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Read here: https://www.foxnews.com/politi...avirus-response-bill Year V | |||
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Ammoholic |
Well that will be super helpful... Jesse Sic Semper Tyrannis | |||
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Member |
I read on a local news site that if you have already filed this year, they will use the 2019 returns but if not, they will go back to the 2018 tax returns. | |||
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Mired in the Fog of Lucidity |
Just in time for Christmas....almost! | |||
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7.62mm Crusader |
Interesting. I was told 3 complaint calls were made about Richwood Flea Market being open. The new owners have now closed their Market. | |||
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Member |
Despicable Washington press corps. It sickens me. Year V | |||
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Member |
Trump is pissed. Year V | |||
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Oh stewardess, I speak jive. |
It's a check. Don't cash it. | |||
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paradox in a box |
This is not accurate. It lowers by $50 for every $1000 you make over the $75K. So you don't tap out at nothing until ~$99,000. I'm curious about the kids. It says you get $500 per kid for married or single head of household. I"m single non-custodial but I claim one kid. I'm not concerned as I'm working and don't want the money. But my kid is out of work and can't make his car payment. He asked me for the money. He's 17. These go to eleven. | |||
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Semper Fi - 1775 |
Do you have a linked source for this? I'd like to read it as my local paper published their understanding of this and made it seem as if you were over the $75k threshold, you would not receive anything at all. I'm in the same situation as you regarding the kids; so interested about that as well. ___________________________ All it takes...is all you got. ____________________________ For those who have fought for it, Freedom has a flavor the protected will never know ΜΟΛΩΝ ΛΑΒΕ | |||
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Ammoholic |
Scroll up 7-8 posts Keystoner posted a Fox link with info in it. Jesse Sic Semper Tyrannis | |||
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Ammoholic |
I will either be homeless (not likely) or back on track by then. Jesse Sic Semper Tyrannis | |||
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Go ahead punk, make my day |
Ouch, I assume whoever cosigned the loan is on the hook then. | |||
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Just for the hell of it |
Your newspaper is wrong. I don't have a link in front of me but I've seen info from .gov sights and the above is correct. There is a little more depending on filing status and the number of kids otherwise is correct. _____________________________________ Because in the end, you won’t remember the time you spent working in the office or mowing your lawn. Climb that goddamn mountain. Jack Kerouac | |||
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Just for the hell of it |
Not sure about your situation but I think if you claim the kid you may get the extra money. Sucks your son lost his job. If he was working and making his payment and this is the thing that stopped him I would want to help him out. This is something a young person really can't plan for. _____________________________________ Because in the end, you won’t remember the time you spent working in the office or mowing your lawn. Climb that goddamn mountain. Jack Kerouac | |||
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Void Where Prohibited |
If your bank account is on file with the IRS from your tax filings, you won't have to wait long to get the money. When they have to mail paper checks is when it will take a long time. "If Gun Control worked, Chicago would look like Mayberry, not Thunderdome" - Cam Edwards | |||
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Wait, what? |
I’m on direct deposit. It’ll be automatic. “Remember to get vaccinated or a vaccinated person might get sick from a virus they got vaccinated against because you’re not vaccinated.” - author unknown | |||
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Too clever by half |
Unlikely at 17 he's on it at all, he's a minor. "We have a system that increasingly taxes work, and increasingly subsidizes non-work" - Milton Friedman | |||
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member |
Pardon if I've missed an answer to this question, but this thread grows so much each day I cannot read every page. Question: is this stimulus money going to be considered taxable income, when I file my 2020 return? When in doubt, mumble | |||
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Member |
Thanks Kstoner! It's a bonus for me personally that they will use 2019's income if you've already filed your taxes for last year. 2018...> $75k. 2019...< $75k. I'll probably wind up donating it to my church anyway... "If you’re a leader, you lead the way. Not just on the easy ones; you take the tough ones too…” – MAJ Richard D. Winters (1918-2011), E Company, 2nd Battalion, 506th Parachute Infantry Regiment, 101st Airborne "Woe to those who call evil good, and good evil... Therefore, as tongues of fire lick up straw and as dry grass sinks down in the flames, so their roots will decay and their flowers blow away like dust; for they have rejected the law of the Lord Almighty and spurned the word of the Holy One of Israel." - Isaiah 5:20,24 | |||
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