Yea but I still don't understand why did a bank deposit for the first stimulus but cheque for second even though they have my bank info via turbo tax. I hope it is a deposit thsi time.
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White House: Stimulus checks will be deposited in bank accounts starting this weekend (Update: Going out now)
- Thread starter Slash
- Start date
Yea but I still don't understand why did a bank deposit for the first stimulus but cheque for second even though they have my bank info via turbo tax. I hope it is a deposit thsi time.
Worse case scenario would be you get it on your 2021 return, correct?
Thank god, I started a new job but didn't receive my first pay check yet. This will pay for my car insurance until that check gets deposited. A relief indeed.
Me too lol what an amazing edit. This scene was such a highlight for that drama.
Woo got my 2021 refund a couple of weeks ago so hopefully it's direct deposited instead of the paper checks I had to get for the other ones. Having it mailed to my old address and having someone from there
Might have to do with if you owed last year or so.
I was the same way. 1st was deposit, but when i paid taxes last year, i owed. So my 2nd was check. So I'm currently expecting a check this time too
Haven't been able to file taxes as an independent because of a loophole causing that action to mean my parents' health insurance premiums would go way up, much more than the money I'd get. I still live with them and wouldn't want that to happen, so had to pass on getting the previous checks, and probably this one too. We're waiting for them both to qualify for medicare.
It seems some people are saying that they might apply to the 2021 returns? Does that mean I might eventually get the money? Anyone who knows more and is willing to answer, that'd be greatly appreciated, thank you!
It seems some people are saying that they might apply to the 2021 returns? Does that mean I might eventually get the money? Anyone who knows more and is willing to answer, that'd be greatly appreciated, thank you!
$7,000 smackers coming our way not including the monthly payments.
Got the $600 one pretty much the couple of days it started rolling out. Time for infinite Taco Bell days
Adult dependents qualify for the $1,400.00 so I believe your parents will receive it if they claim you. But when you file your 2021 taxes, you should qualify for it separately.
Did you owe for 2019? If so that overrode your previous DD and people got sent a check.
New $1,400 stimulus checks could be garnished for unpaid debts. Some are calling for that to change
New $1,400 payments could soon be on their way. But this time, those checks could be subject to collection if you have past debts.
www.cnbc.com
Any word on this?
Thanks. We also just did our taxes and had a baby last year. So we got the money for her as a return, but I think this one will probably be the same and we'll have to wait till tax season next year.
The trick is I'm too old to count as a dependent this year, since I'll be 26 in 16 days. As far I can recall that means I can only file independently, but that comes back to the weird issue.
yes they are, even adult dependents. I'll be getting $5600 for my 2 kids and fiancé who just finished school.
when was your kid born? Mine was born Feb 2020 and we just did our taxes a month or so ago and got his stim x2 from last year. I was assuming he'd just be included in this year's stim and we wouldn't have to wait til tax time next year. We've already filed and got our 2020 return if that matters.
I think they can still claim you since you since were still a dependent under the age of 26 for the 2020 tax year. Of course, I could be wrong. In which case, you'll be able to claim it when you file your 2021 taxes.
Wait, you're saying if they don't take my 2020 taxes into account (third kid), I won't get that credit for him until next year!?
I thought that was a monthly payment starting in July or something.
Thank you. Do you know if that applies to the $1200 from 2020, and the smaller $600 too?
No, I don't believe it does. The first stimulus' packages didn't have adult dependents as eligible; only the third stimulus has them eligible. If you filed by yourself, you would get those funds but that sadly isn't an option for you.
OK, understood re: filing as dependent. Are you alsoo saying that even filing as an independent in 2021 wouldn't make me eligible for the first (and second?) stimulus retroactively?
2020 taxes should be taken into account without issue since they would know you had that child. The people having kids this year should be the ones most affected and would have the need to wait to get the new credit.
But I am sure over the next days and weeks, the IRS will be issuing updated guidance on all of these scenarios.
I assumed something along those lines. Not a huge deal. Thanks!
No, you would still not receive them. The first and second stimulus packages were a 2020 advanced tax credit -- they only can be claimed on a 2020 tax return.
But, if you file independently for 2021, you should receive the $1,400.00 again since it's a 2021 advanced tax credit that they are basing on 2020 or 2019 tax returns.
Oh wait a second nowNew $1,400 stimulus checks could be garnished for unpaid debts. Some are calling for that to change
New $1,400 payments could soon be on their way. But this time, those checks could be subject to collection if you have past debts.
Any word on this?
Sorry I'm not sure, hope someone else can clarify. Ive read it was some of the money will be in 21 tax return and some will be given as a monthly payment so its really not clear to me. I'm definitely interested in getting clarification as well.
Based on 2020 or 2019 tax returns? Wouldn't that mean I'd have to have filed during those years?
I guess just simply put, you're saying if I file this year I should be able to get this one as a tax credit later, right?
That seems to just be related to private garnishment arrangements. It says it won't be garnished by govt. debts.
which makes sense why it's not possible through reconciliation.
I would assume that includes credit card debt, right? That'll affect a lot of people.
garnishment is like several steps beyond debt collectors calling you. That's like court judgement on your debts territory.
I got my refund 9 days after I filed using TurboTax (didn't even realize it was sitting in my back account until 2 days later).
Yeah that sucks if you're already in the garnishment phase and have already had a court order out there. But that would take awhile to get to if you're not there already, so.......
