Stimulus Checks
 

Sometime this year, we taxpayers will likely receive a economic stimulus check from the government.

It is indeed a very exciting program and I’ll attempt to explain it by using a Q&A format:

Q: What is an Economic Stimulus?
A: It is money that the federal government will send to taxpayers.

Q: Where will the government get this money that they are sending to the taxpayers?
A: From the taxpayers.

Q: Is the government simply giving me back my own money then?
A: No, only a smidgen of it.

Q: What is the purpose of this payment?
A: The plan is for you to use the money to purchase a high definition tv
television set, a new iPad or a new SUV, thus stimulating the economy.

Q: Isn’t that stimulating the economy of China?
A: Shut up.

Below is some helpful advice on how to best help the U.S. economy with your stimulus check. Use it wisely.

* If you spend the stimulus money at Walmart, the money will go to China or Sri Lanka.

* If you purchase a computer, the money goes to India, Taiwan or China.

* If you purchase fruits and vegetables it will go to Mexico, Honduras or
Guatemala.

* If you buy a fuel efficient car the money will go to Japan or Korea.

* If you purchase useless stuff, it goes to Taiwan.

Instead, keep the money in America by”
(1) Spending it at a yard sale, or
(2) Going to a ballgame, or
(3) Spending it on prostitutes, or
(4) Buying beer, or
(5) Buying a tattoo

These are the only American businesses still operating in the U.S.

CONCLUSION:
Go to a ballgame with a tattooed prostitute that you met at a yard sale and drink beer all day.

No need to thank me - I’m just glad I could be of help.

I think we have a lot in common TiltonBB...

Chuck daSilva in Moultonborough! 😂

And Sea-Doo and Yacht Club and Smith and Airhead and SeaChoice and...

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I was trying to make a funny...😂🤓😄🙄

So far it seems like it has been spent on internet service!

SanFrancisco? Maybe, maybe not.

Stimulus Check
 

I choose to give to local charities where it will do the most good!
While I do support local businesses but I am aware of where the product I buy is made. Please support American businesses and local charities.

Stimulus Checks
 

Has anybody here on the forum received a stimulus check yet? They said direct deposits would start on 4-6-20 but today is the 9th and I have yet to hear of anybody getting one.

Likewise, SBA advances were supposed to start on 4-3-20 but I have not heard of anybody getting any of those promised funds either.

Sort of reminds me of the link below.

https://www.youtube.com/watch?v=JHiqGqoIGII

I heard that they were supposed to start sending checks the week of April 13, and should be finished with those people who have filed with direct deposit by April 24. Then they will start sending out checks to those who do not have direct deposit.

Unfortunately, some pundits have suggested that the las paper checks won’t go out until August because of the slow, outdated process. That will be too late for most of the people who really need it.


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A friend of mine got a $600 check today. Edit: it appears that was an unemployment benefit, not stimulus check.

I have not received my jetski accessory/gas, eating out...I mean stimulus check yet...

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www.ekalactivitycenter.com had quite a few stand up paddle boards and kayaks from their rentals, priced to sell at low, low, low prices ..... last October ..... and probably still has many left.

And you did!
 

But Top-Water was being even funnier in post #3!

Toppy- It was a beautiful thing! :D

Stimulus Check Humor
 

Where’s the check!! :D:D

"One of these days Nancy, POW to the moon" :D

Jackie Gleason, 1916-1987, known as the 'The Great One' ...... for an interesting biography on Jackie Gleason, suggest you go to Wikipedia and read the section on his early life .......

"Jackie Gleason was a staunch supporter of the Republican Party and eventually became good friends with Richard Nixon. Gleason and Nixon would golf together."

