The Briefing Room

General Category => Politics/Government => Topic started by: mystery-ak on March 25, 2020, 11:27:10 pm

Title: Coronavirus stimulus payouts: When will I get my check? How much money?
Post by: mystery-ak on March 25, 2020, 11:27:10 pm
    Coronavirus

Coronavirus stimulus payouts: When will I get my check? How much money?
Updated 6:09 PM; Today 8:20 AM

excerpt:

— Where will the money come from?

Taxes, essentially. CNBC reports it’s unclear whether the money will be considered a loan or a gift, in which case some of it may have to be paid back. Recipients may have to repay it on a future tax return -- this year’s income tax filing deadline has been delayed to July 15 -- or if it’s a “gift," it could be considered taxable income.
Title: Re: Coronavirus stimulus payouts: When will I get my check? How much money?
Post by: Right_in_Virginia on March 25, 2020, 11:38:18 pm
Quote
or if it’s a “gift," it could be considered taxable income.

Isn't the gift tax exclusion $15,000?  Is any individual going to receive more than that?   :smokin:
Title: Re: Coronavirus stimulus payouts: When will I get my check? How much money?
Post by: mrclose on March 26, 2020, 12:42:15 am
$1,200 cash assistance for individuals, $2,400 for married couples and $500 for each eligible child.
This money is available for all U.S. residents with an income of up to $75,000, including those with no income or who depend on social security.

About 90% of Americans would qualify for government checks, though the amount decreases for those making more than $75,000 a year, with an income cap of $99,000 for individuals and $198,000 for couples.


"Taxpayers with little or no income tax liability, but at least $2,500 of qualifying income, would be eligible for a minimum rebate check of $1,200.($2,400 married).

 Qualifying income includes earned income, as well as Social Security retirement benefits and certain compensation and pension benefits paid to veterans.

This ensures relief gets to low-income seniors and disabled veterans," the summary reads.


https://www.bloomberg.com/news/articles/2020-03-25/trump-s-april-6-deadline-for-virus-stimulus-checks-hard-to-meet (https://www.bloomberg.com/news/articles/2020-03-25/trump-s-april-6-deadline-for-virus-stimulus-checks-hard-to-meet)
Title: Re: Coronavirus stimulus payouts: When will I get my check? How much money?
Post by: Cyber Liberty on March 26, 2020, 01:03:38 am
I don't care when because I won't get one.  Soon for those who should get it, I hope.
Title: Re: Coronavirus stimulus payouts: When will I get my check? How much money?
Post by: Idiot on March 26, 2020, 01:59:27 am
Crap....I won't get one either.  I was thinking about a cruise.  :silly: :silly:
Title: Re: Coronavirus stimulus payouts: When will I get my check? How much money?
Post by: bigheadfred on March 26, 2020, 02:03:38 am
Quote from: mrpotatohead on March 26, 2020, 01:59:27 am
Crap....I won't get one either.  I was thinking about a cruise.  :silly: :silly:

There is always the love boat.
Title: Re: Coronavirus stimulus payouts: When will I get my check? How much money?
Post by: Cyber Liberty on March 26, 2020, 04:29:05 am
Quote from: bigheadfred on March 26, 2020, 02:03:38 am
There is always the love boat.

Which as been re-Christened, "The Petri Dish."