Stimulus checks

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Hangfire

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Sometimes I can be thicker than a post so bear with me.

The way I understand it each qualified person is going to get a check or checks for 'X' dollars then next year when we file our 2020 taxes they'll deduct from our tax refund, for how ever many years it takes depending on your refund, the amount they give us.......so it's more or less kinda like a loan, right ?

If we're qualified and if we're given the option I would just as soon not get the stimulus money.......rather see my portion go to some barely getting by gal with a kid or two that was laid off because of the virus.
 

yukonjack

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Sometimes I can be thicker than a post so bear with me.

The way I understand it each qualified person is going to get a check or checks for 'X' dollars then next year when we file our 2020 taxes they'll deduct from our tax refund, for how ever many years it takes depending on your refund, the amount they give us.......so it's more or less kinda like a loan, right ?

If we're qualified and if we're given the option I would just as soon not get the stimulus money.......rather see my portion go to some barely getting by gal with a kid or two that was laid off because of the virus.

What are you talking about? They've already said the stimulus check will NOT be counted as income for 2020. I have not seen anything where there is an option to opt out. If you want to donate it to someone or something after you get it good for you!!
 

Hangfire

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What are you talking about? They've already said the stimulus check will NOT be counted as income for 2020. I have not seen anything where there is an option to opt out. If you want to donate it to someone or something after you get it good for you!!


My mistake.......I was thinking I heard that when the stimulus thing was first being kicked around that we'd have to pay it back.

I'd still rather see my portion go to someone more needy......donating the money to a worthy organization will be my plan.
 
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tRidiot

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Nothing for us. I'm just trying to get The Wife to get the taxes turned in so we can see what the damage is going to be.... this is going to be one hell of a bad spring. I'm glad so many of ya'll are going to get bonuses and be able to buy new motors (my truck needs one), new roofs, new iPhones or pay off some debt or put it in the bank, though.

We already canceled 2 trips we had planned that were business and charity related, but we had hoped to be able to spend a couple of extra days to have a family vacation. Of course, those aren't happening now. Nothing major, one to Dallas for a weeklong conference on Crimes Against Women and one to San Antonio for a weekend to put on an art exhibit to raise rape awareness on the UofT S.A campus. I guess it helps I won't be out of work those two weeks, it was going to make it a little tough - but of course the productivity we've already lost and are going to continue massively outweighs that.
 

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