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billlaur
04-15-2020, 06:04 AM
Should get check today...:coolsmiley:

pacjag
04-15-2020, 06:28 AM
An email notification from my bank this morning indicated my “check” was deposited this morning into my account.

billlaur
04-15-2020, 06:54 AM
me to got it also:bigbow: is this a gr8 country or what

champion6
04-15-2020, 07:10 AM
Ours was deposited last night.

asianthree
04-15-2020, 08:20 AM
Our grandchildren both got theirs, college students working part time, they are under the poverty level of $10,000. Site says direct deposit checks coming weekly with lower incomes first. Deposits could last through September for higher income..

Smart thinking getting those who need it most deposit first.

So far no deposit for us or kids.

mrf6969
04-15-2020, 08:36 AM
Lets hope we Villagers are one of the last to receive checks if at all. Taking care of those that are struggling, should be taken care of first for sure.
We that live in TV must be at the top 5% earners so lets hope to God we are at the end of the train.

Chatbrat
04-15-2020, 08:43 AM
If you are fully retired, IMHO-you should not be eligible for any stimulus $$, you should be able to live on your retirement income, not get a bonus designed for people who are out of work--be a mensch and donate your check-we won't be getting one, income above the guidelines

LuvtheVillages
04-15-2020, 09:08 AM
The government deposit I received today was my regular Social Security, not the stimulus check.
No rush. It will come when it comes.

dewilson58
04-15-2020, 09:24 AM
If you are fully retired, IMHO-you should not be eligible for any stimulus $$, you should be able to live on your retirement income, not get a bonus designed for people who are out of work--be a mensch and donate your check-we won't be getting one, income above the guidelines


The point is stimulus. Go stimulate with the funds.

Chatbrat
04-15-2020, 09:29 AM
here is nothing to spend any additional income on, but just recurring bills, again we're not eligible for the stimulus

OrangeBlossomBaby
04-15-2020, 09:39 AM
Lets hope we Villagers are one of the last to receive checks if at all. Taking care of those that are struggling, should be taken care of first for sure.
We that live in TV must be at the top 5% earners so lets hope to God we are at the end of the train.

That isn't even almost true. Some of us live just barely above poverty level, and still work to ensure that we can have affordable health insurance. Many people living in the Villages are not yet eligible for Social Security - this is a 55+ community, not a 62+ community, afterall.

The cost of buying a "gently used" home in the Villages is low, compared to where some of us came from, and that makes it affordable for us to buy. The cost of living is also comparably low, especially considering there's no state income tax and, as said, we are still working.

Many of us are living off nothing more than a modest pension, and whatever income we get from working minimum wage jobs in the area part-time.

The stimulus checks aren't lifesavers for us - since we're not exactly "struggling" but they are a huge blessing that allows us a little wiggle-room to get a few odds and ends we were hoping to get, but just had to put on the back burner for awhile.

For us, it might be a new screen door, since our old one was a piece of trash and we got rid of it the week we moved in. Maybe a new bottle of eye cream. A new pair of shorts. And a new pair of eyeglasses, which I am a year overdue in getting but insurance doesn't cover it and I don't have a discount program.

dewilson58
04-15-2020, 09:48 AM
We that live in TV must be at the top 5% earners so lets hope to God we are at the end of the train.


Top 5% = over $290,000/yr


:1rotfl:

photo1902
04-15-2020, 09:48 AM
///

champion6
04-15-2020, 09:48 AM
From U.S. Census Bureau:

Sumter County, FL
Median household income (in 2018 dollars), 2014-2018 -- $55,228
Per capita income in past 12 months (in 2018 dollars), 2014-2018 -- $33,629
Persons in poverty, percent -- 9.3%

photo1902
04-15-2020, 09:49 AM
That isn't even almost true. Some of us live just barely above poverty level, and still work to ensure that we can have affordable health insurance. Many people living in the Villages are not yet eligible for Social Security - this is a 55+ community, not a 62+ community, afterall.

The cost of buying a "gently used" home in the Villages is low, compared to where some of us came from, and that makes it affordable for us to buy. The cost of living is also comparably low, especially considering there's no state income tax and, as said, we are still working.

Many of us are living off nothing more than a modest pension, and whatever income we get from working minimum wage jobs in the area part-time.

The stimulus checks aren't lifesavers for us - since we're not exactly "struggling" but they are a huge blessing that allows us a little wiggle-room to get a few odds and ends we were hoping to get, but just had to put on the back burner for awhile.

