BigRedBuster Posted April 2, 2020 Author Share Posted April 2, 2020 I'm confused by this tweet. The top says, that it's been fixed and they don't need to file. But, the bottom says they do. I can't read the article, but the headline to the article claims it's been reversed and fixed. Link to comment
deedsker Posted April 2, 2020 Share Posted April 2, 2020 This is why they should have just cut a check to everyone and just taxed it on the back end next year when people over X requirement don't need it. 3 Link to comment
knapplc Posted April 2, 2020 Share Posted April 2, 2020 4 minutes ago, RedDenver said: Gotta, gotta, gotta vote him out in November. 1 Link to comment
Ratt Mhule Posted April 2, 2020 Share Posted April 2, 2020 1 hour ago, knapplc said: Gotta, gotta, gotta vote him out in November. Were talking about Kentucky here. Dont count on it. Link to comment
knapplc Posted April 2, 2020 Share Posted April 2, 2020 Anyone else hearing that this is just an advance on your next year's income tax return? Link to comment
ColoradoHusk Posted April 2, 2020 Share Posted April 2, 2020 5 minutes ago, knapplc said: Anyone else hearing that this is just an advance on your next year's income tax return? That would be a big departure from all of the previous communication. From the linked below article "This payment is not taxable income. Instead, it is an advance refund on the taxes you will owe for 2020. If it turns out that you would not qualify for the money based on your 2020 tax return, you do not have to return it. It’s yours to keep.” https://www.cnbc.com/2020/04/01/whos-eligible-for-covid-19-stimulus-checks-your-questions-answered.html 1 Link to comment
knapplc Posted April 2, 2020 Share Posted April 2, 2020 1 minute ago, ColoradoHusk said: That would be a big departure from all of the previous communication. From the linked below article "This payment is not taxable income. Instead, it is an advance refund on the taxes you will owe for 2020. If it turns out that you would not qualify for the money based on your 2020 tax return, you do not have to return it. It’s yours to keep.” https://www.cnbc.com/2020/04/01/whos-eligible-for-covid-19-stimulus-checks-your-questions-answered.html Thank you. I've been searching this off and on for a while, but the bold sentence is the piece I keep missing. 1 Link to comment
sho Posted April 2, 2020 Share Posted April 2, 2020 2 minutes ago, ColoradoHusk said: That would be a big departure from all of the previous communication. From the linked below article "This payment is not taxable income. Instead, it is an advance refund on the taxes you will owe for 2020. If it turns out that you would not qualify for the money based on your 2020 tax return, you do not have to return it. It’s yours to keep.” https://www.cnbc.com/2020/04/01/whos-eligible-for-covid-19-stimulus-checks-your-questions-answered.html So, if I normally get around $1800 in refunds, next year will only be $600 because of stimulus, but if I were only to get $600, the rest is a bonus? Link to comment
ColoradoHusk Posted April 2, 2020 Share Posted April 2, 2020 Just now, knapplc said: Thank you. I've been searching this off and on for a while, but the bold sentence is the piece I keep missing. Accountants never make the wording of items very clear, and I work in Finance. Until the last sentence you bolded, it's still unclear commentary. Link to comment
ColoradoHusk Posted April 2, 2020 Share Posted April 2, 2020 Just now, sho said: So, if I normally get around $1800 in refunds, next year will only be $600 because of stimulus, but if I were only to get $600, the rest is a bonus? No. This stimulus $ should be on top of what you would normally receive. Link to comment
teachercd Posted April 2, 2020 Share Posted April 2, 2020 28 minutes ago, ColoradoHusk said: No. This stimulus $ should be on top of what you would normally receive. Correct. Link to comment
QMany Posted April 3, 2020 Share Posted April 3, 2020 On 3/30/2020 at 9:39 AM, QMany said: Saying the quiet part out loud again; this is why Republicans' policy includes voter suppression. 1 1 Link to comment
teachercd Posted April 3, 2020 Share Posted April 3, 2020 11 hours ago, QMany said: Call me crazy...but I feel like voting should be as easy as possible. Like...super easy. Link to comment
teachercd Posted April 3, 2020 Share Posted April 3, 2020 9 hours ago, BlitzFirst said: Too bad it won't ever happen. More Denmark talk? Link to comment
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