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Has everyone figured out how much their check from the govment is going to be?

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    Has everyone figured out how much their check from the govment is going to be?

    Go dig up your 2018 return and look at your AGI. If you are a couple filing together with an income of less than 150k you get $2400. That will be reduced by $5 for every $100 you are over that 150k threshold. You can add to that by having rugrats. They are worth an extra $500 a piece.

    Congrats on your free money everyone.

    By the way... this is just the DRAFT legislation by the republicans.

    "The draft legislation, obtained by Fox News, would provide minimum payments of $600, and aid would be phased down at adjusted gross income thresholds of $75,000 for individuals and $150,000 per couple. Additionally, there would be $500 payments for each child.

    The rebate amount is slated to then be reduced by $5 for each $100 a taxpayer’s income exceeds the legislation's threshold. The amount is therefore reduced to zero for single taxpayers with incomes exceeding $99,000 and $198,000 for joint filers."

    #2
    Ha

    I get nothing

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      #3
      How much will you pay in income tax on it next year. And how much will taxes be raised to cover this free money.

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        #4
        After looking at your data, I wont get anything.

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          #5
          Not a dime like always.

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            #6
            Big zippo!

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              #7
              Come on free money. Lol

              Comment


                #8
                Apparently some of us arent paying our fair share....

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                  #9
                  Well I was hoping to get a few dollars back that I sent to the IRS last month. Guess I’m not getting anything.


                  Sent from my iPhone using Tapatalk

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                    #10
                    I would rather spend all that money on research and prep for the next pandemic.

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                      #11
                      A little help with AGI.
                      A guy and his wife own a service station that brings in 1 million a year. After expenses they banks $80,000.00
                      Would they get the $2400.00???????????????????????

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                        #12
                        Originally posted by Johnny Dangerr View Post
                        A little help with AGI.
                        A guy and his wife own a service station that brings in 1 million a year. After expenses they banks $80,000.00
                        Would they get the $2400.00???????????????????????
                        The guy needs to get his 2018 tax return and look at the line that has Adjusted Gross Income. That is the number that will determine if and how much the guy and his wife might get.

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                          #13
                          $0 here

                          Comment


                            #14
                            Originally posted by Johnny Dangerr View Post
                            A little help with AGI.
                            A guy and his wife own a service station that brings in 1 million a year. After expenses they banks $80,000.00
                            Would they get the $2400.00???????????????????????
                            That is a horrible profit margin.
                            Lol

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                              #15
                              Looks like I will get enough to pay what I owe them this year.

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