For us, it might be a new screen door, since our old one was a piece of trash and we got rid of it the week we moved in. Maybe a new bottle of eye cream. A new pair of shorts. And a new pair of eyeglasses, which I am a year overdue in getting but insurance doesn't cover it and I don't have a discount program.

Very well said.

asianthree
04-15-2020, 09:50 AM
From U.S. Census Bureau:

Sumter County, FL
Median household income (in 2018 dollars), 2014-2018 -- $55,228
Per capita income in past 12 months (in 2018 dollars), 2014-2018 -- $33,629
Persons in poverty, percent -- 9.3%

But that all of Sumter, not just the Villages. This is not a inexpensive community to live in

mrf6969
04-15-2020, 09:55 AM
Then I hope to God you do get yours soon to help your struggles. God bless

mrf6969
04-15-2020, 09:59 AM
Yep

Jayhawk
04-15-2020, 10:16 AM
here is nothing to spend any additional income on, but just recurring bills, again we're not eligible for the stimulus

That makes it easier it tell everyone else to donate theirs, doesn't it?

Medtrans
04-15-2020, 10:48 AM
The point is stimulus. Go stimulate with the funds.

We’re not all in the same boat. We have no pension and live off our savings and social security. We are good with our finances but we will use our money to stimulate the economy. Isn’t it better to use the restaurants, shops, travel, etc.? It gives jobs back.

Marathon Man
04-15-2020, 11:23 AM
If you are fully retired, IMHO-you should not be eligible for any stimulus $$, you should be able to live on your retirement income, not get a bonus designed for people who are out of work--be a mensch and donate your check-we won't be getting one, income above the guidelines

This money is intended to be spent so that jobs can be saved. It's not about whether or not you need it to live. When you get your un-needed stimulus money, go spend it.

queasy27
04-15-2020, 11:53 AM
Nothing for me so far.

I'm interested to see how it will shake out since I typically owe no taxes and don't have direct deposit info on file with the IRS, but do for social security. News reports say I should be getting a direct deposit, but will the two agencies work together to figure it out? Stay tuned! :icon_wink:

John_W
04-15-2020, 12:54 PM
I just read that the IRS is handling this, they will deposit the money into the checking account of those who had a refund and their checking account was on file already. This started last night (Tuesday) If you filed with the IRS but didn't have a refund, then you'll be mailed a paper check beginning May 4th at the rate of 5 million per week, and then could take up to 20 weeks. If you didn't file with the IRS, I would guess they use Social Security records, but I haven't read anything on that.

DianeM
04-15-2020, 12:59 PM
Lets hope we Villagers are one of the last to receive checks if at all. Taking care of those that are struggling, should be taken care of first for sure.
We that live in TV must be at the top 5% earners so lets hope to God we are at the end of the train.

Made a lot of assumptions there. What flavor koolaid did you drink that told you we’re the top 5%?

DianeM
04-15-2020, 01:02 PM
That makes it easier it tell everyone else to donate theirs, doesn't it?

Well stated !!!!

trueorange
04-15-2020, 01:11 PM
We got ours deposited today and I immediately wrote out 2 checks, one for the local food bank and the balance to the local diaper bank. There are a lot of people who need the money more than we do.

Rapscallion St Croix
04-15-2020, 01:48 PM
According to a digital banking service survey, here is where the stimulus money is being spent"

People who received stimulus checks starting Friday already spent 16% on food orders, 14% on money transfers to friends and relatives, and 10% on gas. Grocery stores are eating up 9% of stimulus checks while 4% of the money is covering bills, and 5% is being spent on video games.
I would guess that some of the 14% sent to friends and relatives is also going to video games.

EdFNJ
04-15-2020, 02:10 PM
We that live in TV must be at the top 5% earners :1rotfl::1rotfl::1rotfl::1rotfl::1rotfl::1rotfl:

EdFNJ
04-15-2020, 02:15 PM
If you are fully retired, IMHO-you should not be eligible for any stimulus $$, you should be able to live on your retirement income, not get a bonus designed for people who are out of work--be a mensch and donate your check-we won't be getting one, income above the guidelines
Actually it wasn't "designed for people out of work" it was designed to be spent to "stimulate" the economy. That would likely be the extra $600 included with unemployment checks you might be thinking about. Glad to hear your financially successful though so you should also post your 1040.

billlaur
04-15-2020, 02:47 PM
U da Man... go enjoy it....you earned it:bigbow:

billlaur
04-15-2020, 03:01 PM
Good 4 u......

asianthree
04-15-2020, 03:27 PM
This money is intended to be spent so that jobs can be saved. It's not about whether or not you need it to live. When you get your un-needed stimulus money, go spend it.

