ST Alpha - "Theresa isn't getting any stimulus because she made $1,035 over the cut off in 2019. :-/" (Reading a Post)

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In response to "Biden Stim: - $1400 direct payments - Up to $1400/week for unemployed, affected workers - National vaccination program - $130 billion+ for schools -- (link)" by budice

Theresa isn't getting any stimulus because she made $1,035 over the cut off in 2019. :-/

Posted by Krusty - Diamond Dog (aka Krustylu) Jan 14 '21, 12:26

She's pissed.

She didn't make that much in 2020 but they're still using 2019 numbers and that is screwing a lot of people that lost income in the last year.

I'm hoping I can get her taxes done before the next round of stimulus so she can get it next time.

Responses:

So far, we've received a grand total of $117 from both stimulus packages. nm - Johnny Lawrence Jan 14, 12:36 1
- Ugh!!! -- nm - Krusty - Diamond Dog Jan 14, 12:40
While that sucks that she didn’t get an advance check, if she made less in 2020 she should still be able to qualify for at least a partial credit - znufrii Jan 14, 12:29 12
- Good to know, thanks! As she owes taxes from previous years I assume they're just going to keep it. - Krusty - Diamond Dog Jan 14, 12:32 11
  - Yeah, it’ll wash out one way or another. Sorry you didn’t get to spend it though! :) -- nm - znufrii Jan 14, 12:33 10
    - So this isn't them fronting us money that we owe later, right? Also, we are desperate for a new mattress so that was where it was going. - Krusty - Diamond Dog Jan 14, 12:35 9
      - Overall, it represents a reduction in your total tax liability for 2020, whether it got paid out in advance or is claimed as a credit on your return. -- nm - znufrii Jan 14, 12:40 8
        
        Do I owe them this money? Will I get hurt on my next taxes in some way? ELI5, please. If you can. :-) -- (edited) - Krusty - Diamond Dog Jan 14, 12:41 7
        
        No. They’re not giving people money just so they can take it back. A reduction in tax liability is a net gain to you. -- nm - znufrii Jan 14, 12:42 6
        
        Thanks! - Krusty - Diamond Dog Jan 14, 12:43 5
        
        np. Sorry about the jargon, but I like to be specific. :) -- nm - znufrii Jan 14, 12:45 4
        
        It's all good. It's just not area where my knowledge is strong. I appreciate the info. - Krusty - Diamond Dog Jan 14, 12:48 3
        
        Yeah, I really should have been an accountant because I actually enjoy this sort of thing. -- nm* - znufrii Jan 14, 12:50 2
        
        something wrong with you -- nm - tRuMaN Jan 14, 12:51 1
        
        A lot of things, really, but we don’t have time to go into all of that. -- nm - znufrii Jan 14, 12:52
She’ll get it when she files her 2020 return. It’s not lost, just delayed. -- nm - spamlet Jan 14, 12:28 4
- oh, that's good. -- nm - Diva Jan 14, 12:34
- I wasn't sure how it worked. Thanks. - Krusty - Diamond Dog Jan 14, 12:34 1
  - The only reason I know how it works is I inadvertently tried to claim it as a credit in 2003, I think, after already having gotten my check. - znufrii Jan 14, 12:36
- ayup -- nm - tRuMaN Jan 14, 12:29
yeah, that kinda stinks -- nm - ty97 Jan 14, 12:27 5
- She kept checking the site but it had no info. I went and checked her taxes and saw it was just over the cut off. - Krusty - Diamond Dog Jan 14, 12:30
- I get that using the on-file data is easier, but it doesn't catch/help people who lost their jobs or had reduced incomes - ty97 Jan 14, 12:28 3
  - They should get it when they file their returns, at least. -- nm - znufrii Jan 14, 12:30 2
    - True but we really want money in people's hands today. So many need cash money to buy food, medicine, pay bills, etc. I know you know this but there - Krusty - Diamond Dog Jan 14, 12:40 1
      - It’s not a perfect system, sure, but it probably the best we have to help the most people the most quickly. -- (edited) - znufrii Jan 14, 12:43

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Theresa isn't getting any stimulus because she made $1,035 over the cut off in 2019. :-/

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