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Anyone get that stimulus check yet?

Discussion in 'General' started by fastedyamaha, Apr 13, 2020.

  1. Banditracer

    Banditracer Dogs - because people suck

    Found this on the MarketWatch website. Direct quote.

    Stimulus checks ‘will not reduce your refund or increase the amount you owe when you file your 2020 tax return next year.’

    — Internal Revenue Service

    Another off Money website.

    Will it count towards my taxable income for 2020?
    No. This money is not considered income. It won’t be taxable and it won’t affect your income tax bracket for 2020.
     
  2. Fuzzy317

    Fuzzy317 a Crash Truck near you

    The stimulus checks won't, but I believe my unemployment check for being furloughed will be counted as income (when/if GA ever sends it).
     
  3. Banditracer

    Banditracer Dogs - because people suck

    Yes, unemployment is taxable, so is the extra 600 from the feds. They give you the option to have some tax withheld, that's what my wife did.
     
  4. JBall

    JBall REALLY senior member

    This is the first $ that we got.
     
  5. Mongo

    Mongo Administrator

    Yep, I'm having the taxes taken out of ours. Evidently FICA isn't required to be paid for some reason.
     
  6. Mongo

    Mongo Administrator

    Got the notification today we should get ours on Wednesday.
     
  7. Yzasserina

    Yzasserina sound it out

    Because it isn't considered earned income for SS and Medicare withholding purposes.
     
  8. Mongo

    Mongo Administrator

    Sweet! So I've gotten a raise with the 600 extra and a raise because I'm not losing the 7% plus FICA takes :crackup:
     
  9. SPL170db

    SPL170db Trackday winner

    My mother told me she just got a check in the mail, she's recently retired on SS.
     
  10. Paige

    Paige BBS FF Champ

    My MIL got one too. She’s 79 and on SS


    Sent from my iPhone using Tapatalk
     
  11. eggfooyoung

    eggfooyoung You no eat more!

    Nope. Nothin.
     
    cpettit and Britt like this.
  12. cyclocrossfool

    cyclocrossfool Well-Known Member

    ditto
     
  13. Sabre699

    Sabre699 Wait...hold my beer.

    :stupid:
     
  14. G Dawg

    G Dawg Broken Member

    Just got mine yesterday :)
     
  15. Shenanigans

    Shenanigans in Mr.Rogers neighborhood

    Got the notification yesterday that mine will be deposited on wednesday
     
  16. Dave K

    Dave K DaveK über alles!

    Nope and I want it!
     
  17. kenessex

    kenessex unregistered user

    I got mine, but I still don't have any of that Gubmint cheese that I wanted.
     
  18. YamahaRick

    YamahaRick Yamaha Two Stroke Czar

    Have you tried calling Patty Hearst and have her escalate the issue?
     
  19. worthless

    worthless Well-Known Member

    Still haven’t received the < $50 I was expecting. NBD. At least I finally got my 1st unemployment check from PA after filing on 4/1. Only got my 1st 2 weeks of PA payment and the addtl 600 from the feds doesn’t come until a week later in PA. Still waiting on word of approval for PPP as an independent contractor.
     
  20. Mongo

    Mongo Administrator

    Got told we are approved for the PPP but no word from the closing peeps at the bank yet, they did say 7-10 days and it's been like 5 so what the hell! :crackup:
     

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