I think you missed the point, chats not getting a check,

gadaboutgal
04-15-2020, 03:40 PM
Duh, where to spend that money on willy nilly purchases that we are not in need of when we are locked down?

skip0358
04-16-2020, 06:24 AM
Top 5% = over $290,000/yr


:1rotfl:

If your in that category good for you! I know very few. We have 3 categories here The Rich, the not so rich & the just getting by. I think you'd be amazed at how many people living in TV that are still working. Some because they're bored, some because they need play money, & then those that must to make ends meet. There are people here that go to the food pantry & the used clothing places because they have to. Most moved here from wherever to avoid the high taxes, utilities, fuel expenses etc. If it's a Husband & Wife household maybe both are getting SSI maybe some are only getting one. So yes this stimulus check is very much appreciated. As for mine it's going to be used for items we put off or can't do anymore and hiring someone to do what needs to be done hence putting someone to work that isn't working or is not in the big bucks bracket. Those of you who are in the Big Bucks brackets good for you. I can assure you there are MANY here that are not and these checks will be spent for sure!

LI SNOWBIRD
04-16-2020, 08:55 AM
I like your use of the word "mensch".

tophcfa
04-16-2020, 08:59 AM
When is this promised “portal” going to be available so people whose direct deposit information is not on file can provide the information?

retiredguy123
04-16-2020, 09:02 AM
When is this promised “portal” going to be available so people whose direct deposit information is not on file can provide the information?
It is available now. Go to IRS.gov, and click on "get my payment". Although, the site is somewhat crowded.

dewilson58
04-16-2020, 09:56 AM
It is available now. Go to IRS.gov, and click on "get my payment". Although, the site is somewhat crowded.


My daughter used it this morning......worked well.

Rapscallion St Croix
04-16-2020, 10:01 AM
I think the stimulus check should be for $7999, but not because that is how much a refurbished Batman pinball machine costs.

Trishakaye
04-18-2020, 09:24 AM
Lets hope we Villagers are one of the last to receive checks if at all. Taking care of those that are struggling, should be taken care of first for sure.
We that live in TV must be at the top 5% earners so lets hope to God we are at the end of the train.

Give my check to a young family that needs the help. As retirees living in The Villages, if this check is necessary to buy groceries or pay bills then maybe you haven’t prepared for retirement as well as you should

Jayhawk
04-18-2020, 09:33 AM
Give my check to a young family that needs the help. As retirees living in The Villages, if this check is necessary to buy groceries or pay bills then maybe you haven’t prepared for retirement as well as you should

That's a helluva bold statement. You are clueless as to people's history. You don't know who put 5 or 6 kids through college or had a parent that required costly attention. Or maybe themselves had a costly medical issue.

I really don't understand how some people who don't know squat can be so judgmental.

And by the way if you are giving your stimulus to others, just DO IT but don't come on here and brag about it. Too self-serving.

GoodLife
04-18-2020, 09:48 AM
That's a helluva bold statement. You are clueless as to people's history. You don't know who put 5 or 6 kids through college or had a parent that required costly attention. Or maybe themselves had a costly medical issue.

I really don't understand how some people who don't know squat can be so judgmental.

And by the way if you are giving your stimulus to others, just DO IT but don't come on here and brag about it. Too self-serving.

:bigbow: I remember comments on one of the first stimulus threads here where people were saying nobody on social security should receive a check since they were getting by before and "nothing's changed"

Welp, grocery prices are going up for one thing.

Grocery prices increasing significantly on certain items during pandemic :: WRAL.com (https://www.wral.com/coronavirus/grocery-prices-increasing-significantly-on-certain-items-during-pandemic/19035192/)

Heck, if this thing goes on for 18 months as some predict, your hand sanitizer bill alone could be $1200.

VApeople
04-18-2020, 10:12 AM
That's a helluva bold statement. You are clueless as to people's history. You don't know who put 5 or 6 kids through college or had a parent that required costly attention. Or maybe themselves had a costly medical issue.

I really don't understand how some people who don't know squat can be so judgmental.

And by the way if you are giving your stimulus to others, just DO IT but don't come on here and brag about it. Too self-serving.

That is an absolutely wonderful post.

Carla B
04-18-2020, 12:43 PM
I'm giving mine to my daughter who just got "furloughed" after working for the same mega corp for 20 years. What it really means is that it's a convenient time for them to shed employees who are at the top of their pay scale.

Schaumburger
04-18-2020, 12:56 PM
That's a helluva bold statement. You are clueless as to people's history. You don't know who put 5 or 6 kids through college or had a parent that required costly attention. Or maybe themselves had a costly medical issue.

I really don't understand how some people who don't know squat can be so judgmental.

And by the way if you are giving your stimulus to others, just DO IT but don't come on here and brag about it. Too self-serving.

Well said.

ColdNoMore
04-18-2020, 02:02 PM
Give my check to a young family that needs the help. As retirees living in The Villages, if this check is necessary to buy groceries or pay bills then maybe you haven’t prepared for retirement as well as you should

While your statement is not inclusive of, nor describes, all Villager's...I completely understand your point.

If someone with an actual net worth of say 7 figures, but is easily getting by yearly with just their SS checks (and maybe part-time work to keep from being bored)...will be getting a check.

In the interest of overall fairness...that doesn't seem right to me.

It would, of course, have taken too much time to determine those who actually don't really need it because of their savings/investment/home equity/Etc., so I get why they're immediately sending it out to all SS beneficiaries and/or to whose yearly income was below the set thresholds (regardless of their actual net worth), but I wished they were able to give more to those who really need it...and nothing to those of us who don't. :shrug:

It's a moot point for me personally, but it is interesting to watch on how many folks seem to be rapidly changing their minds (albeit, maybe they don't even realize it)...about socialism.

DianeM
04-18-2020, 02:09 PM
Give my check to a young family that needs the help. As retirees living in The Villages, if this check is necessary to buy groceries or pay bills then maybe you haven’t prepared for retirement as well as you should

...

Rango
04-18-2020, 02:09 PM
If you are fully retired, IMHO-you should not be eligible for any stimulus $$, you should be able to live on your retirement income, not get a bonus designed for people who are out of work--be a mensch and donate your check-we won't be getting one, income above the guidelines

If your adjusted gross income is $75k or above you won’t get a check

OrangeBlossomBaby
04-18-2020, 02:12 PM
While your statement is not inclusive of, nor describes, all Villager's...I completely understand your point.

If someone with an actual net worth of say 7 figures, but is easily getting by yearly with just their SS checks (and maybe part-time work to keep from being bored)...will be getting a check.

In the interest of overall fairness...that doesn't seem right to me.

It would, of course, have taken too much time to determine those who actually don't really need it because of their savings/investment/home equity/Etc., so I get why they're immediately sending it out to all SS beneficiaries and/or to whose yearly income was below the set thresholds (regardless of their actual net worth), but I wished they were able to give more to those who really need it...and nothing to those of us who don't. :shrug:

It's a moot point for me personally, but it is interesting to watch on how many folks seem to be rapidly changing their minds (albeit, maybe they don't even realize it)...about socialism.



It's not determined by how much you get paid in a job or receive in social security. It is your adjusted gross income. That includes wages, dividends, capital gains, interest, and retirement investments.

If your "net worth" is over a million bucks, it's not likely you have most of it in cash stuffed under a mattress. You likely have it invested. And it's earning interest. If, at the end of the year, your AGI is over $75,000, you're not getting a check. If you and your significant other have an AGI over $150,000 combined, then you're not getting a check.

You don't have to be poor to get a check. And you don't have to simply live off a modest social security check to qualify for it. You have to count ALL your revenue streams.

karostay
04-18-2020, 02:29 PM
Texas Holdem $1200 buy in

DianeM
04-18-2020, 02:32 PM
If your adjusted gross income is $75k or above you won’t get a check

Not quite. After $75k out to $99k the amount is prorated down by a percentage. After $99k, then payments stop.

DianeM
04-18-2020, 02:35 PM
[QUOTE=OrangeBlossomBaby;1748810]

... If, at the end of the year, your AGI is over $75,000, you're not getting a check.



Not quite. Up to $75k you get the full $1200. After that, up to $99k, the amount is prorated down until after $99k, you do not get a check.

Rapscallion St Croix
04-18-2020, 02:45 PM
If your adjusted gross income is $75k or above you won’t get a check

You can double that to 150K and get 2400 if married filing jointly.

billlaur
04-18-2020, 03:11 PM
Let the good times roll....:coolsmiley::a040::MOJE_whot:

billlaur
04-18-2020, 03:13 PM
Cant wait for the second check,maybe itll be more....:bigbow::coolsmiley:

OrangeBlossomBaby
04-18-2020, 04:45 PM
... If, at the end of the year, your AGI is over $75,000, you're not getting a check.



Not quite. Up to $75k you get the full $1200. After that, up to $99k, the amount is prorated down until after $99k, you do not get a check.

Thanks for the clarification on that. I'd forgotten it was reduced over 75k. It does have a limit though - and it's still not likely that someone with a net worth of over a million dollars will get a check, even if they're "living off" their social security. Possible, but not likely because it's based on AGI and not what you're using to pay the bills.

biker1
04-18-2020, 05:03 PM
No, not true at all. It depends on how your money is invested and, if it is qualified money, whether you are taking distributions yet. Whether you are taking distribution from qualified money is a function of your age and other investments that may not be producing taxable income. It is not all that different than Obamacare. You can get a subsidy with a very high net worth depending on how your money is invested.

Thanks for the clarification on that. I'd forgotten it was reduced over 75k. It does have a limit though - and it's still not likely that someone with a net worth of over a million dollars will get a check, even if they're "living off" their social security. Possible, but not likely because it's based on AGI and not what you're using to pay the bills.

Chatbrat
04-18-2020, 05:28 PM
What would you say to a person who is getting $10K week in tax free interest who is eligible to get a check ? It can happen

DianeM
04-18-2020, 05:56 PM
Thanks for the clarification on that. I'd forgotten it was reduced over 75k. It does have a limit though - and it's still not likely that someone with a net worth of over a million dollars will get a check, even if they're "living off" their social security. Possible, but not likely because it's based on AGI and not what you're using to pay the bills.

It should have a limit absolutely.

DianeM
04-18-2020, 05:57 PM
What would you say to a person who is getting $10K week in tax free interest who is eligible to get a check ? It can happen

I would say that someone always figures out a scam

Kenswing
04-18-2020, 06:52 PM
What would you say to a person who is getting $10K week in tax free interest who is eligible to get a check ? It can happen

I would say that someone always figures out a scam

Not a scam at all. If someone invested $10 million in tax free municipal bonds at 5.25% they would be getting $10,000 a month tax free. Making them still eligible for a check Not many people in that position but I'm sure they're out there.

Rapscallion St Croix
04-18-2020, 06:52 PM
What would you say to a person who is getting $10K week in tax free interest who is eligible to get a check ? It can happen

I would ask them if they would be interested in a $1000.00 Nassau.

DianeM
04-18-2020, 06:53 PM
Not a scam at all. If someone invested $10 million in tax free municipal bonds at 5.25% they would be getting $10,000 a month tax free. Not many people in that position but I'm sure they're out there.

Okay.

John_W
04-18-2020, 09:42 PM
What would you say to a person who is getting $10K week in tax free interest who is eligible to get a check ? It can happen

From the IRS Stimulus Website:

You will get the full amount for the stimulus check if your Adjusted Gross Income (AGI) is:

$75,000 or less for single filers
$150,000 or less for married couples filing jointly with no children
$112,500 or less for heads of household


Now, I'm no math genius, but I've been doing my taxes for 20 years using Turbotax and even I know the AGI (Adjusted Gross Income) is what's on line 37 of your 1040. That's all that really matters. It's only based on what you tell the IRS every year.

Those who have filed taxes with the IRS but haven't given them your checking account because you never got a refund. You can go the IRS website and give them the info and set up an account. I attempted that earlier, you'll need a cell phone, but when I attempted it wouldn't accept my cellphone I guess because it's a prepaid phone, which I've had for years. Here's the link.

Economic Impact Payments | Internal Revenue Service (https://www.irs.gov/coronavirus/economic-impact-payments)

For those of us who filed taxes and are unable to setup an IRS account, you will be mailed a paper check. You can check the status of that without a cell phone. I found out that my check will be mailed April 24.

Get My Payment | Internal Revenue Service (https://www.irs.gov/coronavirus/get-my-payment)

queasy27
04-18-2020, 10:37 PM
Thanks for the info, John_W.

I went to the link and after entering my info, was told that my check is scheduled to be mailed in a few days. Fine, whatever. But we were told that social security recipients who have direct deposit info on file would be getting direct deposits. Not so for me at least.

John_W
04-18-2020, 10:40 PM
Thanks for the info, John_W.

I went to the link and after entering my info, was told that my check is scheduled to be mailed in a few days. Fine, whatever. But we were told that social security recipients who have direct deposit info on file would be getting direct deposits. Not so for me at least.

You would think so, but it's all in the IRS hands, so it's what they have on file.

Villageswimmer
04-20-2020, 05:20 AM
One thing I haven’t seen mentioned here is that if you owed money (as opposed to a refund), even though the amount owed was debited from your bank account by the IRS, they do not have your bank info for the purpose of the stimulus. If you want the stimulus direct deposited, you need to get on their site and enter your bank info, etc. Otherwise, they mail a check.

Apparently, they retain bank info when a refund is involved but purge it if a payment is taken from your account. I double checked this, thinking perhaps I mailed them a check, but sure enough, the IRS did debit my account for the tax payment due. Incongruous, huh?

Topspinmo
04-20-2020, 03:42 PM
We’re not all in the same boat. We have no pension and live off our savings and social security. We are good with our finances but we will use our money to stimulate the economy. Isn’t it better to use the restaurants, shops, travel, etc.? It gives jobs back.


TRAVEL? That’s what got us into this?

OrangeBlossomBaby
04-20-2020, 03:51 PM
From the IRS Stimulus Website:

You will get the full amount for the stimulus check if your Adjusted Gross Income (AGI) is:

$75,000 or less for single filers
$150,000 or less for married couples filing jointly with no children
$112,500 or less for heads of household


For those of us who filed taxes and are unable to setup an IRS account, you will be mailed a paper check. You can check the status of that without a cell phone. I found out that my check will be mailed April 24.

Get My Payment | Internal Revenue Service (https://www.irs.gov/coronavirus/get-my-payment)

Not everyone can find out the status.

When we filed, in April 2018 in Connecticut for our 2017 tax year, we filed electronically. We got a refund electronically deposited to our accounts.

When we filed, in April 2019 in Connecticut for our 2018 tax year, we filed by mail and NOT electronically because we had to get help from AARP, our situation was too complicated to do it ourselves. We had to pay, and paid by check.

When we filed, two weeks ago, in Florida, for our 2019 tax year - of which 10 months were spent residing in Connecticut and 2 months residing in our new home in Florida - we filed electronically and we owe. We will be paying by check at some point before the delayed deadline.

When I look up my status, I try first with my current address, it says it can't determine eligibility. I try next with my previous address, and get the same message.

I'm assuming we'll get a paper check at some point, eventually, but the website doesn't offer any way for us to find out.

Chatbrat
04-20-2020, 04:30 PM
Kenswing -5.25%= $250,000. /yr + = $20 K a month, don't ask how I know

Jayhawk
04-20-2020, 05:29 PM
Kenswing -5.25%= $250,000. /yr + = $20 K a month, don't ask how I know

Incredible. And wrong.

ColdNoMore
04-20-2020, 06:46 PM
Not a scam at all. If someone invested $10 million in tax free municipal bonds at 5.25% they would be getting $10,000 a month tax free. Making them still eligible for a check Not many people in that position but I'm sure they're out there.

Ummm, you may want to change the batteries in your calculator.

Assuming that the principal is somehow magically refilled and the $10M remains constant, a 5.25% annual interest on that $10M = $525,000 per year... or about $10.1K "per week."

Not "per month."

ColdNoMore
04-20-2020, 06:48 PM
Kenswing -5.25%= $250,000. /yr + = $20 K a month, don't ask how I know

I'm also not going to ask where/how...you were taught simple math. :oops:

Kenswing
04-20-2020, 06:49 PM
Ummm, you may want to change the batteries in your calculator.

Assuming that the principal is somehow magically refilled and the $10M remains constant, a 5.25% annual interest on that $10M = $525,000 per year... or about $10.1K "per week."

Not "per month."
BFD.. Chat initially referenced $10,000 per week. I calculated it per week but made the huge mistake of typing month..

Welcome back.. :ohdear:

ColdNoMore
04-20-2020, 06:53 PM
Thank you. :ho:

Kerry Azz
04-21-2020, 12:48 PM
I haven’t been stimulated yet, lol

photo1902
04-21-2020, 12:50 PM
Not everyone can find out the status.

When we filed, in April 2018 in Connecticut for our 2017 tax year, we filed electronically. We got a refund electronically deposited to our accounts.

