CORONA Here’s who DOESN’T QUALIFY to get a coronavirus stimulus check.($)

ainitfunny

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Here's who doesn't qualify for a coronavirus stimulus check
Tanza Loudenback

17 hours ago
who won't get stimulus checks

Older Americans who are claimed as a dependent on another person's tax return won't get stimulus checks. Jodi Jacobson/E+/Getty
  • The IRS will deliver tax-free stimulus checks to millions of Americans over the next several weeks.
  • To qualify for a direct payment, you need to have a Social Security number, meet certain adjusted-gross-income thresholds, and file your taxes either independently or jointly with a spouse.
  • Americans who haven't had to file a tax return in recent years but get Social Security payments for retirement will also be paid $1,200 each.
  • Dependents older than 16, people without a Social Security number, and those with incomes above $99,000 (or $136,500 if you file as a head of household) won't get a stimulus check.
  • Read more personal finance coverage.

Americans are eagerly awaiting stimulus checks from the government as part of the massive coronavirus relief package the president signed into law on Friday.
These "recovery rebates" will pay up to $1,200 per person, plus an extra $500 per child to parents — and they're completely tax-free. But not everyone is entitled to a stimulus check.
The Urban Institute and Brookings Institution's Tax Policy Center estimated that nine in 10 households would get some payment.
Here's who doesn't qualify:
1. People with incomes above $99,000, or single parents with incomes above $136,500
The size of each stimulus payment is based on the adjusted gross income (AGI) listed on your 2019 tax return. If you haven't filed yet, it will be based on your 2018 return.

The maximum payment is $1,200 for single filers with an AGI below $75,000 or single parents (head-of-household filers) with an AGI below $112,500. Married couples with no children who file jointly and have an AGI below $150,000 will get a total of $2,400 (double the maximum individual payment).
The $1,200 payment will begin to phase out at a rate of $5 for each $100 over the AGI threshold before ceasing at an AGI of $99,000 for single filers, $136,500 for heads of household (single parents), and $198,000 for married filers with no children.
Bear in mind that the stimulus payment is technically a tax credit to apply to your 2020 tax bill that the government is providing ahead of time. Since the IRS has only past tax returns to go off of, there are bound to be clerical errors.
For instance, if your past income disqualifies you for a stimulus payment, but your earnings are below the qualifying threshold in 2020 — which is likely the case for people who suddenly lost their jobs or had their hours reduced because of the coronavirus — you won't get a payment right now, but you may be able to reconcile that on next year's tax return.
Note that Americans who haven't had to file a tax return in recent years but get Social Security payments for retirement or railroad retirement benefits will also be paid $1,200 each via the direct deposit or home address provided on their statements.

2. Dependent children over 16
Parents who have a Social Security number will receive $500 for each child ages 16 and younger. There is no limit on the number of children that qualify.
If you have a dependent child who is 17 or 18 years old, they don't qualify for the $500 payment.
3. Dependent adults
Any person over the age of 18 who is claimed as a dependent on another person's tax return is not eligible for an individual or child stimulus payment.
That means college students ages 19 to 23 whose parents pay for more than half of their expenses and claim them on their tax returns won't get payments. Likewise, adults with disabilities and elderly people who are claimed as a dependent on a family member's tax return are not eligible.
4. Anyone without a Social Security number
To get a stimulus payment, you need to have Social Security number. The Social Security Administration issues Social Security numbers to all citizens, permanent residents, and some noncitizens who are authorized to work in the US.

If a couple files jointly, but only one person has a Social Security number, neither will be eligible for a stimulus payment, except in the case of military families, according to the Tax Policy Center.
This post was updated on April 2, 2020 to include new information from the IRS.


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Dreamweaver

Contributing Member
I'm in favor of helping everyone that needs help (to the best of our ability - keeping for the most part within our means).

Regarding item 4, I know that it will effect some people who legitimately need help but it seems to me that this may be the first time that we haven't just given a handout to people that are in this country illegally. I'm sure there will be an uproar over this being a 'racist' policy, but my take on it is that 'it's about time'.
 

