Shopsmith Forums

dusty wrote: ↑Thu Jan 21, 2021 7:13 pm 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.

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

JPG wrote: ↑Fri Jan 22, 2021 7:43 pm Perhaps one 'other reason' is for residents of Tucson!(who have recently 'relocated').

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

dusty wrote: ↑Wed Feb 10, 2021 5:40 pm 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.

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.

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

Mine was deposited yesterday March 13

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.

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