Coronavirus

The proposal currently calls for giving that money as a credit against your taxes.

“So this wouldn’t be taxable, because it’s your own money back essentially,” said Jeffrey Levine, director of advanced planning at Buckingham Strategic Wealth in Long Island, New York.

I don't know what that means.

I don't need it but will take it if given.

I don't know what that means.

Your not alone

I don't need it but will take it if given.

Don't you worry they will get it back somehow

Don't you worry they will get it back somehow

Plus interest.

I'd ask for it in TP but I will need more than three rolls...

[[SIZE=7][COLOR=rgb(184, 49, 47)]How much will Americans get paid by the coronavirus aid bill? [/COLOR][/SIZE]]('https://nypost.com/2020/03/25/how-much-will-americans-get-paid-by-the-coronavirus-aid-bill/')[SIZE=7] [/SIZE]

[[SIZE=7][COLOR=rgb(184, 49, 47)]How much will Americans get paid by the coronavirus aid bill? [/COLOR][/SIZE]]('https://nypost.com/2020/03/25/how-much-will-americans-get-paid-by-the-coronavirus-aid-bill/')[SIZE=7] [/SIZE]

thanks jpd:
Ultimately, however, the package will be “reconciled after the fact” with a person’s 2020 earnings, meaning if you earn more or less this year, you stand to either pay back some of the bonus or get a bigger rebate next year.

So it is taxable is what I'm getting out of that. Based on that I don't know that I want it. I already owe for 2019 & was going to use this to help payoff that. So I use it to pay past taxes & then get hit again when I file for 2020.

I originally thought this to be a straight "Here ya go - have fun & don't spend it all n one place" kinda thing. Not something that comes with strings attached.

thanks jpd:
Ultimately, however, the package will be “reconciled after the fact” with a person’s 2020 earnings, meaning if you earn more or less this year, you stand to either pay back some of the bonus or get a bigger rebate next year.

So it is taxable is what I'm getting out of that. Based on that I don't know that I want it. I already owe for 2019 & was going to use this to help payoff that. So I use it to pay past taxes & then get hit again when I file for 2020.

I originally thought this to be a straight "Here ya go - have fun & don't spend it all n one place" kinda thing. Not something that comes with strings attached.

I think it is taxable, but that segment is explaining the cutoffs. If you made less than the $99k in the 2018 base year but more than $99k in 2020 when you file then you might have to give back money.

I think it is taxable, but that segment is explaining the cutoffs. If you made less than the $99k in the 2018 base year but more than $99k in 2020 when you file then you might have to give back money.

it was the closest I've been able to find to answering the taxable question that I I've seen...........

The stimulus check WILL NOT BE TAXED!!

The stimulus check WILL NOT BE TAXED!!

so it's no strings attached? Use as you want - we do't expect to be paid back? Not going to be added to your earned income totals?

CORRECT!!! Let's keep in mind it's not signed yet so anything is up in the air

Sheesh, a long string of posts that can best be summed up as, "Never look a gift horse in the mouth." It gets taxed, so what? It's still better than a sharp stick in the eye. It doesn't get taxed, even better.

Seriously, if it's going to get taxed are you going to reject it????

If your already receiving benefits from another agency for any reason... your Out .
This is for workers and people paying into agencies keeping our country afloat.

it’s not forThe Glommers to Glom more

✍

Here's an article from today's NYT showing the "Love" being showered on NYC residents fleeing the city to their second homes. Think just about everyone up here want's Claymores and Concertina Wire set up on the I-95 bridge to NH...

Here's a snippet, entire article attached...

On Long Island, private plane and jet traffic increased at East Hampton Airport, with everything from single-engine Cessnas and Piper Cubs to Gulf Streams and Falcon jets landing.
***
“We’ve had helicopters, seaplanes, corporate planes,” said Jim Brundige, the airport director. “A little bit of everything.”

Stores there have also been stripped. Some people are even buying extra freezers, residents said.

“They want to make sure they have enough for a year,” said Jonathan Amaral, the house manager and chef at a gated estate on Southampton’s Main Street. “The shelves were bare. For us locals and middle class people, that hurts.”

Long before the virus struck, many full-time residents of towns that flood with seasonal visitors already had a healthy distrust of their part-time neighbors and the crowds that follow in their wake.
***
“Some people have bitter feelings toward weekenders,” said Honora Trimbell, of Bovina, N.Y., in the Catskills. “They’re just taking this opportunity to elaborate.”

[[SIZE=7][COLOR=rgb(184, 49, 47)]The wealthy flee to Nantucket, a ‘medical desert,’ during coronavirus lockdown [/COLOR][/SIZE]]('https://nypost.com/2020/03/25/the-wealthy-flee-to-nantucket-a-medical-desert-during-coronavirus-lockdown/')[SIZE=7] ? [/SIZE]

nice, remember the Titanic... cellie...

My brother in-law owns a plumbing company. They got the contract to supply refrigeration for the make shift morgue in Manhattan. Here is a picture of his truck in the background. The government is expecting a major body count in the next few days and weeks. It’s not the flu!! This is from today.

My brother in-law owns a plumbing company. They got the contract to supply refrigeration for the make shift morgue in Manhattan. Here is a picture of his truck in the background. The government is expecting a major body count in the next few days and weeks. It’s not the flu!! This is from today.

I guess by now most of the world knows its not the flu