Based on that list, most banks got it today. I did as well, at Bank of America.
I am used to Federal and state deposits to arrive overnight, I get up, its not there, then tomorrow, maybe. Some of what I’m reading suggests that in this case, it may be later in the day? Have i got that right? (Wells Fargo, 4/15, it says)
If filed jointly, your limit was higher, for couples the stimulus was $2400, the income limit was $150,000 for married couples. The payments start **shrinking **above that level.
Heck, my CU is on the list as for today, but it was in the balance as of close-of-business yesterday. So it seems Treasury is moving tranches of payments out as they get their information confirmed.
And yeah, Loach, because of her status (adult dependent) she does not get “Stimulus” but if she’s collecting unemployment she should qualify for the extra benefit – the NJ Labor Dept or whichever is the responsible office should be the place to go for reliable answers; for many people across the country the guidelines and rules are not yet squared away with their respective states (because it’s a different unemplpyment insurance law in each state), but AFAK in many cases it would be near-automatic immediately when they are.
Heck, my CU is on the list as for today, but it was in the balance as of close-of-business yesterday. So it seems Treasury is moving tranches of payments out as they get their information confirmed.
And yeah, Loach, because of her status (adult dependent) she does not get “Stimulus” but if she’s collecting unemployment she should qualify for the extra benefit – the NJ Labor Dept or whichever is the responsible office should be the place to go for reliable answers; for many people across the country the guidelines and rules are not yet squared away with their respective states (because it’s a different unemplpyment insurance law in each state), but AFAK in many cases it would be near-automatic immediately when they are.
Got our deposit today. It will stay in savings for now.
Got ours today, the full amount since our joint retired income isn’t that high.
Much is going to the local food bank.
Mine was deposited into my BB&T account this morning.
Mine was deposited into my BB&T account this morning.
Can’t check because my credit union crashed because of “overwhelming demand”.
That was my credit union last night. My sister got her refund, but as of this morning I see nothing. My credit union was not in the list of banks either.
And… now mine is showing up as “pending” at my checking account, so I’m on my way.
Got mine today, $1,200. Woot!
$2400 for the wife and me, $1200 apiece. Showed up today.
Does your wife agree with that allocation of the stimulus funds? 
Since it went into my savings account, I’m still debating whether to tell her. 
Nah, I already told her. She’s fine with 50-50.
I’m curious, from many of the reactions posted here, some folks don’t seem to be in desperate need, at least not at the moment. How do you feel about this program giving so much money to (some of the people) who don’t really need it?
I freely confess to being one of those people (well, part of one of those couples) who doesn’t need it. Since we are retired we suffered no loss of income; we did suffer a modest loss in the value of our IRA but I expect that to return to what it was before (and more) when businesses are allowed to open again and the stock market comes back. And yet, I am selfishly going to spend the money on maintenance of my home. On Friday I am having parts of my home boiler (hot water and hydronic heat) overhauled (it’s in the garage, no strangers in the house). I am having my back deck re-built before it falls out from under our feet, as soon as we are allowed. This money just means I have to dig a little less deeply into savings to accomplish these things. On the other hand, as I understand it, if I were to donate an equal amount to charity I would get a nice big benefit in this year’s taxes, maybe 15%. It doesn’t seem fair, does it?
There is no bar on you spending the money as you see fit.
I’m currently employed. And I’m getting a modest (very modest) amount of hazard pay. I’ve already donated more than usual to the local food pantry/social services I support than usual (including about 3 months worth of toilet paper). I am seriously considering donating a significant part of my stimulus to such causes. Or helping out my unemployed neighbors even more directly.
It’s your money now. If you feel you don’t need it find someone who does and help them out.
Are you doing that work yourself, or employing someone else to do it?
If you’re employing someone else you’re helping to keep them employed. That’s a good thing.
If you’re using any form of delivery service tip generously.
Again - there’s no bar on you spending the money. That is, actually, the point - for people to spend that money because that’s what will keep the economy going.
How so?
By all means, donate to charity - due to vastly increased demand for services a LOT of charities need money. That tax benefit is your reward for not being selfish and keeping the money but directing to those who need it more than you do.
Got it yesterday. For me this is welcome additional income but I do not really need it, as I am full-time employed (for now). But it left me wondering how this one-time payment is going to fulfill the needs of a suddenly-unemployed family for more than a couple of months. Almost certainly a steady monthly infusion of funds will be required for most people who have lost their jobs. I hope the next stimulus package (if there is one in the works) will take a longer-term view of the economic situation.
Thanks. My ignorance. I thought the $75/150k was a hard cutoff.
I hadn’t paid much attention, because I thought the entire process stupid and unwarranted. Hard to imagine why anyone would think we ought to further bankrupt our kids’ future so that a couple earning over $150k, w/ paychecks continuing during the crisis and no additional expenses (hell, actually reduced expenses), ought to get some free cash… :rolleyes: