Stimulus check deposited today?
 

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

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

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?

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.

It seems fishy to me.

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

That's so nice of him.

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

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.

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 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.

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

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

Check
 

Thought it also was tax free

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

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

Yes , God bless him ,

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

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

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.

Call the bank immediately.

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

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

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

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

Here's the official site.

Coronavirus Tax Relief and Economic Impact Payments | Internal Revenue Service

What state does he live in?

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.

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

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.

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

Send it to me!

: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 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.

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?