The PPP provision in the C.A.R.E. act would be a huge help to small business' but its first come first served until the money runs out.
Money will be forgiven that is used for payroll, utilities,rent and interest on mortgages which would be a huge help, especially
to restaurants
Understandably,there was a huge run on the banks nationwide on friday when the applications were first accepted but there were some obstacles.
We got ours in at 10a.m. on friday thinking it was good to get in early.At 3pm my bank contacted me to let me know that SBA wanted payroll records since the amount of the loan is based on payroll.Had to scramble to get that done, since we use a payroll service but called them and they helped out.
At 7 pm we were notified by my bank that SBA now wants tax returns.We paid in May and had them on file so we rushed back to the office and got them right in.
We read every page of the C.A.R.E Act and no mention was made of needing these records or we would have had them ready when we first applied.
My point is that I believe this probably happened to nearly everyone that applied so there probably will be a delay in distributing the money.
It's understandable that they are overwhelmed
Loan officers at MVSB worked through the night to help process loans for their customers....best Bank in NH

So funny and so true! That was a great show back in the day!:D

Checks in the mail...
 

Yesterday in the daily Covid 19 update Mike Pence said the stimulus checks are on targeted to go out as promised beginning next Friday (April 17th).:confused:

Ummm. replay back to March the checks would begin going out from IRS on April 9th!

The SBA gov site for loan requirements was updated everyday since last Friday as they inserted verification requirements daily. The updates went into Tuesday. Banks finally began releasing money for PPP on Wednesday.

So you're blaming the speaker for the Treasury's slow distribution of checks from a program that only a Democrat could love?

Seriously, I do not understand how any self-respecting Republican could like the idea of checks being mailed to every American with no hint of how to pay for them.

Hey Einstein,

You see the two smiley faces in my post and the word “humor” in the topic? Didn’t think so...

Take a chill will ya!

Dan

Actually......I remember as being "bang, zoom" for the trip to the moon

Went through something similar with our local bank, thought we had all the correct forms filled out, all the necessary backup information, but then the bank asked for the latest copy of our bank statement. :confused: Yes, the latest statement from them, the same bank we've been dealing with for 20+ years, that holds the mortgage to our building.

Come to find out,we were the first PPP loan they were processing, so they were a little lost themselves. Happy to report we were fully funded this morning.

We just got our stimulus check—you know how much jetski stuff and hats I can buy now?! Cha-CHING!

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Dialing for dollars 2020
 

Not to put a damper on all the fun stuff people can do with their stimulus checks, but it’s disturbing to me that the people who really NEED the money haven’t received it yet! The lines of people lined up at food banks across the country just blew our minds...thousands of people needing help and food for their families. It also blew what was left of our minds that people seem not to save a dime for hard times.

Absolutely. Part of my comment is sarcastic because we don't really need it—I'll be doing what I think is important, though, and putting it back into the economy (the ski and gear was paid cash last month with inheritance money, given us a bit of extra spending coin).

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P.S.
I should have made it clear that my comments were not intended as a criticism directed at you. The system has kinks in it. 😎

No worries—I agree with you that it's imperfect.

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How absolutely true. Putting away for a rainy day or the idea of a pantry, seems to have vanished to all but a few. Guarantee if I run of of ketchup, TP, pasta, (fill in the blank), I have one tucked away somewhere, (no, deli items don't count, lol) and my house is smaller than most peoples living rooms.

Some people call it planning....

If nothing else, this crisis has highlighted the debt problem across the country. Federal debt is now well over $20 trillion. State and municipal governments almost equal that amount. And personal debt again approaches that amount. The past several decades seem to have a "spend all you want, we'll print more" attitude. Which is great, until hyper-inflation kicks in.


Anyway, if you're still looking for areas to spend your stimulus check (just heard from my credit union that ours will be in our account 4/15), try a local musician, especially one who uses American-made instruments... :D

Please forgive--I have soft spots for both Nancy and Jackie. So I probably do need to chill.

To the Moon, Alice...to the MOON!

As a child I used to chuckle when Ralph yelled this to Alice on "The Honeymooners," but with the passage of time I no longer think it's funny to threaten to strike a woman.

How things change: why did we ever think threatening someone with domestic violence was humorous?

Stimulus Checks
 

Went out to the IRS.gov site to check on status of our checks using the 'Get My Payment' link. Was not able to get a status.

I am on Social Security and receive a monthly direct deposit, Sue is still working. We have not filed our 2019 Taxes and did not receive a refund last year, 2018.

