Stimulus & Bailout Watch Thread

[<<TheStandard>>]

I've already filed my taxes so I'm waiting on the IRS to announce what they're going to do about people who filed their taxes and got unemployment taxes withheld for the unemployment tax break.

They said they're forgiving the first 10K in taxes so they should owe me a couple thousand.

 

[BaileyPark31]

I've already filed my taxes so I'm waiting on the IRS to announce what they're going to do about people who filed their taxes and got unemployment taxes withheld for the unemployment tax break.

They said they're forgiving the first 10K in taxes so they should owe me a couple thousand.

Wow. Really? Isn't unemployment run by the state tho?

 

[GunRanger]

The new bill extension messed up the extra 300 so far and it's been delayed in NY at least

 

[Rawtid]

Wow. Really? Isn't unemployment run by the state tho?

In Maryland they take out both federal and state taxes, just like any income. Messed up part is unemployment is funded by a tax, so we’re being double taxed on it.

 

[BaileyPark31]

In Maryland they take out both federal and state taxes, just like any income. Messed up part is unemployment is funded by a tax, so we’re being double taxed on it.

Oh ok.

I THINK in PA unemployment gives u the option to withhold federal tax

Not sure about state tax.

 

[Rawtid]

Oh ok.

I THINK in PA unemployment gives u the option to withhold federal tax

Not sure about state tax.

Well, you have the option not to withhold taxes at all, but if you choose withholding it’s both Federal at 10% and State at 7%. You can’t do one or the other.

 

[BK The Great]

 

[ADevilYouKhow]

Investigators: Social media influencer Jay Mazini facing wire fraud charges

 

[NkrumahWasRight Is Wrong]

I've already filed my taxes so I'm waiting on the IRS to announce what they're going to do about people who filed their taxes and got unemployment taxes withheld for the unemployment tax break.

They said they're forgiving the first 10K in taxes so they should owe me a couple thousand.

turbo tax said their system should be updated by thursday night

 

[88m3]

East Village Landlord Accused Of Trashing Tenant's Apartment While He Was Hospitalized With COVID

I've read a lot of these over the years but this probably takes the cake

 

[ADevilYouKhow]

Good Luck Buying A New Car Off The Lot

 

[ADevilYouKhow]

IRS: We’ll delay April 15 tax-filing deadline by one month — but there’s one caveat

 

[BaileyPark31]

Just an fyi....

I never received my 1st two stim payments likely because I didn't file returns in 2018 and 2019. ....

So when i filed for 2020 I claimed that stimulus tax credit.

However, I won't recieve it.

I owe back state and fed money.

The federal offset system took the entire return.

I didn't think they would offset my 2 stimulus payments amounts, but they did. Because they're credits and not a direct payment.

My 2021 stimulus still hasn't updated a payment status, so I have no idea if I'll ever recieve this one either. Apparently the IRS has till Dec 31st to mail the checks out. After that , the money turns back into a credit for 2021 status.

Just an fyi for anyone that may be in a similar situation.

 

[High quality poster]

Just an fyi....

I never received my 1st two stim payments likely because I didn't file returns in 2018 and 2019. ....

So when i filed for 2020 I claimed that stimulus tax credit.

However, I won't recieve it.

I owe back state and fed money.

The federal offset system took the entire return.

I didn't think they would offset my 2 stimulus payments amounts, but they did. Because they're credits and not a direct payment.

My 2021 stimulus still hasn't updated a payment status, so I have no idea if I'll ever recieve this one either. Apparently the IRS has till Dec 31st to mail the checks out. After that , the money turns back into a credit for 2021 status.

Just an fyi for anyone that may be in a similar situation.

I owe taxes too but they said my check in mail and suppose to be mailed out today I’m shook

 

[BaileyPark31]

I owe taxes too but they said my check in mail and suppose to be mailed out today I’m shook

If you're referring to the 3rd stimmy you should be fine.

However stimmy 1 and 2 are now tax credits which can be offset .

I think stimmy 3 can only be garnished by creditors that have taken u to court and won jugement.