Schedule a Meeting · Talk to a real woodworker: +1 937-890-5197 · 8:00AM – 4:30PM ET

Stimulus Check

jsburger

dusty wrote I got mine in the form of a credit against my 2020 taxes. It came as a reduction in the amount of taxes I owe, aka Stimulus Rebate Credit.

We got checks in 2019 even though our Direct Deposit Info was on file.

I just called my tax man. I asked if the stimulus money was taxable and if we would get a 1099. No it is not taxable, but he wanted to know what we got because in some circumstances you will get a credit on your tax for other reasons.

JPG

Perhaps one 'other reason' is for residents of Tucson!(who have recently 'relocated').

jsburger

JPG wrote Perhaps one 'other reason' is for residents of Tucson!(who have recently 'relocated').

:D :D :D

dusty

Now that we have filed and paid our 2020 taxes and claimed the Stimulus Rebate Credit I expect no additional stimulus money.

jsburger

dusty wrote Now that we have filed and paid our 2020 taxes and claimed the Stimulus Rebate Credit I expect no additional stimulus money.

Why? What you claimed was the last $600 per person money. The new Biden money is a totally separate bill and in addition to what we already got.

jsburger

Has anyone gotten their stimulus money? The first direct deposits went out yesterday. The IRS web site says ours will be direct deposited on 17 March.

SkullsquadronX

That is what mine account says as well jsburger. Was checking my account on the 12 and saw it in pending.

Ed in Tampa

Mine was deposited yesterday March 13

dusty

I will most likely not get mine for a week or two or more. We typically owe taxes every year so "direct deposit" has not been established with the IRS.

I have read, however, that for this round the IRS has teamed with DOD and SS and may use their data bases for the required information. What an ingenious solution that will be! I wonder who thought that up. We get our Social Security and pension checks direct deposit. Always have and always at the same bank. Time will tell.

Hobbyman2

We received a txt from the bank last week that said they would start dropping checks Wednesday .

wrmnfzy

Mine says will be deposited 3/17. It will be nice to get some of MY money back.

jsburger

Mine was supposed to be 17 March but it showed up today 16 March.

dusty

It is early in the process but once again it appears as though those who need assistance the most will wait the longest for it to arrive.

Get It.PNG

SkullsquadronX

It was deposited today

reible

No information on my tax refund, electronically sent in Feb 18 or anything on the stimulus money. The IRS had quoted 21 days which will be this Friday but that was then and now is now so how good that estimate was????

The first stimulus money was deposited direct, the second came a check for some reason. I was hoping for this one to be a direct deposit and the same for the IRS refund which is should happen.

So I guess one shouldn't count the chicks before they hatch. My money I think will have to go for a new vehicle, my new van is 21 years old and a lot of rust. Well no shopping until two weeks after my next shot so mid April or so. Gives them more time to do what ever they are doing.

Ed

jsburger

reible wrote No information on my tax refund, electronically sent in Feb 18 or anything on the stimulus money. The IRS had quoted 21 days which will be this Friday but that was then and now is now so how good that estimate was????

The first stimulus money was deposited direct, the second came a check for some reason. I was hoping for this one to be a direct deposit and the same for the IRS refund which is should happen.

So I guess one shouldn't count the chicks before they hatch. My money I think will have to go for a new vehicle, my new van is 21 years old and a lot of rust. Well no shopping until two weeks after my next shot so mid April or so. Gives them more time to do what ever they are doing.

Ed

Kind of weird how all this works. I got my tax refund 8 days after my CPA filed it electronically. The first stimulus checks went out on 12 March. The IRS web site said mine would be direct deposited today 17 March but I got it yesterday.

dusty

I filed my 2020 taxes on Feb 3 and then read on an IRS site that paper processing would not begin for two weeks. So much for being timely. Now I sit here and wait. As I have said before, I am just thankful that I don't need that money to feed kids or pay rent.

I guess I can take the blame for all of this. I have for many years managed my with holdings so that I always owed a few dollars. My Social Security and Pension checks are direct deposit and always have been but not FIT. I may have to change that routine just to get to the front of the line.

jsburger

dusty wrote I filed my 2020 taxes on Feb 3 and then read on an IRS site that paper processing would not begin for two weeks. So much for being timely. Now I sit here and wait. As I have said before, I am just thankful that I don't need that money to feed kids or pay rent.

I guess I can take the blame for all of this. I have for many years managed my with holdings so that I always owed a few dollars. My Social Security and Pension checks are direct deposit and always have been but not FIT. I may have to change that routine just to get to the front of the line.

You have to remember that the IRS only uses your direct deposit info from your most recent tax return. If you owe you don't have direct deposit info with the IRS. Yes there is your military retirement and SS. However, they may not go to the same account. When I still had a mortgage on the house my military retirement went to the bank that held the mortgage and my civil service and SS went to a different bank (all direct deposit). Which account does the IRS send the stimulus check to? Originally my wife's civil service check went to a third account. Now they all go to the same account but...

In 2019 I owed federal tax for the first time in a while so there was no direct deposit info on file with the IRS. In 2020 I went on the IRS web site and entered my direct deposit info and got both stimulus checks via direct deposit.

This year we got a refund so the direct deposit info was included with the tax return which was filed before the stimulus checks started going out. So we got ours direct deposited in 4 days.

dusty

ChrisNeilan wrote I’m employed full time (60 hours a week!) No check for me. As a tier 1b worker, I get my vaccine Friday! Grateful.

If you are a registered tax payer, you will get a check eventually. This "relief program" is not aimed at just those who need assistance.

reible

At least a little news:

"Payment Status

We scheduled your payment to be mailed on March 26, 2021 to the address we have on file for you.

We will mail you a letter with additional information on this payment."

Not quite what I hoped for but still it looks like progress.

Ed

« Previous Page Next Page »