Hawkgirl_70

Veteran Member
Question? I’m pretty sure I know the answer to this but... husband’s side has a family member that quit school 10 years ago and never had worked. Lives outside of grandmas house or the garage. Refuses to work but gets fed and clothed by her and gets his weed $$$ to shut him up.
He’s a textbook example of LAZINESS.
He thinks he’s getting it to buy more weed and drugs. How could he if he’s never filed taxes and no he’s not on disability.
 

amarilla

Veteran Member
We have adult dependents (our kids) who are going to college. They work but don't make enough to pay for college on their own. Disappointing.

I keep telling myself at least they finish the semester. They don't have to start it all over like some of their friends and pay for this semester all over. At least graduation is still on track. No one is talking yet about how many kids won't graduate on time. How many won't finish at all due to an extra semester of cost? I have friends who aren't getting a refund on room and board they paid for their kids. We are but most aren't. That's a significant chunk of change.
 

ainitfunny

TB Fanatic
From Proverbs 23:

1When thou sittest to eat with a ruler, consider diligently what is before thee:
2 And put a knife to thy throat, if thou be a man given to appetite.
3 Be not desirous of his dainties: for they are deceitful meat.
I have taken the time to research your previous posts and now realize I can ignore what you say because you are part of the EXTREME RIGHT "fringe element", who thankfully, are too few to destroy the way of life we have established here in America. You want us all to renounce our Social Security, Medicare, drivers license, and every other thing we have VOTED and paid to establish so that there is a certain level of care provided for those who need it. Even the Bible seems to serve only to advance your extremist views. Like Jesus said: 24 Ye blind guides, which strain at a gnat, and swallow a camel.
 

MinnesotaSmith

Has No Life - Lives on TB
They shouldn't have eliminated adult dependents as most of those have disabilities and their households really could use the help.
My wife has no outside employment, yet our house size need (and thus monthly mortgage payment amount) is affected by her presence. Interesting math they're doing on this thing.
 

Samuel Adams

Senior Member
If the People knowing, willingly and voluntarily “voted” in their enumeration and subsequent bondage, then my work here and elsewhere would be done.
I could go back to gardening and tending all aspects of homesteading, full time.

Can’t wait for the day.

BUT, there are many here, and elsewhere, who indicate a sincere desire to be free, and an open mind to explore the true nature and drawn out political and historical process that has lead to that enslavement.

So I continue posting.

Maybe save the tar and feathers for the perpetrators, behind the scenes ?
There won’t be enough to go around for all the useful idiots who have so eagerly paved their way.......
 

Faroe

Veteran Member
Not getting one, and I don't give a damn.
I'll manage.
Gov. generosity never ends well.
They can keep their money. Screw 'em.
 

Dennis Olson

Chief Curmudgeon
_______________
I'm gonna get my "Trump Gun!"

Ya know, they had the Obama phone back in the dark ages. Well, it'll be my Trump Gun.
Here it is:


Out of stock at the moment, but they carry them.
 

CaryC

Veteran Member
To qualify for a direct payment, you need to have a Social Security number, meet certain adjusted-gross-income thresholds, and file your taxes either independently or jointly with a spouse.
I was wondering about SouthernBreeze being in the Automatic part because for the last 40 years has been a house wife (and if you don't think that is a major job, you just don't have a clue) and we have filed jointly.

My wife has no outside employment, yet our house size need (and thus monthly mortgage payment amount) is affected by her presence. Interesting math they're doing on this thing.
As noted above, on the one hand, filing jointly includes her.

However, on the other hand I would think, going online and filing a 1040EZ, which is free at most places, with zero's in every category would work.

It was an option I was thinking of before the I got the word in this article about the filing jointly part.

Just saying others may correct.
 

Groucho

Veteran Member
Here it is:


Out of stock at the moment, but they carry them.
Very nice. I was thinking more along the line of an AR 10 in .308.

Still, that 1911 is sure pretty. Maybe I'll spend Mrs. G's check on that. Note, if that happens I won't be able to post here until I get out of the emergency room and ICU.
 

CaryC

Veteran Member
I claim my wife on my 1040 as a dependent. Does or does that not exclude her from getting us $1200?
As noted above, it's all in the technicalities. There is technically a difference between filing jointly, where it doesn't matter if one or the other has an income, and is not so much a dependent. Even though it says on the tax return how many dependents do you have and you reply 2 (or 3 because you are over 65, yourself and your wife). And a dependent where what ever income they might have, like a child who earned a couple of thousands of dollars mowing lawns, but is not counted in the return, as income. But rather as a dependent because you provide over a certain percentage of food and lodging.