Looking for a place to verify they have our correct/current info. Any suggestions. ?

Thanks,
Bill
Water Camper

Hey ...... I'm 68 and recently, like three days ago, got my $600 gov pay-out into my MVSB account that also receives my monthly social security pay-outs.

Went to Walmart and bought a large yellow Forsythia shrub, and a Roger Federer tennis ball carrier/picker-upper, holds 75 tennis balls, reg price $19.95 reduced to $11.00 as a slow seller or something ........ to make my tennis game ...... GREAT AGAIN ...... is suffering from too much pickleball!

Yes, I thought about that soon after I hit send. There is nothing funny about domestic violence. Three reflections/reasons I did not delete:

First, I remember Ralph as a loving husband who never harmed Alice in any way. She never believed him when he said "to the moon", I'm pretty sure she smirked. He also said stuff like "I'm king, you're nothing", during episodes when it was crystal clear than she was the queen, and he the court jester.

Second, lots of great art is full of contradiction and tension. Tony Soprano is a loving family man, Walter White a bookworm. Springsteen's "Born in the USA" pairs patriotic uplifting music with a harsh indictment of the USA's mistakes. It is Ralph's bluster paired with his love inside the home and ineptitude outside that makes the show.

Third, it's been a long time, memory is a funny thing. I will try to watch again, and I will take down my salute if I come to agree with your point.

My son told me this weekend he got his...

Got mine today!!

IRS.GOV site for refund update/status
 

My son got his today.

This morning the IRS finally activated the stimulus portal to check on your refund status. I found when I logged in they didn't have my bank info.

If you go to https://www.irs.gov/refunds and register you can find the status of your refund, or enter your direct deposit information if necessary....

Only took about five minutes to do.

Gimme a break...it was called COMEDY before freakin’ political correctness. Come on people...:

That said, in keeping with the thread title, my daughter received her stimulus today.
$1200 for her and $500 for my granddaughter.
I have been trying to access my bank to check on the status but their websites are probably overloaded and I can’t get in to my account.

Frankly I find that it is still somewhat "funny," even in this day and age, which begs the question: why did, and why would, enlightened people think threats of DV are "funny?"

I don't fault you for posting, nor do I fault you or I for laughing: I merely wonder why we thought and still think it is "funny?"

I have a client who just had his wife jailed on a threat she made to shoot him: she's charged with a felony.

Some time ago a woman said she was moving out that coming weekend: while moving out her husband shot her, her lady friend who was helping her move, and himself.

That's reality, and it's no laughing matter.

Our oldest received hers yesterday.

Glad you’re not a victim of a spouse who treated you in an abusive manner. As someone who was subject to so much gaslighting by a spouse who gave me the ultimate FU by committing suicide and leaving a note saying I pushed him over the edge, I am not so cavalier about this type of stuff.


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gillygirl, that must have been terrible for you to have to go through all of that.
You didn’t deserve that.

Hi gillygirl. I'm also sorry to hear this, and doubly sorry that my post reminded you of a terrible time.

Thank you. I’m doing better now.


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Thank you. Your post didn’t really bring it up, more so the posts dismissing concerns about how it flies in this day and age.


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I own three vehicles: A Volkswagen Passat, a Honda Accord, and a Dodge Caravan. Only one of them was made in a foreign country, the Dodge Caravan.

$600?
 

I thought it was supposed to be $1200.
Is your check discounted through The Bank of Walmart? :laugh:

Not exactly
 

Yeah, no it's not your money.

You money was spent a long time ago.

This is fresh off a printing press and it's a big fay IOU that you and your kids, and your grandkids will have to pay someday.

But hey, that doesn't play as well, does it?

Stimulus Check
 

Here is your stimulus check.

Schedule for payments:

https://www.fool.com/investing/2020/...lus-check.aspx

He's giving away more money than any President ever did. If it doesn't get the economy back on track we'll be in big trouble.

Oddly enough, those above that take issue with these checks are the very same people that want (dare I say need) income from the very people that are receiving them.

I will admit upfront that I spent the money on a new AR. I obviously did not "need" one, but .....

