close). Either way that’s great if you can still make that much after this giant cluster fuck. Think it’s based on your 18/19 taxes.

If you’ve filed already, it’s based on 2019. If not, it’s based on 2018. 

Who's keeping the check, and who's giving it back?  I assume you claim it as income on 2020 tax filing, correct?