The devil is in the details, but according to this if you filed "jointly" you're good to go.

Other wise just file a 1040EZ, with zero's and she will get hers.
 

MinnesotaSmith

Has No Life - Lives on TB
Minn, I am not a CPA, but from what I have read, if you file jointly, and your income is below the threshold listed above for head of household, you and your DW should receive $2400.00. If you are above the threshold of income, you wont.
OK, thanks. As I'm home on worker's comp, NP on the income limitation.
Where again is the link to making certain the IRS knows where to send the FRNs?
 

The Traveler

Veteran Member
If you file electonically, and receive any IRS refund on your income tax, electronically, it will be deposited into the account they have on file for you. If you dont, I would suggest going to the IRS website and see if there is any info there regarding the mailing of checks.
 

Nich1

Contributing Member
This whole thing is such a mess. I understand...to the level that I can...when jobs and income disappear. It's a terrible thing, with "terrible" being inadequate. I don't know the solution. Giving money to everybody and everything just seems wrong. There are some who have a desperate need while others are OK because they have been prudent in their living. Have the desperate caused their own desperation by overspending and, as my mother said, "were living above their raisin'." Our society incorrectly learned the could have now and pay later. Not all who are in a major bind have been spendthrifts, I know that. Good jobs have been hard to find but even with a lower-level income, was there ever thought given to "save for a rainy day?" But I think it has been the mentality of thinking you have to have everything and have it now that has put people into debt. Whoever heard of buying furniture and paying nothing for 7 years? That junk would be worn out before it was to be paid for and then, how could you buy more? Do you really need a 54" TV and a smartphone with a monthly cost of $100 so that you can keep your face in it. Back to my original statement...it's just a mess.

There will be so much abuse from giving all this that I can hardly stand it. Banks are once again going to make money but the distribution of these "loans" could not be handled by one entity, our government. It is striking to see how many people have their hand out to the government!

OK, don't flame me...well, you can if you want to. It's a horrible thing that has happened but, in my opinion, the problem will still be there, only amplified, after the major onslaught has passed. There will be greater debt, greater hardship. What then?
 

Homestyle

Veteran Member
DH and I won't be getting the check but it would have been put in the bank and saved to pay for it. I don't think this money is going to be free for a lot of people down the road.
 

CaryC

Veteran Member
OK, thanks. As I'm home on worker's comp, NP on the income limitation.
Where again is the link to making certain the IRS knows where to send the FRNs?
If you file electonically, and receive any IRS refund on your income tax, electronically, it will be deposited into the account they have on file for you. If you dont, I would suggest going to the IRS website and see if there is any info there regarding the mailing of checks.
Just for some info:

IRS.gov has info on this. Yesterday at the news conference, Munchin said it was up already, so I check, and as of yesterday it wasn't, but am sure they are working hard to get it up, and may even be up by now.

Which is:

They are setting up a "portal" where you can put your info in for mail refunds. Or maybe it was to enter data for electronic refunds. One of the two anyway. Both????

DH and I won't be getting the check but it would have been put in the bank and saved to pay for it. I don't think this money is going to be free for a lot of people down the road.
While what you say may turn out to be true, on the surface, this is being called a tax refund/rebate check, and is not subject to "income" taxes. Just like a "refund" on your taxes one year in not claimed as income on the next year. BTW you might have gotten 2 500.00 checks under Bush, that were the same way.

However, that doesn't mean, they won't do something else, on a different day. And BTW I would take it because there may be some rough seas ahead. Already talk of 5.00 loaf's of bread.
 

MinnesotaSmith

Has No Life - Lives on TB
Hi, Cary. I just spent about 20 minutes on the IRS's website.
They state that their telephone customer assistance line is shut down.
They also note that their centers where people can walk in for assistance are likewise shut down.
Digging some more, I could not find anything on how to make sure they had my current address, short of filing this year's return (which isn't due til July now).
So, any leads for me on how to ensure they have my info?
 

ainitfunny

TB Fanatic
Hi, Cary. I just spent about 20 minutes on the IRS's website.
They state that their telephone customer assistance line is shut down.
They also note that their centers where people can walk in for assistance are likewise shut down.
Digging some more, I could not find anything on how to make sure they had my current address, short of filing this year's return (which isn't due til July now).
So, any leads for me on how to ensure they have my info?
File early?
 

