Comments on: What You Need to Know About the US Stimulus Checks https://goodbudget.com/blog/2020/04/what-you-need-to-know-about-the-us-stimulus-checks-2/ Budget well. Live life. Do good. Tue, 21 Apr 2020 19:31:52 +0000 hourly 1 https://wordpress.org/?v=6.2 By: Karisa https://goodbudget.com/blog/2020/04/what-you-need-to-know-about-the-us-stimulus-checks-2/comment-page-1/#comment-6795 Tue, 21 Apr 2020 19:31:52 +0000 https://goodbudget.com/?p=13412#comment-6795 In reply to Rachel.

Hi Rachel – Thanks for your question! The stimulus check is not an advance on your income tax return — these economic impact payments are totally separate from your tax returns. And, they will not have to be paid back. Check out Q20 on the IRS Information Center for more detail, as well as answers to other questions you may have. Thanks again

]]> By: Karisa https://goodbudget.com/blog/2020/04/what-you-need-to-know-about-the-us-stimulus-checks-2/comment-page-1/#comment-6794 Tue, 21 Apr 2020 19:22:52 +0000 https://goodbudget.com/?p=13412#comment-6794 In reply to Joan S Smith.

Hi Joan – That’s a great question! Yes, you are eligible for the economic impact payment (stimulus check). And because it’s not considered income, it also doesn’t affect eligibility for other government assistance / benefit programs (e.g. disability, social security retirement). You can also check out the IRS website if you have other questions about your eligibility. Specifically, Q2 has more info about eligibility and confirms that folks receiving SSI are indeed eligible. We hope that helps!

]]> By: Rachel https://goodbudget.com/blog/2020/04/what-you-need-to-know-about-the-us-stimulus-checks-2/comment-page-1/#comment-6720 Sat, 18 Apr 2020 16:31:47 +0000 https://goodbudget.com/?p=13412#comment-6720 Do we have to accept this check? How can we just return it to the government. I heard it is really considered an “advance” on our income tax return for 2021 returns (2020 tax filing) and that we would have to “pay it back” at that time.

]]> By: Karisa https://goodbudget.com/blog/2020/04/what-you-need-to-know-about-the-us-stimulus-checks-2/comment-page-1/#comment-6685 Fri, 17 Apr 2020 00:17:57 +0000 https://goodbudget.com/?p=13412#comment-6685 In reply to Teresa Strey.

Hi Teresa – Thanks for letting us know! Can you exactly where you see that contradictory info? We’ll work on updating that ASAP.

]]> By: Karisa https://goodbudget.com/blog/2020/04/what-you-need-to-know-about-the-us-stimulus-checks-2/comment-page-1/#comment-6684 Fri, 17 Apr 2020 00:17:05 +0000 https://goodbudget.com/?p=13412#comment-6684 In reply to Heather J..

Thanks Heather! We’re working on updating the post now 😀

]]> By: Teresa Strey https://goodbudget.com/blog/2020/04/what-you-need-to-know-about-the-us-stimulus-checks-2/comment-page-1/#comment-6682 Thu, 16 Apr 2020 23:45:13 +0000 https://goodbudget.com/?p=13412#comment-6682 You give contradictory info on receiving relief check directly into you bank account.

]]> By: Joan S Smith https://goodbudget.com/blog/2020/04/what-you-need-to-know-about-the-us-stimulus-checks-2/comment-page-1/#comment-6674 Thu, 16 Apr 2020 18:35:11 +0000 https://goodbudget.com/?p=13412#comment-6674 How will this affect those of us on a fixed income, whether because of early retirement or disability? Will it count against our monthly/yearly allowed income?

]]> By: Heather J. https://goodbudget.com/blog/2020/04/what-you-need-to-know-about-the-us-stimulus-checks-2/comment-page-1/#comment-6671 Thu, 16 Apr 2020 16:52:03 +0000 https://goodbudget.com/?p=13412#comment-6671 The portal to check on your payment information is up: https://www.irs.gov/coronavirus/get-my-payment

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