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Old 01-25-2021, 11:28 PM   #261
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The IRS site also said that mine was scheduled to be mailed on the 6th, but it still hasn't arrived as of today, Jan 22nd. No word from USPS Informed Delivery either. At this point, I am expecting to have to claim it with my tax return. I usually file as soon as possible, in late Jan/early Feb, but may wait a little this year, to make absolutely sure the check isn't going to arrive in the mail.
The card arrived in the mail today. At last, I can move to a Caribbean island on the proceeds
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Old 01-26-2021, 12:02 AM   #262
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The card arrived in the mail today. At last, I can move to a Caribbean island on the proceeds
Glad to hear that you got your stimulus money, at last!
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Old 01-26-2021, 12:22 AM   #263
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The IRS site also said that mine was scheduled to be mailed on the 6th, but it still hasn't arrived as of today, Jan 22nd. No word from USPS Informed Delivery either. At this point, I am expecting to have to claim it with my tax return. I usually file as soon as possible, in late Jan/early Feb, but may wait a little this year, to make absolutely sure the check isn't going to arrive in the mail.
IRS is not accepting returns (or not starting processing) until Feb 12, 2021

https://www.irs.gov/newsroom/2021-ta...uring-pandemic
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Old 01-26-2021, 01:27 AM   #264
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IRS is not accepting returns (or not starting processing) until Feb 12, 2021

https://www.irs.gov/newsroom/2021-ta...uring-pandemic
That's good to know.


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Glad to hear that you got your stimulus money, at last!
I don't need it, like most here, if not all. It's nice to have it though and, when the expectation has been set, you kind of wonder where it is!
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Old 01-26-2021, 09:36 AM   #265
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How interesting! Seems like they knew there was a card inside and just assumed it was from the Treasury. The EIP envelopes look more like this:

Rather than the card, I see USPS Informed Delivery has the check! So no need for ATM gyrations will be required.
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Old 01-26-2021, 10:35 AM   #266
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I wonder if they are sending out cards, as an effort to get people to spend it rather than bank it?
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Old 01-26-2021, 11:19 AM   #267
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I wonder if they are sending out cards, as an effort to get people to spend it rather than bank it?
I haven't seen that stated anywhere, but it makes sense and was sort of my "guess." Get that money into circulation!

Of course, many of us here will do what I did - just put the card's value into the checking account. We're not really part of the problem (didn't lose a j*b or other revenue) and not really part of the solution(?) - spending money, er, Blowing That Dough! YMMV
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Old 01-26-2021, 12:34 PM   #268
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I wonder if they are sending out cards, as an effort to get people to spend it rather than bank it?
The reason the government gave for sending out debit cards is that it's faster than processing and sending checks to everyone. I don't know if they meant that it's actually faster to manufacture a debit card, or just that splitting the workload between MetaBank and the Treasury Dept increases the throughput.
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Old 01-26-2021, 01:28 PM   #269
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Remember when government checks were green computer punch cards?
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Old 01-26-2021, 01:31 PM   #270
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One of our children who lives overseas received the preceding stimulus check via direct deposit to their checking account. This time their check came to our house in the mail. No debit card, a check.
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Old 01-26-2021, 02:42 PM   #271
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The reason the government gave for sending out debit cards is that it's faster than processing and sending checks to everyone. I don't know if they meant that it's actually faster to manufacture a debit card, or just that splitting the workload between MetaBank and the Treasury Dept increases the throughput.
Makes little sense to me. How could a piece of plastic with all those digits be easier/faster than a check or DP? But what do I know? I never worked in gummint. To me, the whole concept is much stranger than how the money arrives. I didn't need the last stimulus and I don't need this one. (Please! No offers to take it off my hands. )Many folks here have stated the same thing. I honestly don't think I'll spend the money in a way that "stimulates" either. It's just "In There" like the spaghetti sauce commercial, but it's my checking account.

My kids and GKs will likely pay for it (unless they change the inheritance tax, heh, heh.) YMMV
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Old 01-26-2021, 03:30 PM   #272
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I wonder if they are sending out cards, as an effort to get people to spend it rather than bank it?
With lower income people, having an actual bank account is not a guarantee. There are a very large number of un-banked or under-banked folks, due to the costs to maintain a checking account when you have only a small balance, or credit requirements these days for basic accounts.

So the cards don't place the burden of requiring the person to have a place to deposit the check, or paying the exorbitant check-cashing fees.
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Old 01-26-2021, 04:35 PM   #273
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Remember when government checks were green computer punch cards?
Yeah, they put the existing paper handling designs into work (from the keypunch machines). Back in the day when IBM had a lot of the contracts. Probably too easy to counterfeit.
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Old 01-27-2021, 11:50 AM   #274
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Not complaining here. But with year 2020 stimulus check 2400+1200=3600, that had exceeded our estimated income limit for ACA, may have to give back some $$ when we file tax next month
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Old 01-27-2021, 11:53 AM   #275
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Not complaining here. But with year 2020 stimulus check 2400+1200=3600, that had exceeded our estimated income limit for ACA, may have to give back some $$ when we file tax next month
The stimulus checks don't count as income. They don't add to your AGI.
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Old 01-27-2021, 12:00 PM   #276
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The stimulus checks don't count as income. They don't add to your AGI.
You beat me to it, Audrey. These non-taxable stimulus checks, called "Recovery Rebate Credits," are part of a broader category called, "Payments and refundable credits," as described on Line 32 of Form 1040.
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Old 01-27-2021, 04:22 PM   #277
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The stimulus checks don't count as income. They don't add to your AGI.
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You beat me to it, Audrey. These non-taxable stimulus checks, called "Recovery Rebate Credits," are part of a broader category called, "Payments and refundable credits," as described on Line 32 of Form 1040.
NICE!!!
THANKS guys
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Old 01-27-2021, 04:44 PM   #278
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NICE!!!
THANKS guys
No problem. Your bill is in the mail! Oh, and it's NOT tax deductible.
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Old 01-27-2021, 04:52 PM   #279
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You beat me to it, Audrey. These non-taxable stimulus checks, called "Recovery Rebate Credits," are part of a broader category called, "Payments and refundable credits," as described on Line 32 of Form 1040.
Thanks for sharing. You made me open up the 1040 instructions and look this up. Looks like since both DW and I got both payments, I don't need to do anything when I fill out my taxes. FYI, it appears to be Line 30 and not 32 tho. No biggie. Thanks..
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Old 01-27-2021, 04:59 PM   #280
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No problem. Your bill is in the mail! Oh, and it's NOT tax deductible.
LOL
For once, we get a break from income/tax
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