So for those that are so offended.... Simply refuse to sell lunch/dinner or refuse to rent a room to those that you feel are costing you money. That, after all is your right!

Keep paying your taxes and enjoying it!

The Fisher Island Association representing the richest zip code in America was approved to receive a $2 million emergency coronavirus relief loan from the Small Business Administration, despite suffering no layoffs and no apparent financial impact from the coronavirus pandemic.

Because of the outrage they polled their owners and decided not to accept the money.

Who applied for this?
Who approved this?
How many more situations like this are there that we have not heard about?

https://www.aol.com/article/news/202...gram/24104903/

My company borrowed $367K as part of the same Paycheck Protection Program, so I'll fill in a few blanks:

The program is really well intentioned--it allows a company to borrow 2.5 months' worth of payroll, and then forgives the entire amount if the company does not fire employees between now and June. So essentially the government is covering your payroll expenses under the condition that you do not fire anyone.

But the problem is that there is no real requirement that a company "need" the money. So even if your business was doing fine, you could still get the loan. The real determinant of who got the first round of loans was companies who were able to complete the (very easy) paperwork instantly and also had good relationships with their banks. We were lucky to have a very good relationship with a small local bank, so we avoided the horror stories.

Who has good relationships with big banks who doled out the lion's share of the loans. If you guessed large, sophisticated companies with plenty of financial resources, you'd be correct.

Who cannot get the free money? The people who need it most. Restaurants who laid everybody off, but still have to pay rent and are going to have a miserable time even after they are allowed to reopen, just for example.

I am retired and disabled after working for 42 years and I didn't get a stimulus check. :confused: :(

notice how all these big (publicly traded) companies are returning this money with dubious claims of how they were allotted monies. someone in the accounting division with normal oversight, pushed the send button with only a fully completed application.

Stimulus Checks
 

Flying Scott, you and I agree! We “borrowed“ $1,360,000. Obviously we are not the target audience to this program. However, we employ about 55 people and it is going to them. As someone who has only contributed my whole adult working like, I don’t feel too guilty other than burdening my kids with the debt! However, when I go, I think they’ll be okay! ;-)


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Promises, promises 🙄
 

We are also retired, not disabled, and we didn’t receive the stimulus check either. We qualify....go figure.

Stimulus check
 

Go to this site to check on the status of your check.

https://www.irs.gov/coronavirus/get-my-payment

I checked once a day and got a message that no data was available. Then one day it asked for additional info and said it would be processed.

Still waiting to see when it shows up in my bank account.

Please be more proactive. My oldest son who was technically furloughed but given his job we are not sure whether it will be there when this nonsense is over and my youngest son both received stimulus checks. Sometimes the squeaky wheel gets the grease. My suggestion is to be a pain in the you know what. Good luck!


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Thanks...we’ll give it a whirl. I am an expert at being a pain in the you know what! 🤓

Just now checked the “get my payment” IRS site where we were just getting the “no information” for the last few weeks and had given up on checking...to our surprise, it asked for “more info” so we put the info in and it said “YOU WILL HAVE YOUR STIMULUS DIRECT DEPOSITED!”

Hallelujah!
Now we can pay our taxes...:rolleye2:

Been getting that notice for over a week now and still nothing, have a friend that got a notice that his will be deposited later this week, so I guess we have to wait for another update?

Apparently...we were just happy to see a different response to the inquiry.

I suppose the next “update” will pronounce a deposit date?

A friend checked the "Get my payment" website and it said his check would be mailed May 1st, along with a letter of explanation. So hang on, they are still processing checks.

I guess I'm missing something here
 

I don't hear anyone talking about spending hours/days in car lines trying to get food to put on the table (as is happening in many other areas).

I understand this is a conversation about our "new society"- but what's with all the groveling over the stimulus check?

No groveling permitted
 

Commenting vs. groveling....I consider it the former.
I just checked the definition of groveling, and it makes no sense in this context.
Maybe commenting vs. growling works better. No growling, please. We should all wait patiently for our allowance.

Yes, you are “missing something”
You seem to miss a lot but I realize it’s because you’re blinded by your “new society” ideology. There is no “new society.” There is however, a grand, manipulation of existing society.

I received a letter in the mail today from the Dept of the Treasury letting me know that my stimulus check was sent out (I received the Direct Deposit payment last week). There is a web site and phone number at the bottom that may help anyone looking for more info.

This is for info only. I am not looking to be targeted for the signature on the bottom of the letter.

Attachment 15899

Thank you for the civil comment.

The statement "Now we can pay our taxes" was made on this thread. Yes, I saw the emoji, but still...

It doesn't seem to me that anyone here is getting into food lines- at least not in the Lakes Region.

My apology for misunderstanding you, Jethro (Hillcountry- see what I did there?)
You like to "bait" people to get a rise out of them- you ARE a troll!

You said you “must be missing something” and I just agreed with you. As far as “bait” yes I am a fisherman and have “caught” many fish while trolling.
Name calling doesn’t bother me in the least...let’s see what else you can “do there”

Hopefully post CV-11, many will reconsider preparing for wide ranging emergency situations. Yes, it requires spending money on things that aren't frivolous like food and paper goods. It will also require people to not spend money on frivolous things and establish a rainy day account.

Light travels faster than sound...
 

That's why some people appear intelligent, until they open their mouth! :laugh:

I just read an article that said if you are on Social Security you will not get your money direct deposit unless you go to the following website.
Get my payment tool website.
The article said that the Social Security administration is not in sync as much as you would think with the IRS. If you don’t go to the website, you will eventually receive your check in the mail. If you want to speed it up, now you can. Hope this helps.

I got a letter from the treasury today, saying we are getting the $2400 by direct deposit, and we didn't have to do anything at all beforehand. We are retired and on SS. I filed my return back in March and had the refund due come by direct deposit. So what is the "article" that you read that implied otherwise?

I was just scrolling through the news and it was a story in the business section by Forbes dated today April 28, 2020.

I remember forum members were wondering why they didn’t get it and I thought this might help.

I don’t know how to click on a link like so many people do, otherwise I would.

Reminds me of one of my favorite quotes . . .
 

. . . from Mark Twain - "Better to remain silent and be thought a fool than to speak and to remove all doubt." Although I love this quote, I don't follow it too often!

Which also reminds me of - "Never write if you can speak; never speak if you can nod; never nod if you can wink."

The difference is that you already filed your taxes. Only if you have not filed do you need to enter the direct deposit info...that’s how I understood it anyway.
We didn’t file yet as we are taking advantage of the grace period.

I just looked up the title of the article.

Social Security recipients: You may have to act to get your stimulus money electronically.

I googled this and found” the article” that you asked about.
The article directs you to the website that I posted earlier. It said that many Social Security recipients, not all, are having problems. I guess you were lucky.

Major- I don't think I've EVER agreed/understood with anything you've posted- but this IS good!

Thanks!

From what I've read...
 

If you have SS checks electronically deposited and/or you get tax REFUNDS electronically deposited- you should be good to go.

It sounds as though, if you don't have some kind of electronic input from the government (get tax refunds/SS), you need to make different arrangements.

As Iowa Goes, So Goes ???
 

Iowa is cutting off unemployment to employees who refuse to return to work. Will more states, like New Hampshire, follow? :confused:

We can only hope so! How can we expect to get back on track if a person benefits more by staying home rather than returning to work??? 🙄 Uh duh..... let me think....that’s a tough one!

It requires the company to report back to the state that the employee refuses to comeback. Not a way to build employee/employer relations


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What we’re they thinking?
 

Someone knowledgeable probably has an intelligent response, but I have wondered what geniuses thought this would be a workable solution to the unemployment problem (juicing it up with a $600 bonus). Terrible idea, IMO.

What Were They Thinking?
 

They were thinking, "Hey, it's not our money".

The misguided thought process was that unemployment alone would not be enough to keep the economy moving and keep people fed. Because of the short time they had to pass the bill they came up with that $600 extra as opposed to creating a formulation approach.

