Stimulus check deposited today?

[asianthree]

Our youngest said he got a weird direct deposit in his checking account this morning. It’s still processing, so he won’t be sure til tomorrow

[villagetinker]

Please have him check with the bank to make sure this is not some type of scam. If possible or practical he might want to block any direct (ACH) withdrawals until all is confirmed above board.

[asianthree]

Please have him check with the bank to make sure this is not some type of scam. If possible or practical he might want to block any direct (ACH) withdrawals until all is confirmed above board.

Online banking confirmed check is from government, 27% taxes taken out of the $1000.00 He thought at first it was his tax return, but wrong amount, until his bank confirmed, deposit at 3:44am. Customer service said they started getting deposits in customer accounts just after 2am

[tophcfa]

Online banking confirmed check is from government, 27% taxes taken out of the $1000.00 He thought at first it was his tax return, but wrong amount, until his bank confirmed, deposit at 3:44am. Customer service said they started getting deposits in customer accounts just after 2am

Hummmm, my understanding is that the stimulus payments will not count as taxable income. I clearly remember this being stated by Steven Mnuchin during one of the press conferences. I just googled it and read an article from Forbes confirming the payment is tax free. Am I missing something?

[BogeyBoy]

Online banking confirmed check is from government, 27% taxes taken out of the $1000.00 He thought at first it was his tax return, but wrong amount, until his bank confirmed, deposit at 3:44am. Customer service said they started getting deposits in customer accounts just after 2am

Also, the amount for each individual is $1200, $500 for dependent children. Something is off. I wouldn't spend that money until positively confirmed into his account.

[manaboutown]

It seems fishy to me.

[retiredguy123]

Also, the amount for each individual is $1200, $500 for dependent children. Something is off. I wouldn't spend that money until positively confirmed into his account.
The amount may not be $1200 if you make more than $75,000, but less than about $100,000. In that case, the stimulus check amount is prorated. However, the stimulus check is counted as a tax credit, so it is not taxable. I think the only way money could be withheld from the check is if the person is behind in child support payments.

[asianthree]

The amount may not be $1200 if you make more than $75,000, but less than about $100,000. In that case, the stimulus check amount is prorated. However, the stimulus check is counted as a tax credit, so it is not taxable. I think the only way money could be withheld from the check is if the person is behind in child support payments.

It’s a Treasury check bank confirmed it this morning, his income is over$75,000. So it was prorated. He will be using it to buy Amex gift cards to give to the employees that aren’t working for him right now

[mixsonci]

It’s a Treasury check bank confirmed it this morning, his income is over$75,000. So it was prorated. He will be using it to buy Amex gift cards to give to the employees that aren’t working for him right now

That's so nice of him.

[BogeyBoy]

Here's a calculator if you or someone you know falls into the over 75,000 (single) or over 150,000 (married). Also allows you to enter number of children.

The Stimulus Payment Calculator tells you how much money you could get (https://www.cnbc.com/2020/03/27/the-stimulus-payment-calculator-tells-you-how-much-money-you-could-get.html)

[alemorkam]

He must be paying child support then

[oldtimes]

He must be paying child support then
Even if it’s true, which I am thinking it’s not, why would you say this? So mean.

[asianthree]

He must be paying child support then

Not paying child support,,,, he manages 3 well know bar restaurants, working 60 hour weeks.

Is a behavioral phyc, and teaches autistic children in his spare time. On every holiday including Mother’s Day, he has the family’s come to eat at restaurants guest, and each child has a behavior person at the table so MoM who is usually alone can have a relaxing time.

As he has always said he has more children than he could ever ask for, and when a non verbal, low functioning child signs him for a juice.

He knows he has made a difference.

What do you do in your spare time, other than try to belittle people you know nothing about

[Nucky]

He must be paying child support then

I didn't take your post as anything bad. I took it as you trying to figure out the difference from what was expected to what was obtained money wise and NOTHING more.

[Chi-Town]

Not paying child support,,,, he manages 3 well know bar restaurants, working 60 hour weeks.

Is a behavioral phyc, and teaches autistic children in his spare time. On every holiday including Mother’s Day, he has the family’s come to eat at restaurants guest, and each child has a behavior person at the table so MoM who is usually alone can have a relaxing time.

As he has always said he has more children than he could ever ask for, and when a non verbal, low functioning child signs him for a juice.

He knows he has made a difference.

What do you do in your spare time, other than try to belittle people you know nothing about

I think you misunderstood the poster. He is hardly a belittler.

[mamamia54]

God bless him. I wish more people were like him in this world.

[RichT58]

Hummmm, my understanding is that the stimulus payments will not count as taxable income. I clearly remember this being stated by Steven Mnuchin during one of the press conferences. I just googled it and read an article from Forbes confirming the payment is tax free. Am I missing something?

Thought it also was tax free

[Girlcopper]

Thought it also was tax free
It is tax free. Im just waiting for my own check and not listening to everyones comments

[Ltretola]

The checks have NOT been issued yet. Tell him not to open any links in the email. It’s a scam email

[nhbear]

Yes , God bless him ,

[davem4616]

I don't get the "27% deduction for taxes"....my understanding was that these checks were tax free

We too have no need for any stimulus money (thankfully)...so our check will be going to those in need

[greenflash245]

my understanding is that the deposits haven't begun yet! I smell scam

[Gigi3000]

My sister and her husband both received $310 into bank account. Stated it was unemployment ins. Her husband had applied for unemployment and was denied but she didnt as she knew she wasnt eligible. She talked to others that received this also. She lives in KY. Weird.

[DecaturFargo]

Call the bank immediately.

[Chi-Town]

Too many inconsistencies to even try to explain the amount. And for those who tried and were rebuffed, well thanks for trying.

[EviesGP]

I thought the Unemployment taxes, were based upon your state(whether taxed/non-taxed)?

[kendi]

Hummmm, my understanding is that the stimulus payments will not count as taxable income. I clearly remember this being stated by Steven Mnuchin during one of the press conferences. I just googled it and read an article from Forbes confirming the payment is tax free. Am I missing something?

Maybe it’s an unemployment check if he’s out of work.

[theruizs]

He must be paying child support then

I understood it wasn’t taxed as he had thought, but was less due to being prorated based on his income.

[John_W]

Here's the official site.

Coronavirus Tax Relief and Economic Impact Payments | Internal Revenue Service (https://www.irs.gov/coronavirus-tax-relief-and-economic-impact-payments)

[MeKa 25]

What state does he live in?

[Langhardts]

Did he have a State Refund coming? He can check the status of his federal refund at IRS.gov and can do so at the state’s website too. It is possible that the IRS modified his refund after their review.

Also, the previous reply regarding the “stimulus” checks is correct, it is a non-taxable event.

[msilagy]

The amount is $1200 75k and under. 99k and under it is prorated......... for single people

[Curtisbwp]

I don't work and i do not need a stimulas check.

[retiredguy123]

I don't work and i do not need a stimulas check.
If you are on Social Security and/or make less than $75 K, you will get $1200 whether you need it or not. It's difficult for even the Federal Government to spend $2.2 trillion.

[John_W]

I don't work and i do not need a stimulas check.

Eat out 12 times and leave your servers a $100 tip, that should work.

[Gigi3000]

I don't work and i do not need a stimulas check.

Send it to me!

[under55]

:MOJE_whot:Got a phone call that my check was being helf by the Post Office. Had to give them the last 4 digits of my Social Security Number and my Mothers Maiden Name. They said to expect it by the end of the week.:icon_wink:

[Spalumbos62]

Also, the amount for each individual is $1200, $500 for dependent children. Something is off. I wouldn't spend that money until positively confirmed into his account.

I dont know about the tax part- but fingers crossed its tax free
But I did understand if you make more than 75,000 but less than 99,000 your check amount would be 5$ less for each $100 over the 75,000 mark. So if you made $78,000 your check amount would be $1050.

[retiredguy123]

I dont know about the tax part- but fingers crossed its tax free
But I did understand if you make more than 75,000 but less than 99,000 your check amount would be 5$ less for each $100 over the 75,000 mark. So if you made $78,000 your check amount would be $1050.
You can uncross your fingers because the check is tax free. It is treated like a tax credit. In fact, even people who are delinquent and owe back taxes will still get the full or prorated amount based on income. The only people who may not get a check are those who are behind in child support payments and have been reported to the Federal Government.

[queasy27]

:MOJE_whot:Got a phone call that my check was being helf by the Post Office. Had to give them the last 4 digits of my Social Security Number and my Mothers Maiden Name. They said to expect it by the end of the week.:icon_wink:

I apologize for being overly suspicious, but that does not sound kosher. Why would the postal service call to verify anything before delivering mail in your name to your address? Is your phone number publicly listed, and if not, how did they get it?

