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Stimulus Sh*t Show

Posted on 4/15/20 at 12:02 pm
Posted by HogBalls
Member since Nov 2014
9348 posts
Posted on 4/15/20 at 12:02 pm
Friends of mine here in Houston just got a $2400 stimulus deposit this morning and combined they are knocking down >200K. Just how many mistakes will be made in this shite show??
Posted by MorbidTheClown
Baton Rouge
Member since Jan 2015
76783 posts
Posted on 4/15/20 at 12:03 pm to
quote:

how many mistakes will be made in this shite show??



all of them
Posted by Ed Osteen
Member since Oct 2007
59352 posts
Posted on 4/15/20 at 12:03 pm to
Maybe she is lying about how much they make
Posted by dbeck
Member since Nov 2014
29454 posts
Posted on 4/15/20 at 12:03 pm to
quote:

Friends of mine here in Houston just got a $2400 stimulus deposit this morning and combined they are knocking down >200K. Just how many mistakes will be made in this shite show??
quote:

>200K
Posted by stout
Porte du Lafitte
Member since Sep 2006
184647 posts
Posted on 4/15/20 at 12:04 pm to
It's a tax credit that is advanced to you. If they are not within the guidelines then they will pay it back on their 2020 taxes in 2021.

ETA: Apparently people downvoting me have no idea of how it works. Look it up.
This post was edited on 4/15/20 at 12:12 pm
Posted by JDPndahizzy
JDP
Member since Nov 2013
7031 posts
Posted on 4/15/20 at 12:04 pm to
Maybe their AGI is <200K? or maybe they're full of shite about their salary?
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41915 posts
Posted on 4/15/20 at 12:04 pm to
quote:

just got a $2400 stimulus deposit this morning and combined they are knocking down >200K.


Your friend and his SO must post on the OT
Posted by PrivatePublic
Member since Nov 2012
17848 posts
Posted on 4/15/20 at 12:04 pm to
Your friends post here dont they?
Posted by btr08ex
Baton Rouge
Member since Oct 2014
464 posts
Posted on 4/15/20 at 12:04 pm to
I bet your friend didn't claim >$200K on their taxes
Posted by MorbidTheClown
Baton Rouge
Member since Jan 2015
76783 posts
Posted on 4/15/20 at 12:05 pm to
quote:

Your friend and his SO must post on the OT

they would be just above the OT poverty line
Posted by dj30
New Orleans
Member since Feb 2006
29857 posts
Posted on 4/15/20 at 12:05 pm to
Have you actually seen their tax returns?
Posted by dbeck
Member since Nov 2014
29454 posts
Posted on 4/15/20 at 12:05 pm to
quote:

Your friend and his SO must post on the OT

They don't make enough to qualify.
Posted by 1BIGTigerFan
100,000 posts
Member since Jan 2007
56207 posts
Posted on 4/15/20 at 12:05 pm to
Everyone can claim it, but if you're audited, you'll have to pay it back, plus a fine, if you're determined to not be eligible for it.
Posted by GreatLakesTiger24
Member since May 2012
61600 posts
Posted on 4/15/20 at 12:05 pm to
I’ve already seen a couple people tell on themselves by saying they got a check
Posted by BHM
Member since Jun 2012
4119 posts
Posted on 4/15/20 at 12:06 pm to
Maybe, just maybe their last tax return was under 200k. Maybe somebody is not really honest. Maybe with millions and millions of payments going out, there may be a few mistakes.
Posted by 1BIGTigerFan
100,000 posts
Member since Jan 2007
56207 posts
Posted on 4/15/20 at 12:07 pm to
quote:

I’ve already seen a couple people tell on themselves by saying they got a check

Posted by BabyTac
Austin, TX
Member since Jun 2008
17195 posts
Posted on 4/15/20 at 12:08 pm to
Did they make that much in 2019 or 2018 if they hadn’t filed yet?
Posted by Tigerbait357
Member since Jun 2011
71193 posts
Posted on 4/15/20 at 12:08 pm to
Posted by MikeBRLA
Baton Rouge
Member since Jun 2005
17243 posts
Posted on 4/15/20 at 12:09 pm to
You know it’s based on AGI and not gross pay don’t you?
Posted by Eighteen
Member since Dec 2006
37474 posts
Posted on 4/15/20 at 12:10 pm to
quote:

combined they are knocking down >200K


what is it adjusted?

and what was it, adjusted, in 2018?

and no matter what, with anything of this scale there are going to be mistakes for both over and underpayment...especially for people who are close to the thresholds

This post was edited on 4/15/20 at 12:12 pm
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