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Old 05-21-2020, 02:26 PM   #721
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Just got a check for $890 and change from the US Treasury.

I didn't expect it, thought my AGI for TY2018 was too high.

But apparently TY2019 counts as well?
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Old 05-21-2020, 02:57 PM   #722
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Quote:
Originally Posted by Cobra9777 View Post
Regarding money sent to deceased individuals... Is there anything authoritatively stating that this money must be returned? All I see is the FAQ, which says it "should" be returned, which sounds like a recommendation. But nothing that unambiguously states it is required by law, including consequences for not returning. Until I see something more than a weakly worded FAQ, I'm advising DMIL to keep the money she received for her deceased husband.
I haven't seen anything. Obviously, they knew this was going to happen, but were in a hurry to get the checks out. I plan on keeping my dads check until they show up at the door. Actually, I already gave it away.

It will be interesting to see what happens if there is a new round of stimulus.
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Old 05-21-2020, 03:28 PM   #723
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Originally Posted by PatrickA5 View Post
I haven't seen anything. Obviously, they knew this was going to happen, but were in a hurry to get the checks out. I plan on keeping my dads check until they show up at the door. Actually, I already gave it away.

It will be interesting to see what happens if there is a new round of stimulus.
Once word gets out that there is no legal requirement and no consequences, all the people who voluntarily returned the money are going to want it back. Good luck with that.

I agree it makes more sense to hold the money and see how this plays out, including possible clarification in subsequent stimulus bills.

Right now, I don't think the IRS has the legal authority under the CARES act to require that taxpayers return the money. There is no clawback of any kind. This explains the weak wording in the FAQ, like "should" rather than must. That may change with subsequent legislation, but I doubt it.

So for now, we're holding on to it.
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Old 05-21-2020, 03:41 PM   #724
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Originally Posted by explanade View Post
Just got a check for $890 and change from the US Treasury.

I didn't expect it, thought my AGI for TY2018 was too high.

But apparently TY2019 counts as well?
Yes, if your 2019 tax return was filed and processed by around mid-March, then they used that.
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Old 05-21-2020, 04:08 PM   #725
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Quote:
Originally Posted by explanade View Post
Just got a check for $890 and change from the US Treasury.

I didn't expect it, thought my AGI for TY2018 was too high.

But apparently TY2019 counts as well?
To my great surprise, I just got a check for $1,200. I had filed my 2019 federal income tax return on March 18th and it showed my income way too high to get any money. My 2018 income was lower, low enough to get a check. I expected to get the money as a tax credit on my 2020 return, whose income will also be low enough. Somehow, they must have gone back and used my 2018 income and cut me the check anyway.
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Old 05-21-2020, 10:21 PM   #726
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Surprisingly, a person I know on SS, and gets it auto deposited into the bank for years, received the stimulus check in the mail.
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Old 05-22-2020, 04:41 AM   #727
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Originally Posted by cathy63 View Post
Yes, if your 2019 tax return was filed and processed by around mid-March, then they used that.
Actually my DGF's son had his return filed in mid April and already received his tax refund and stimulus.
In 2018, he was a dependent, so they couldn't have used that years' return.
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Old 05-22-2020, 03:22 PM   #728
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We had been asking the bank every 10 days or so if our "share" had hit our account. We receive our SS electronically and any tax refunds as well. Surprisingly, we JUST received "our share" by check. YMMV
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Old 05-23-2020, 03:01 PM   #729
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I got my paper check today. Two weeks ahead of the schedule posted earlier.
Quote:
Originally Posted by FIREd_2015 View Post
IRS Schedule For Mailing Paper Checks

Taxpayer AGI..........Date Check Mailed

$0 to $10000................April 24
$10,001 to $20,000........May 1
$20,001 to $30,000........May 8
$30,001 to $40,000........May 15
$40,001 to $50,000........May 22
$50,001 to $60,000........May 29
$60,001 to $70,000........June 5
$70,001 to $80,000........June 12
$80,001 to $90,000........June 19
$90,001 to $100,000.......June 26
$100,001 to $110,000.....July 3
$110,001 to $120,000.....July 10
$120,001 to $130,000.....July 17
$130,001 to $140,000.....July 24
$140,001 to $150,000.....July 31
$150,001 to $160,000.....August 7
$160,001 to $170,000.....August 14
$170,001 to $180,000.....August 21
$180,001 to $190,000.....August 28
$190,001 to $200,000.....September 4
Quote:
Originally Posted by sengsational View Post
Did the timing of your paper check comply with the table published earlier in this thread? Not to be too nosey, but what date does that table say for you AGI?

https://www.early-retirement.org/for...er#post2414156
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Old 05-23-2020, 03:23 PM   #730
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I got my paper check today. Two weeks ahead of the schedule posted earlier.
My 2018 AGI disqualifies us, but 2019 would qualify but I filed on paper which sits in a trailer somewhere. So, I am still waiting for IRS to reopen.
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