Short term (quick or impulsive) solutions often have longer term consequences

Anything the government does becomes a big mess. It is too big to do anything right. Too many cooks and all----

My daughter, a hair dresser, lost her employment when they closed the salon at the beginning of this fiasco. Single mom with my 4 yr old granddaughter and a mortgage. She immediately applied for unemployment and when they calculated her benefit it came to $72/week. Their calculation formula, as the state law mandates, did not include her last (so many, months, not sure) of her income and she appealed that most of her “better” income had come in that “omitted” time period. They would not adjust anything and her benefit was to be $72.
Then they came out with the $600 deal and that lifted her spirits a bit.
She has since received the stimulus money for her and her daughter but has yet to see any unemployment benefit. (As of last week when I asked her)
Many will take advantage of that $600 and will not want to work but that is not the case with my daughter.

A great illustration of how so many getting the $600 bump are often shorted in other ways. Plus, as I'm sure she's calculated, she's in big trouble if the stimulus runs out before the economy is back to full steam. As my hair stylist pointed out to me in 2008--when everybody changes from a haircut every 4 weeks to a haircut every 5 weeks, her already modest income drops by 20%.:eek:

The good news here for the rest of us--your daughter will likely spend every penny of the $600. This is not true of the $1200 recipients, many of whom will save some or all of the cash. Nothing wrong with that, but it will not stimulate the economy.

Give her a hug from the rest of us

One size doesn’t work for all
 

Your daughter’s case illustrates the fact that “one size doesn’t fit all”, and for those who need the extra to make ends meet, that’s fine. However, there are always some who unfortunately “game the system “. There’s got to be a better way......

No accusation here and no knowledge of this situation: But many people in jobs that rely heavily on tips do not report ALL of their income for tax purposes. (There's a surprise!)

That may save when it comes to paying taxes but doesn't help when something like a stimulus check is based on the income reported on the tax return. That is an example of "gaming the system" that didn't work out.

Again, I do not know what applies in this situation.

Absolutely! I do believe tips are a huge part of income in many professions.
I usually give my dog groomer$20-$25 for a $45 grooming...I have heard over the years that women tip generously for salon work as well. I always tip waitresses well more than 20%. I don’t know what my daughters tip “income” was but I agree with your comments.

Iowa unemployment
 

Do not get confused. The majority of intended "victims" in Iowa are people who work in the large corporate meat processing plants. Plants that have had large outbreaks of C-19. The same plants where the President using the wartime Executive Powers ordered the plants to reopen. Is it a coincidence that the majority of plant line workers are immigrants?

Hill, I read somebody took the money but didn't need it so donated it to one of his causes. Why shouldn't that go to somebody like your daughter who really needs it? So annoying.

You can’t take my $600 away....
 

Flylady, without even looking I guessed we might have a “left coaster” responding. I am not confused at all, and was not referring to the Iowa meat plants specifically, but to the unemployment compensation situation as a whole and how it’s prone to abuse. It’s unnecessary to drag politics into every discussion.

Thanks! Govt “programs” sometimes do not go to help the ones that need it most. I also have read where these stimulus “loans” have been taken by large, organizations that are flush with cash already...don’t know what the answer is and doubt few do.

I have been following a local pizza place on FB that has been closed after trying take out early on.
Initially, the owner said May 1st would be his new opening for take out date.
I messaged him earlier today as we were going to order food tonight.

Here is his message:

”WE ARE TRYING TO REOPEN BUT I’M STRUGGLING TO GET EMPLOYEES BACK IN HERE. THEY ARE MAKING DOUBLE ON UNEMPLOYMENT WHAT THEY NORMALLY WERE. IT’S A NATIONWIDE PROBLEM”

So sad and not a good thing for reopening the economy. Serious mistakes Have been made that may well be the last nail in the coffin for small business.

I agree that people like Hill's daughter should be getting more, and some $1200 recipients less. But maybe his "cause" was a food bank that has seen demand double over the past few weeks because so many hairdressers, waiters, and others are out of work? That would have been a much better use of the money that sending it back or refusing it. Food banks and pantries are especially hard hit now, not only are more people in need, but donations of food are drying up.