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#16756 |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
Casino cash: $-671038
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Did you know this? The money is just an advance on your future tax refund. I had no idea and I’m paying attention. I didn’t hear this mentioned once. It’s just an advance on a future tax refund that you have to pay back. Unless you owe the IRS money next year.
What is a coronavirus stimulus check? The payment — which the IRS is calling an "economic impact payment," the government has named a "recovery rebate," and many people are calling a "stimulus check" — is technically an advance tax credit meant to offset your 2020 federal income taxes.
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Mahomes is not a game manager. Release the Kraken. |
Posts: 81,290
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#16757 | |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $-985873
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Quote:
Or lets it this way, mitigation right now is like bailing water out of a sinking ship. Testing is just measuring the level of water as it is currently. And though mitigation will slow the sink, until you patch the hole you're fighting a losing battle. |
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Posts: 132,414
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#16758 | |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $-985873
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Posts: 132,414
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#16759 | |
In Search of a Life
Join Date: Jul 2009
Casino cash: $-615936
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Quote:
At this point you’ve locked everything down so I don’t know what the point of testing really is |
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Posts: 84,191
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#16760 |
www.nfl-forecast.com
Join Date: Sep 2000
Casino cash: $-518231
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You are advocating opening things up sooner that the leading epidemiologists recommend and simultaneously undermining the authority of Fauci. You have said these things today.
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Posts: 46,032
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#16761 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $-985873
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Well my thought on testing was always I could test negative and 10 minutes after my test go get infected. So unless you are going test everyone and lock them up until everyone tests negative I think it's a futile effort in practice.
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Posts: 132,414
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#16762 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $-985873
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I am not advocating anything one way or the other. Again you are reading what you want or inferring what you want. Whatever.
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Posts: 132,414
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#16763 |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
Casino cash: $-671038
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I guess I’m not surprised. I don’t see partisan politics here. Both sides signed off on the deal. They didn’t say, hey this is just an advance on your future tax refund that you have to pay back.
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Mahomes is not a game manager. Release the Kraken. |
Posts: 81,290
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#16764 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $-985873
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Yeah, I wonder what that means if you aren't due a refund next year? Do you have to pay it back???? Meh, ****ing government can't touch anything without ****ing it up one way or the other.
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Posts: 132,414
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#16765 | |
El Diablo
Join Date: Dec 2004
Casino cash: $1746679
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Quote:
Here’s an example which we hope will help. A single taxpayer with two children (both under 17) receives a stimulus check for $2,200 (i.e., $1,200 for the taxpayer plus another $1,000 for the children) on April 30, 2020. When our taxpayer prepares a 2020 income tax return, a $2,200 credit appears on the Form 1040. Elsewhere on the return, the $2,200 ADVANCE PAYMENT of the credit will surface. The result is a “wash” meaning the credit and the ADVANCE PAYMENT cancel each other out. Bottom line result, the taxpayer receives $2,200 (non-taxable) to spend and the money is NOT returned to the IRS. Non taxable income, and not payable back to the IRS PLUS if you 2020 shows a child, or you were supposed to get more than what you got based on 2018 or 2019 filing, you get that additional on top.
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Posts: 6,108
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#16766 | |
Court Jester
Join Date: Aug 2000
Location: Orlando
Casino cash: $-707600
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Quote:
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Posts: 20,688
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#16767 |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
Casino cash: $-671038
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You can google it. Forbes, business insider, all the major networks, newspapers are saying the same thing. It’s an advance, not free money it was sold as by both parties.
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Mahomes is not a game manager. Release the Kraken. |
Posts: 81,290
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#16768 | |
New and Improved
Join Date: Mar 2002
Location: Springfield, Mo.
Casino cash: $-2271410
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Quote:
It will zero out on taxes next year.
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“As a nation, we can endure damaging policies for a four-year term. But we cannot survive a president willing to terminate our Constitution”
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Posts: 22,337
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#16769 |
Court Jester
Join Date: Aug 2000
Location: Orlando
Casino cash: $-707600
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That’s what I’ve found from everywhere that I’ve read. If someone was going to get a 2000 refund in 2021, now they’ll get 800. It doesn’t affect me because I’m not eligible for it, although it would be nice if they could just lower the amount I owe on my taxes this year.
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Posts: 20,688
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#16770 |
Shit
Join Date: Jun 2008
Casino cash: $10039067
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Posts: 55,715
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