Weird, I posted this exact thing in the Quarantine thread several weeks ago, but now it appears to be gone? Do those threads eventually vanish?
Anyway, I’m able to work from home, so I don’t need the money to survive. That said, there is an existing cc debt I need to pay off, mostly car repair costs, so that’s what this is going toward. And paying off whatever little I have left from buying said car (about $200 left on that.
I want my cc debt cleared up asap so I CAN spend more money on the things I enjoy… If I have money to put toward it, it makes zero sense not to do so, because otherwise you’re just spending more money in fees. Meaning you have LESS for spending on the economy.
Assuming you are talking about your 2020 taxes. Is there any reason you can’t take it (stimulus money) and use it to pay estimated taxes this year, so you don’t own for underpaying for 2020? Or, if you are employed, increasing your withholding from your paycheck?
Just received a notice that the funds hit the bank today. All $2,400 of it.
But I am not happy about it. The funds didn’t go into my account. They went into my parent’s account, which would be fine except my parents passed away in 2019 and 2020, and this is an estate account. And it’s such a pain in the ass to maintain an estate account that I was going to close this account just as soon as the 2019 taxes were paid. Which they were, federal taxes earlier and state taxes today. Fuck it, Donald J Trump insisted that his signature be on the check, and if he’s dumb enough to pay it to the deceased, well, who are the dead to complain?
So I’ll deal with that clusterfuck eventually. In the meantime, our stimulus money is still just a promise.
Yep, very good reason: It’s easier to bitch about than to bother with. Got surprised this season is all–nice problem to have, some might say. There’s more to it, but not on a public message board. I’m just bummed that we earn barely too much to get a check, and not enough to make a few million in tax breaks.
This article is way too long and detailed for me to capture the essence with a few quoted paragraphs. If you or someone you know does not file with the IRS because of earning too little $$, suggest you read the whole article carefully…
Mine hasn’t shown up yet, unless it came in since I checked; but I know where it’s going – to two different local repair shops. One of the tractors needed some work; so did the work van. Both sets of repairs came in at significantly more than I’d guesstimated in advance. Which, of course, I should have expected; and sort of did, though I was hoping otherwise.
I know it’s intended to be spent but I’m saving it (and the student loan deferral and the car insurance discount) until I know the wife and I don’t lose our jobs. No way in Hades I’m spending it before I’m absolutely certain.
We’re going to give it away. Some will go to a group of women in our town who are buying food for health care workers. Some will go to the local food bank. We’re still figuring out where to give the rest (we want to give locally to things we can trust), but we’re going to hold on to a good portion to donate to a local organization that provides food and presents for families in need at Christmas time. I will also increase the tips I’m giving when we get takeout. But the first thing I’m going to do is hit the local liquor store to replenish our wine and beer stocks.
Lots of surprises. Firstly I was surprised to get anything because NY State usually poaches whatever I get from the feds because I’m behind on my taxes. I’m in a payment plan but just a couple months ago they took my state and fed refunds and the proceeds from savings bonds I redeemed.
Another surprise was that they used my daughters’ ages (16) as of when I filed my taxes as opposed their ages now (17) so I got money for them.
So, I bought a nice Egyptian doumbek, I’m putting most of it in savings (my contract ends in June), and keeping some out for bills and a little extra in allowances. Our laptop is in bad shape with multiple cracks on the screen and a non-functioning keyboard (we use an external), so that might be the big splurge.
I feel like my situation is an outlier, so we’ll see how it plays out. I’m about halfway through a Chapter 13 bankruptcy, so for the past couple years, I’ve had to opt to receive a paper check for my federal refund. That includes the 2018 and 2019 federal returns, so I was expecting to have my stimulus checks (married, filing jointly) mailed (with his name on them, oh joy), possibly receiving them in late May or sometime in June, at the earliest. Then, I learn that the IRS is providing a website where folks can check on the status of their payment.
I go yesterday and find out that, lo and behold, I can opt to receive a direct deposit after all. I enter the relevant information, a fairly simple and straightforward process. Suspiciously so, thinks I, considering we’re talking about a government resource that was thrown together in no doubt great haste, and that has to serve up to hundreds of millions of folks. I’ve always been a pessimist, btw. Now, a day later, I have no payment date as of yet, but I do have a statement assuring me I’m eligible for the payment. Since I wasn’t on the direct-deposit initial list, it could be several days before my situation is ‘updated’ appropriately. Watch this space for further news on how this shakes out.
As for how I’ll use it, when I get it: a new roof, more than likely. Replacement has been needed for years, and in the past few months, a leak has developed in one spot, with the potential for two more appearing as time has gone by.