[under55]

He seemed nice enough. He even gave me the phone number for his cousin a Nigerian Prince who is need of some cash right now. Wire him $1000 and you will be back $10,000 at the end of the month.

[yankygrl]

CAN YOU SPELL SCAM? I have not heard anything about direct deposit for stimulus checks OR that the post office will hold until you verify information. Be very careful, if it sounds fishy it probably isn't right.

[MSchad]

I apologize for being overly suspicious, but that does not sound kosher. Why would the postal service call to verify anything before delivering mail in your name to your address? Is your phone number publicly listed, and if not, how did they get it?

Pretty sure under55 was making a joke.

[queasy27]

Pretty sure under55 was making a joke.

Ah, of course! I'll blame low vision and not being able to make out the smilies.

[skip0358]

There are quite a few scams out there. Got a call today on my cell phone asking me to verify my account numbers because they were having trouble depositing my stimulus check. Friend got one yesterday so be careful.

[biker1]

It is completely on the up-and-up. No need to worry ;-)

I apologize for being overly suspicious, but that does not sound kosher. Why would the postal service call to verify anything before delivering mail in your name to your address? Is your phone number publicly listed, and if not, how did they get it?

[asianthree]

Letter arrived in the mail today, from IRS dated February 17. His 2018 taxes were audited, and found a mistake.

The check was a refund from IRS for their findings. As he said if letter would have come 6 weeks ago, when it was dated, there would not been a guessing game.

So check deposit was legit, however not stimulus.

He said since it’s found money, it’s still going to his employees who are still waiting on unemployment.

His hope is anyone who does not need their stimulus, if you could go to your favorite restaurant and donate to the staff. They have served you well, and even though they would expect nothing, they would be grateful

[NoMoSno]

Here’s when your stimulus check should arrive (https://www.msn.com/en-us/money/markets/heres-when-your-stimulus-check-should-arrive/ar-BB12lRKS)

[Jayhawk]

Letter arrived in the mail today, from IRS dated February 17.

This is why they call it Snail Mail.

:a040:

[davefin]

The payment about to be received from Gov't is NOT taxible, therefore no withholding will be deducted! PERIOD!

[davefin]

Never heard of Federal Tax Withholding on a tax refund check!

[asianthree]

Never heard of Federal Tax Withholding on a tax refund check!

He was guessing that taxes were taken out since he had no idea why a deposit was in his checking account, and it didn’t match what stim check amount was. See update post #47 for explanation

[Nucky]

I don't get a pension of any kind, and I'm not old enough to get SS. Despite that, I don't want or need the check, so I CAN wait. I'll be giving it out to all those service people who have made TV a wonderful place. Barber, dog groomer, wait staff, golf shop workers, etc. I doubt you'll be one of them

GE, do you think you'll be able to spread it around on your own or would you like for me to dig up the name of a new company that was proposed to spread it around for you? I'd bet the Love Shack that you can handle it on your own just like many off us will. I can't wait to get down to business helping others and I'm certain you feel the same way! :clap2:

[DianeM]

I don't get a pension of any kind, and I'm not old enough to get SS. Despite that, I don't want or need the check, so I CAN wait. I'll be giving it out to all those service people who have made TV a wonderful place. Barber, dog groomer, wait staff, golf shop workers, etc. I doubt you'll be one of them

///

[Nucky]

i do get a pension but i’m standing right next to you

Six feet away.

[DianeM]

Six feet away.

///

[xkeowner]

Our deposit arrived today.

[Chi-Town]

Stimulus checks are going to be delayed several days due to adding Trump's signature.

[DianeM]

Stimulus checks are going to be delayed several days due to adding Trump's signature.

Two weeks to those with no direct deposit so a paper check

Not his idea. Treasury Department insisted due to size of plan.

Not right to skew to the negative when it isn’t

[Wiserbud47]

We received our "tax relief" payment in our checking account on April 14.

[Parker]

Stimulus checks are going to be delayed several days due to adding Trump's signature.

Saw on the news yesterday that this was entirely untrue 'disinformation'.

[pacjag]

Mine was deposited this morning or last night.

[judyflorida]

yes, got mine today. good surprise:MOJE_whot:

[davefin]

Letter arrived in the mail today, from IRS dated February 17. His 2018 taxes were audited, and found a mistake.

