Congress likely to send taxpayers $1,200 checks in coronavirus aid. Here’s who qualif
 

So the US Senate just passed the latest COVID-19 bill by a vote of 96-0.

The US House of Representatives will most likely approve it tomorrow, sending it to Pres.Trump for signature.

All tax payers MUST have a valid social security number to get the max amount per individual, which is $1,200, or $2,400 for a married couple, and add $500 per qualifying child. So everyone, even the children that are claimed, must have valid SSNs.

If you make $75,000 or more, the benefit will decrease, and if you make more than 100,000, you don't qualify.

There you have it, we qualify cause we got SSN!

Make sure you have the most up to date information with IRS so they send you the check electronically or by mail.

IRS website hasn't released any Q&As on this, perhaps cause it still hasn't become law.

SO I guess Congress isn't completely useless after all


https://www.cnbc.com/2020/03/25/cong...ronavirus.html

Re: Congress likely to send taxpayers $1,200 checks in coronavirus aid. Here’s who qu
 

Not everyone... there are income restrictions

Re: Congress likely to send taxpayers $1,200 checks in coronavirus aid. Here’s who qu
 

did I screw myself over for the bank deposit? I used the turbotax pay with refund option for this years tax return. I still had to include my bank account info but refund was process through another bank which then sent the refund to my bank account? I'm gonna have to wait the 4 months to get a check? I used bank deposit for the 2018 returns and still same account.

Re: Congress likely to send taxpayers $1,200 checks in coronavirus aid. Here’s who qu
 

True. But the income restriction starts at $75,000 gross for individual, and higher for a married couple.

Most people fall under that amount. I know I do cause I'm broke as fudge lol

Re: Congress likely to send taxpayers $1,200 checks in coronavirus aid. Here’s who qu
 

I'm confused.

The 2018 refund you chose direct deposit or check by mail? And 2019 you used another bank account or same account as 2018?

Re: Congress likely to send taxpayers $1,200 checks in coronavirus aid. Here’s who qu
 

I wouldn’t file a claim just because I feel it’ll be used against us down the road.

Re: Congress likely to send taxpayers $1,200 checks in coronavirus aid. Here’s who qu
 

There is nothing to file, it's going into your bank account. Use it, it's emergency relief, not some public charge trap.

Re: Congress likely to send taxpayers $1,200 checks in coronavirus aid. Here’s who qu
 

Just curious. Are they printing money to do this? They are giving us money that they don't have, so what is the long term effect?

Re: Congress likely to send taxpayers $1,200 checks in coronavirus aid. Here’s who qu
 

We are all eligible for it and I would like to point out that this is not a public charge and will not be used against you in the future.

Re: Congress likely to send taxpayers $1,200 checks in coronavirus aid. Here’s who qu
 

Well there you have it folks, the cavalry has finally arrived while we are at max butthurt.

Unfortunately this 1,200 is a drop in the bucket compared to the financial cataclysm that has befallen the world.