When we filed, in April 2019 in Connecticut for our 2018 tax year, we filed by mail and NOT electronically because we had to get help from AARP, our situation was too complicated to do it ourselves. We had to pay, and paid by check.

When we filed, two weeks ago, in Florida, for our 2019 tax year - of which 10 months were spent residing in Connecticut and 2 months residing in our new home in Florida - we filed electronically and we owe. We will be paying by check at some point before the delayed deadline.

When I look up my status, I try first with my current address, it says it can't determine eligibility. I try next with my previous address, and get the same message.

I'm assuming we'll get a paper check at some point, eventually, but the website doesn't offer any way for us to find out.

Same here. With no way to "update" bank info. Since we owed the last four years, they cannot accept the bank info they took the money from. Go figure.

retiredguy123
04-21-2020, 01:13 PM
Same here. With no way to "update" bank info. Since we owed the last four years, they cannot accept the bank info they took the money from. Go figure.
I prepared and filed a 2019 tax return for a friend who owed money. I included the bank information on the return and the IRS collected it electronically. But, when I went to check the stimulus money status a few weeks later, there was no bank information, but there was a data page that allowed me to enter the AGI and the bank information. The next day, the IRS site said that the stimulus money will be deposited into the bank electronically, and included the last 4 digits of the bank account that I had entered the day before.

Villageswimmer
04-21-2020, 01:29 PM
I prepared and filed a 2019 tax return for a friend who owed money. I included the bank information on the return and the IRS collected it electronically. But, when I went to check the stimulus money status a few weeks later, there was no bank information, but there was a data page that allowed me to enter the AGI and the bank information. The next day, the IRS site said that the stimulus money will be deposited into the bank electronically, and included the last 4 digits of the bank account that I had entered the day before.

Same experience here.

photo1902
04-21-2020, 01:36 PM
I prepared and filed a 2019 tax return for a friend who owed money. I included the bank information on the return and the IRS collected it electronically. But, when I went to check the stimulus money status a few weeks later, there was no bank information, but there was a data page that allowed me to enter the AGI and the bank information. The next day, the IRS site said that the stimulus money will be deposited into the bank electronically, and included the last 4 digits of the bank account that I had entered the day before.

Thanks. I think the difference being is that our deduction isn’t scheduled until July.

tophcfa
04-21-2020, 01:39 PM
I am getting very frustrated with the portal on the irs.gov website where I am supposed to be able to enter our direct deposit information. I go to irs.gov and click get my payment and input the required information and I get the message "Payment Status Not Available". I have tried several times over the last few days and just keep getting the same message over and over, and the only option available after I get the message is to click the EXIT tab, and start the same worthless loop again. And to think that some people want the government to run our entire health care system when they can't even make a portal on a website work correctly? Go figure?

LI SNOWBIRD
04-22-2020, 08:43 AM
Duh, where to spend that money on willy nilly purchases that we are not in need of when we are locked down?

Leve my dear friends Willy and Nilly out of this conversation :a040:

2BNTV
04-22-2020, 03:13 PM
I got mine on Tuesday via mail. :smiley:

queasy27
04-22-2020, 07:10 PM
I go to irs.gov and click get my payment and input the required information and I get the message "Payment Status Not Available".

Sorry you're having trouble. I used this link (https://sa.www4.irs.gov/irfof-wmsp/notice)to check my status, which seems to be working.

Here's what the FAQ has to say:

The Get My Payment application will return "Payment Status Not Available" for several reasons, including:

1. You are required to file a tax return, but:
We haven't finished processing your 2019 return
The application doesn't yet have your data

2. You don't usually file a return, and you used Non-Filers: Enter Payment Info Here but we haven’t processed your entry yet

3. You receive an SSA or RRB Form 1099 or SSI or VA benefits; information has not yet been loaded onto our systems for people who don’t normally file a tax return.

4. You’re not eligible for a payment.

We update Get My Payment data once per day, overnight so there is no need to check more often. If you are eligible for a payment and have provided your information either through a recent tax return or the Non-Filers: Enter Payment Info Here application, please check back for updates.

tophcfa
04-22-2020, 09:46 PM
Sorry you're having trouble. I used this link (https://sa.www4.irs.gov/irfof-wmsp/notice)to check my status, which seems to be working.

