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Post by parson on Jan 14, 2021 16:10:18 GMT -5
The wife & I have filed taxes jointly for 50+ years. Couple of days ago she received a $600 card in the mail, while I got nuttin!!
Looking at IRS "Get My Payment" page, I see that if your stimulus $ hasn't been deposited or mailed by Jan. 5th, then you have to claim it as some kind of a credit when you file 2020 return.
Just posting this in case others are wondering why theirs hasn't arrived.
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Post by Sasquatch on Jan 14, 2021 16:29:18 GMT -5
Looks like we will have to claim it on our taxes. No sign of it and the IRS website is no help.
I just worry that lumping it in with taxes will delay that process as well.
Oh well.
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Post by deadeer on Jan 14, 2021 16:44:18 GMT -5
We got the first round last year right away. Still nothing yet this time around.
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Post by bill9068 on Jan 14, 2021 16:54:24 GMT -5
Got mine and wife got hers January 4th.
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Post by firstwd on Jan 14, 2021 17:01:06 GMT -5
First round was direct deposit, this round said they mailed a check. No clue as to why, but the check came today.
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Post by deadeer on Jan 14, 2021 18:22:37 GMT -5
First round was direct deposit, this round said they mailed a check. No clue as to why, but the check came today. Thanks for that! I will keep an eye out now. I normally throw away 95% of mail when I dont recognize it. Since I changed all bills over to electronic pay, I only get a few pieces a week, and mostly junk.
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Post by HighCotton on Jan 15, 2021 7:36:31 GMT -5
Looks like we will have to claim it on our taxes. No sign of it and the IRS website is no help. I just worry that lumping it in with taxes will delay that process as well. Oh well. From what I’ve read we do not claim it on our taxes. Have I been misled? Let me know if you have a link Sas! FWIW, my wife and I received the stimulus money a few weeks ago. We File taxes electronically. Not that I agree with any of this! And now Biden proposes more... Praying for my kids, grandkids and their future generations!
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Post by beermaker on Jan 15, 2021 7:40:29 GMT -5
We received a check in the mail yesterday.
My wife, who is brilliant at her profession, but generally clueless when it comes to economics and politics, said "sooner or later we are going to get screwed and have to start paying this back." That almost brought a tear to my eye. I'm finally getting through to her.
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Post by duff on Jan 15, 2021 7:54:16 GMT -5
I like to think my wife and I understand how our financial biz works. I can with 100% confidence say that govt financial is a mystery. What exactly is being paid back? Our grandkids won't pay anything back. We will just continue to see the value of the dollar sink to the point we are all millionaires and live in poverty. Like a Turkish millionaire.
That is seen easily in a lifetime. My wife's grandfather would get so worked up talking about value of a dollar. Granted he lived to be 104 but he saved and retired when he was 60. You think his retirement planning would see average wages or cost of vehicles, homes etc go sky high. We are paying for the new dollars in circulation every day.
Not like a US dollar is backed by anything so it is just same as bit coin
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Post by parson on Jan 15, 2021 7:56:28 GMT -5
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Post by duff on Jan 15, 2021 8:01:37 GMT -5
I heard that 20% of the dollars in circulation right now were made in 2020. That doesn't mean they toss out 20%. Just like splitting stocks to make more, it lessens the value of the original dollar.
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Post by greghopper on Jan 15, 2021 8:13:53 GMT -5
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Post by freedomhunter on Jan 15, 2021 8:50:09 GMT -5
It is amazing how clueless the average American is to the inflation of the dollar that is coming.
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Post by bullseye69 on Jan 15, 2021 9:08:58 GMT -5
We got the first round last year right away. Still nothing yet this time around. Got ours yesterday in the mail.
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Post by medic22 on Jan 15, 2021 9:09:13 GMT -5
It is amazing how clueless the average American is to the inflation of the dollar that is coming. Coupled with another impending 2k per person and more than doubling minimum wage.
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Post by ukwil on Jan 15, 2021 9:17:23 GMT -5
It is amazing how clueless the average American is to the inflation of the dollar that is coming. My wife and I had a conversation about this just this morning. The Democrats are ensuring they have voters for life. The voters are clueless as to what's coming down the road. A national minimum wage will be a driving force behind the rise of cost for everything. They are taking the reward of higher pay and better benefits away from the "skilled" workforce.
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Post by greghopper on Jan 15, 2021 9:19:23 GMT -5
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Post by bullseye69 on Jan 15, 2021 9:25:37 GMT -5
Just what Trump wanted to do. 2k total, now I see why they didn't let him give 2k. They needed something to give in their first 100 days in office.
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Post by omegahunter on Jan 15, 2021 9:40:08 GMT -5
First round was direct deposit, this round said they mailed a check. No clue as to why, but the check came today. Nah, got ours direct deposit again.
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Post by stevein on Jan 15, 2021 10:02:44 GMT -5
I file with Turbo Tax. My refund is sent to some bank which deposits it in my bank. This bank cannot cash my stimulus check and deposit it in my bank account. I found out most people that filed with T.T. have not received their stimulus money. It will need to be filed on my taxes to claim it.
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