Dozdoats

On TB every waking moment
DH and I won't be getting the check but it would have been put in the bank and saved to pay for it. I don't think this money is going to be free for a lot of people down the road.

Put it in the bank and leave it and chances are it will be worth a lot less pretty soon. Or worthless … IMO better buy STUFF you can use that will store for a while, whatever that is (if there is any of that TO buy). We are about to see unconcealable inflation like never before.
 

etc

Veteran Member
I have taken the time to research your previous posts and now realize I can ignore what you say because you are part of the EXTREME RIGHT "fringe element", who thankfully, are too few to destroy the way of life we have established here in America. You want us all to renounce our Social Security, Medicare, drivers license, and every other thing we have VOTED and paid to establish so that there is a certain level of care provided for those who need it. Even the Bible seems to serve only to advance your extremist views. Like Jesus said: 24 Ye blind guides, which strain at a gnat, and swallow a camel.


The $2-trillion coronavirus bailout is probably the largest de facto tax increase ever unleashed upon the American public, which is dumber than a box of rocks as it thinks they are getting paid something.

Congress or any other institution cannot create wealth out of nothing by running the printing press. The bailout creates zero, absolutely zero wealth. It only redistributes the existing wealth by inflating the currency. Nobody has ever created wealth by printing paper, actually wearing out the printing presses usually leads to social collapse.
Every government that has tried it has completely failed and introduced chaos and instability. It has been tried 10,000 and 1 times.

The people that will take a massive hit are those on fixed incomes, with assets denominated in FRN and everyone else. Those who have nothing will gain a bit when those crumbs are thrown their way, but they too will be impacted when they can't find any work and will have to deal with higher prices. Debt leads to unemployment, that's well documented and understood by economists. The bigger the debt, the higher the unemployment rate, that's an economic axiom.

This bailout gets added to the national debt. They are basically borrowing it. Who is going to pay these 2 trillion FRN? The government? No, you ARE going to pay for it by increased debt and inability to find work in the future and by prices that will double in 6 months on everything. In the immortal words of Rush circa 1992, nobody has ever taxed their way into prosperity. The bailout is just another tax. They will flood the country with these worthless dollars which will just either double the prices or add a zero at the end. They can confiscate the money without actually raising taxes. Taxes are irrelevant.

People need to get the shyt they need _now_ because everything will become more expensive, or rather the dollar (The FRN) will decline, making everything seem more expensive.

Trump has clearly shown his true colors, he is a socialist and an inflationist and a redistributionist. He is also a political animal and knows that if he does nothing, he will lose the election, so he throws the country under the bus, redistributes 2T FRNs to appease his handlers and create an impression he is "doing something". As usual, their solution is worse than the original problem. But we will have to deal with it long after Trump is out of the office.

Here is a reality check...

USDebtClock almost at 24T

As Ayn Rand said, you can ignore reality but you can't ignore the consequences of ignoring reality.

The best thing the gov could do financially is to pay off the debt, it would lower the unemployment. They are doing the exact opposite.

Expect prices of every commodity and service to double and salaries to stay the same or decline. Expect crime rates to increase.
The virus is not a huge problem, relatively, it will burn itself out sooner or later, the casualty rate is very low. And I think it will do what it will do regardless of that measures are taken. It's unstoppable. Just accept it. They can shift the graph to the right time-wise but they cannot reduce the total number of people who will get sick.

The real problem is an economic apocalypse of stupendous dimensions that worries me, I think we are facing the Great Depression part II, either right here right now or just around the corner and for the next 15 years, at least. It's going to be epic. And world-wide. They are saying expect the unemployment rate to be above 30%. GD part I was 25%.
The entire society will get redefined. We will look at things as pre- and post-.
What usually comes after a world depression is a world war. That wouldn't surprise me at all.

Samuel Adams
-- You are right.
Proverbs 26:12:
Seest thou a man wise in his own conceit? there is more hope of a fool than of him.
 

Knight_Loring

Veteran Member
There will be greater debt, greater hardship. What then?
With the amount of debt we already have, Does it even matter that 2 Trillion dollars more is getting tacked on?
I think not. This 2 Trillion will never be repaid and neither will the rest of the multi- trillions.
It ends bad, but I think we still have some time before it ends.
 

pauldingbabe

The Great Cat
Except that the goal ISN’T to get people to spend. It’s to assist families where the primary wage earner(s) has/have been furloughed.
EXACTLY

Your supposed to buy FOOD, pay Bill's, etc.