Here's what the FAQ has to say:

The Get My Payment application will return "Payment Status Not Available" for several reasons, including:

1. You are required to file a tax return, but:
We haven't finished processing your 2019 return
The application doesn't yet have your data

2. You don't usually file a return, and you used Non-Filers: Enter Payment Info Here but we haven’t processed your entry yet

3. You receive an SSA or RRB Form 1099 or SSI or VA benefits; information has not yet been loaded onto our systems for people who don’t normally file a tax return.

4. You’re not eligible for a payment.

We update Get My Payment data once per day, overnight so there is no need to check more often. If you are eligible for a payment and have provided your information either through a recent tax return or the Non-Filers: Enter Payment Info Here application, please check back for updates.

You are absolutely correct, because I am living it. Here is the problem. None of the 4 reasons listed in the FAQ section, which you replicated above, are relevant to me. And I have checked back now for several days in a row only to get the same dam message. The portal seems to work for some, but definitely not for others.

delima2000
04-24-2020, 04:18 PM
I am getting very frustrated with the portal on the irs.gov website where I am supposed to be able to enter our direct deposit information. I go to irs.gov and click get my payment and input the required information and I get the message "Payment Status Not Available". I have tried several times over the last few days and just keep getting the same message over and over, and the only option available after I get the message is to click the EXIT tab, and start the same worthless loop again. And to think that some people want the government to run our entire health care system when they can't even make a portal on a website work correctly? Go figure?

I’m getting the same message. I filed our 2019 taxes last February and we didn’t have to pay. There is no place to,show that you didn’t get a refund. They only have got refund or owed taxes. In 2018 we got a refund and when I used that it said didn’t have information. Will our check be mailed even though the past years we got refunds and had direct deposit. This is the first year we didn’t have to pay or get a refund. Help please.

Villageswimmer
04-24-2020, 04:57 PM
I’m getting the same message. I filed our 2019 taxes last February and we didn’t have to pay. There is no place to,show that you didn’t get a refund. They only have got refund or owed taxes. In 2018 we got a refund and when I used that it said didn’t have information. Will our check be mailed even though the past years we got refunds and had direct deposit. This is the first year we didn’t have to pay or get a refund. Help please.

Maybe I can help. I participate in a financial forum. This issue was brought up by someone who had the excess tax he paid applied to next year’s tax. So, no refund, no tax to be debited. Posters who know much more than I do, said that when code was written, this situation wasn’t considered.

So...IRS will mail your check. When? no one had an answer. I think you just need to wait.

delima2000
04-24-2020, 05:00 PM
That’s what I thought I will get the check mailed. Thank you. I feel a little better. Just needed someone else to direct me as I was going crazy on the web site.

OrangeBlossomBaby
04-24-2020, 05:11 PM
FINALLY today I got the result "You are eligible but we don't have bank information, please click here to submit bank information if you want it electronically deposited."

(note: it didn't say exactly that, that's just the general idea)

Prior to today, it only said it couldn't tell whether or not I was eligible, and no option to provide bank info.

So we'll be getting the deposit soon, I hope!

Rapscallion St Croix
04-24-2020, 05:43 PM
FINALLY today I got the result "You are eligible but we don't have bank information, please click here to submit bank information if you want it electronically deposited."

(note: it didn't say exactly that, that's just the general idea)

Prior to today, it only said it couldn't tell whether or not I was eligible, and no option to provide bank info.

So we'll be getting the deposit soon, I hope!

Ditto, here.

davem4616
04-24-2020, 06:11 PM
our check hasn't arrived yet

we're fortunate that when it does our check will be going to helping those in need

we've been blessed and are able to do it

Bob3302
04-25-2020, 10:09 AM
I haven’t been stimulated yet, lol
We were not going to file till July as the accountant we use has been sick and now overwhelmed. Does this mean we will not receive anything till we file in July or will they use our previous year (2018)

CWGUY
04-25-2020, 11:09 AM
We were not going to file till July as the accountant we use has been sick and now overwhelmed. Does this mean we will not receive anything till we file in July or will they use our previous year (2018)

:) Go to: Get My Payment | Internal Revenue Service (https://www.irs.gov/coronavirus/get-my-payment)

charlieo1126@gmail.com
04-25-2020, 11:19 AM
Same is the key word not sarcasm

retiredguy123
04-25-2020, 11:26 AM
///

frank1975
04-25-2020, 12:20 PM
You look real foolish trying to speak for everyone in the TV. Some of us need it more then others. I actually got mine 4/25. $2400

lwmilo
04-25-2020, 07:34 PM
My feelings exactly..Kudos for saying it.