The check was a refund from IRS for their findings. As he said if letter would have come 6 weeks ago, when it was dated, there would not been a guessing game.

So check deposit was legit, however not stimulus.

He said since it’s found money, it’s still going to his employees who are still waiting on unemployment.

His hope is anyone who does not need their stimulus, if you could go to your favorite restaurant and donate to the staff. They have served you well, and even though they would expect nothing, they would be grateful

Still cannot understand why there was withholding on a refund check. Taxes were already paid!

[Jayhawk]

Still cannot understand why there was withholding on a refund check. Taxes were already paid!

1. There wasn't any withholding
2. It's not a refund
3. It's a tax credit paid in advance

[Schneil]

deposited last night

[chet2020]

Prev Poster: Stimulus checks are going to be delayed several days due to adding Trump's signature.

Two weeks to those with no direct deposit so a paper check

Not his idea. Treasury Department insisted due to size of plan.

Not right to skew to the negative when it isn’t

This makes no sense. The Treasury Dept is under the gun, why would they make more work themselves?

[davefin]

1. There wasn't any withholding
2. It's not a refund
3. It's a tax credit paid in advance

I wasn't referring to the stimulus payment. I was responding to this post that was clarified later as NOT being a stimulus payment. It had 27% FIT withheld. Can not understand why??? Please go back and read the original intent of this post.

[OrangeBlossomBaby]

No. Your original post implied that the delay was due to Trump wanting his name on the checks. That was the skew.

There IS a delay due to that. It's just a couple extra days, because the final decision on whether or not his name would appear, didn't come until recently and they had to print the checks.

The checks still weren't going to be sent out for another week or two, but now it's another week or two - plus a couple of days.

Meanwhile, the "My Payment" tracker on the irs.gov website says it can't determine whether or not I'm eligible to receive a stimulus check. I don't know why, we fell under the max in 2018 by around $40,000, and in 2019 we fell under it by just around $90,000. So we absolutely qualify.

[John_W]

If you didn't have a checking account on file with the IRS, only filed but never received a refund, then they start mailing checks May 4th at the rate of 5 million per week. Trumps name will appear in the memo stub, that has not delayed the printing at all. However, it may take up to 20 weeks to mail all the checks at this rate.

[OrangeBlossomBaby]

If you didn't have a checking account on file with the IRS, only filed but never received a refund, then they start mailing checks May 4th at the rate of 5 million per week. Trumps name will appear in the memo stub, that has not delayed the printing at all. However, it may take up to 20 weeks to mail all the checks at this rate.

It's not tied to whether or not you got a refund. It's whether or not your bank account info was on file. Our bank account had been on file because we paid the taxes we owed electronically. No refund - payment. But the account info was in the system.

[billethkid]

If you didn't have a checking account on file with the IRS, only filed but never received a refund, then they start mailing checks May 4th at the rate of 5 million per week. Trumps name will appear in the memo stub, that has not delayed the printing at all. However, it may take up to 20 weeks to mail all the checks at this rate.

If you are currently collecting SS by direct deposit the stimulus check will be deposited the same way.

[DianeM]

///

[OrangeBlossomBaby]

Now I find out we paid by check. But we only owed this past year, and the year before. Every other year before 2018, we got a refund, and the refund was always deposited electronically into our bank account.

But apparently that's not good enough for this stimulus check thing, they'll only go back to 2018. I checked the tool and there's no option to provide deposit information, if you paid tax by check in the past two years. ONLY if you got refunds by check in the past 2 years, or didn't file at all in the past 2 years.

So those of us who actually paid by check - will likely be among the last to see any of this stimulus check. So much for the new screen door. It was a nice thought, anyway. Maybe we'll get one in a few months.

[KittyKat]

Please see post #73.

[asianthree]

I wasn't referring to the stimulus payment. I was responding to this post that was clarified later as NOT being a stimulus payment. It had 27% FIT withheld. Can not understand why??? Please go back and read the original intent of this post.

I am original OP if you read our youngest was guessing as to What the Deposit was.....if it was stim check was there taxes or was it the reduction because he makes over $75000. If you read posts the letter from treasury dept, that arrived 6 weeks late, stated it was an error on HIS 2018 taxes, would receive deposit first of April. Would not have been a guessing game if letter would have arrived in February when it was generated.

So recap not stim, no 27% taxes removed, ERROR on 2018 TAX RETURN, deposited in account.

[matandch]

You are correct, sir. It’s non taxable.