Who won’t get a $1,200 per Head Stimulus check???

[Gaali_Gottam_Govinda]

https://www.washingtonpost.com/graphics/business/coronavirus-stimulus-check-calculator/

Who won’t get a check?

The main people excluded from receiving a payment are the wealthy, “nonresident aliens” (i.e., foreigners who do not hold a green card) and “dependents” who can be claimed on someone else’s tax return.

 

How many Americans will get these payments? Roughly 125 million people will receive a check, or about 83 percent of tax filers, according to Kyle Pomerleau, a tax expert at the American Enterprise Institute.

 

Will there be another payment in the summer? Maybe. President Trump has said he is open to another round of the checks, but only if the economy remains anemic through the spring and an additional boost is warranted.

 

Who exactly qualifies for a payment? Individuals earning up to $75,000 a year will be eligible for the full $1,200 check. Reduced checks will go out to individuals making up to $99,000 a year (the payment amount falls by $5 for every $100 in income above $75,000).

Married couples are eligible for a $2,400 check as long as their adjusted gross income is under $150,000 a year. Reduced checks, on a sliding scale, will go out to married couples who earn up to $198,000. Married couples also will receive an additional $500 for every child under 17.

People who file as a “head of household” (typically single parents with children) are eligible for a $1,200 check if they earn up to $112,500 a year. Reduced checks on a sliding scale are available for heads of household earning up to $136,500 annually. Heads of household will also receive an additional $500 per child under 17.

 

Are the checks taxable? No, they are not taxable. The only catch is that technically a person’s 2020 income is what qualifies them for the payment. Since no one knows their total 2020 income yet, the government is using tax returns from 2019 and 2018 to figure out who qualifies for a check. It is possible that someone may have to pay back some of the money if his or her income this year turns out to be significantly more than it was in 2019 or 2018. That’s expected to be a relatively small share of people, and the money would not have to be paid back until April 15, 2021.

 

What happens to people who earned too much in 2018 and 2019 but now lost their job? This is a really tough situation. Unfortunately, these workers are not eligible for $1,200 checks right away. They would get the rebate when they file their 2020 taxes next year. Treasury may create a program to get these people money sooner, but nothing has been announced yet.

 

I have a lot more questions. What should I do? The Treasury and IRS are still figuring out a lot of the administrative details. The IRS created a website where more information will eventually be posted. For now, there is no information available beyond what is in the legislation.

10 years nundi thousands of dollar taxlu kadutunam........ endi vaa ee anyayam.......

 

[LadiesTailor]

Idi tenth thread baa ee topic meeda... end of the day manam slaves here... just sampadinchukoni India lo invest chesukunnama happy ga return poyama 

[quickgun_murugun]

10 minutes ago, Gaali_Gottam_Govinda said:

10 years nundi thousands of dollar taxlu kadutunam........ endi vaa ee anyayam.......

 

Tax kadtunnav kaka kani nee own country lo kanna ekkuva sampadistunnav.... comfortable life leading .. you or lot of Folks are not thinking about that positive aspects .. aa lekkana soosthey ee hard times lo pay back to this country and show your loyalty and gratefulness ani @Sucker tweeted 

[Kootami]

Source veyyi vayya ... just got anither message from anither group that we will qualify

[Gaali_Gottam_Govinda]

3 minutes ago, Kootami said:

Source veyyi vayya ... just got anither message from anither group that we will qualify

Main thread lo vesa........ choosko baa

[Sucker]

7 minutes ago, quickgun_murugun said:

Tax kadtunnav kaka kani nee own country lo kanna ekkuva sampadistunnav.... comfortable life leading .. you or lot of Folks are not thinking about that positive aspects .. aa lekkana soosthey ee hard times lo pay back to the country and show your loyalty and gratefulness ani @Sucker tweeted 

[soodhilodaaram]

10 minutes ago, Gaali_Gottam_Govinda said:

https://www.washingtonpost.com/graphics/business/coronavirus-stimulus-check-calculator/

Who won’t get a check?

The main people excluded from receiving a payment are the wealthy, “nonresident aliens” (i.e., foreigners who do not hold a green card) and “dependents” who can be claimed on someone else’s tax return.

 

How many Americans will get these payments? Roughly 125 million people will receive a check, or about 83 percent of tax filers, according to Kyle Pomerleau, a tax expert at the American Enterprise Institute.

 

Will there be another payment in the summer? Maybe. President Trump has said he is open to another round of the checks, but only if the economy remains anemic through the spring and an additional boost is warranted.

 

Who exactly qualifies for a payment? Individuals earning up to $75,000 a year will be eligible for the full $1,200 check. Reduced checks will go out to individuals making up to $99,000 a year (the payment amount falls by $5 for every $100 in income above $75,000).

Married couples are eligible for a $2,400 check as long as their adjusted gross income is under $150,000 a year. Reduced checks, on a sliding scale, will go out to married couples who earn up to $198,000. Married couples also will receive an additional $500 for every child under 17.

People who file as a “head of household” (typically single parents with children) are eligible for a $1,200 check if they earn up to $112,500 a year. Reduced checks on a sliding scale are available for heads of household earning up to $136,500 annually. Heads of household will also receive an additional $500 per child under 17.

 

Are the checks taxable? No, they are not taxable. The only catch is that technically a person’s 2020 income is what qualifies them for the payment. Since no one knows their total 2020 income yet, the government is using tax returns from 2019 and 2018 to figure out who qualifies for a check. It is possible that someone may have to pay back some of the money if his or her income this year turns out to be significantly more than it was in 2019 or 2018. That’s expected to be a relatively small share of people, and the money would not have to be paid back until April 15, 2021.

 

What happens to people who earned too much in 2018 and 2019 but now lost their job? This is a really tough situation. Unfortunately, these workers are not eligible for $1,200 checks right away. They would get the rebate when they file their 2020 taxes next year. Treasury may create a program to get these people money sooner, but nothing has been announced yet.

 

I have a lot more questions. What should I do? The Treasury and IRS are still figuring out a lot of the administrative details. The IRS created a website where more information will eventually be posted. For now, there is no information available beyond what is in the legislation.

10 years nundi thousands of dollar taxlu kadutunam........ endi vaa ee anyayam.......

 

lesson for hard working people

there will no free lunches..you have to stay strong.. work harder and make your own life

[Catabolite]

I don't think you will get it even if you have a green card now though. 

[ring_master]

2 minutes ago, Catabolite said:

I don't think you will get it even if you have a green card now though. 

Ya USCs ki ankunta

[ring_master]

Are they giving everyone or only those who are unemployed?

[Catabolite]

16 minutes ago, ring_master said:

Ya USCs ki ankunta

No you should have had green card by the time you filed taxes in 2018. 

[supportamaravathi]

6 minutes ago, Catabolite said:

No you should have had green card by the time you filed taxes in 2018. 

nee bonda ra half brain picchaa fruit ga telisindi takkuva sollu 10gedu ekkuva poyi aa lokesh gadi G nakko po nee kukka bathukki ade correct

[phoeniix]

Check the IRS site clearly mentioned all tax payers are paid except visitors 

[Catabolite]

5 minutes ago, supportamaravathi said:

nee bonda ra half brain picchaa fruit ga telisindi takkuva sollu 10gedu ekkuva poyi aa lokesh gadi G nakko po nee kukka bathukki ade correct

K

[supportamaravathi]

Just now, Catabolite said:

K

bleacing poweder aa paracetomol aa leka jaggay gadi meda edupaa slave dog