How many cruises are going to be booked for next year? Yes I'm being silly, but people aren't going to buy things they actually need.
 

Dozdoats

On TB every waking moment
I'm going to post this knowing I am wasting my time because willful ignorance is the order of the day here for most where economics is concerned.
========================

View: https://www.youtube.com/watch?v=niyQ4yg1_FQ

Is The Coronavirus Causing The Great Depression 2.0?
RT 44:38
Peak Prosperity

In the past two weeks, 10 million Americans have already filed for unemployment. Moody's is now warning that 30% of all mortages could go into default this year. And the peak of the coronavirus outbreak in the US still isn't projected to arrive for several more weeks. How bad will the economic fallout from covid-19 be? Truly epic. As in possibly "Great Depression 2.0" magnitude. Yes, the clown show in charge of dealing with this mess will likely just make things worse. But the reasons for the dismal economic outlook go far beyond the damage being done right now by the coronavirus. The global economy was dangerously unstable and unsustainable long before this pandemic started. Covid-19 is simply the trigger to bring the house of cards down. Peak Prosperity has been warning of such an economic breakdown for many years. Through our Crash Course video series, we've laid out exactly what the biggest risks are and why we should have been (and still should be) so concerned. We'll be surfacing those core deficiencies in upcoming videos, as we are now swiftly moving from the "warning" phase and rushing into the "managing" phase. Being armed with the information to take appropriate action will become even more important in the days to come.
 

CaryC

Veteran Member
Hi, Cary. I just spent about 20 minutes on the IRS's website.
They state that their telephone customer assistance line is shut down.
They also note that their centers where people can walk in for assistance are likewise shut down.
Digging some more, I could not find anything on how to make sure they had my current address, short of filing this year's return (which isn't due til July now).
So, any leads for me on how to ensure they have my info?
Don't say anything here out in the open, because this is private info for you.

Let me say first off I'm just trying to be helpful. Not a CPA or tax consultant.

What I would suggest to get a head start on this is,.....BTW I suspect you won't find any info like that online, due to privacy issues........check your last filed tax returns. I keep mine for 7 years, even if they are the simplest form.

Those returns will have your filing status, like in "joint" and the address you entered. Then if there was a return/refund, was it direct deposit, or by mail. If it was direct deposit, then the routing and bank account number should be on there. Even if you filed electronically you should have printed out the return for your records.

Secondly understand that the system is overwhelmed and be patient, you have at least until July to make corrections etc.

Did you go to this page?


I will snip and highlight a couple of things:

How will the IRS know where to send my payment?

The vast majority of people do not need to take any action. The IRS will calculate and automatically send the economic impact payment to those eligible.


For people who have already filed their 2019 tax returns, the IRS will use this information to calculate the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate the payment. The economic impact payment will be deposited directly into the same banking account reflected on the return filed.

The IRS does not have my direct deposit information. What can I do?

In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.

I am not typically required to file a tax return. Can I still receive my payment?

Yes. The IRS will use the information on the Form SSA-1099 or Form RRB-1099 to generate Economic Impact Payments to recipients of benefits reflected in the Form SSA-1099 or Form RRB-1099 who are not required to file a tax return and did not file a return for 2018 or 2019. This includes senior citizens, Social Security recipients and railroad retirees who are not otherwise required to file a tax return.


Since the IRS would not have information regarding any dependents for these people, each person would receive $1,200 per person, without the additional amount for any dependents at this time.

I have a tax filing obligation but have not filed my tax return for 2018 or 2019. Can I still receive an economic impact payment?

Yes. The IRS urges anyone with a tax filing obligation who has not yet filed a tax return for 2018 or 2019 to file as soon as they can to receive an economic impact payment. Taxpayers should include direct deposit banking information on the return.


-----------------------------

The Form SSA-1099, is a form the SSA sends out to all it's recipients, usually before Feb. of each year. Stating the total amount paid to you, taxes paid, etc. It was send by mail. If you draw Social Security you should of gotten one of those.

They send this out because you have to include it with any other income you receive to see if you have to file taxes.

Bottom line on this is, if you get one, they got your mailing address. So you got a couple of things you can check on your own.

If any of that doesn't work note this:

In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.

Hope that helps.
 
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