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.