stimulus check question?

[Two Tokes]

I made almost 100k last year and I'm a single guy with no kids. They will probably make me pay into the stimulus program.

Yep
You have it to eay
No Ball and Chain

 

[Heavy Package]

I’m single made 12k last year

So am I getting one or not? Cut to the point mister

No, you don't qualify. Make too much under the best contract ever. Send an email to Denis T thanking him.

 

[DriverNerd]

I say more of it will end up in cigs, liquor and meth.

Well two of the three are sold at Walmart. The third one you get in the parking lot.

 

[Indecisi0n]

So what kind of toys do you have?

Oh yes, please go on.

 

[onehandsolo]

If you made almost 100k last year and R a single guy with no kids. They will probably make me pay into the stimulus program.

Not so fast they use your adjusted gross income from your last federal tax filing. Example I made 100 grand last year max out my 401k($24000 I am over 50). Plus the standard deduction ($12000) add it all up and my adjusted gross income is less than $75000. Which means I qualify for the full amount of stimulus $1200. So you should be getting something how much depends on the amount you contributed to your 401k plus your standard or itemized deduction.

 

[DriveInDriveOut]

Not so fast they use your adjusted gross income from your last federal tax filing. Example I made 100 grand last year max out my 401k($24000 I am over 50). Plus the standard deduction ($12000) add it all up and my adjusted gross income is less than $75000. Which means I qualify for the full amount of stimulus $1200. So you should be getting something how much depends on the amount you contributed to your 401k plus your standard or itemized deduction.

Nah bro pretty sure personal exemptions reduce magi not agi.

 

[onehandsolo]

Nah bro pretty sure personal exemptions reduce magi not agi

 

[DriveInDriveOut]

Adjusted Gross Income (AGI)

@UpstateNYUPSer this guy needs your help, did the KungFlu kill you yet?

 

[oldngray]

@UpstateNYUPSer this guy needs your help, did the KungFlu kill you yet?

Dave did his taxes.

Does it matter he cheated and reported a lower adjusted gross income?

 

[DriveInDriveOut]

Dave did his taxes.

Does it matter he cheated and reported a lower adjusted gross income?

Roll the dice, 5 years later you're in the clear.

 

[brownmonster]

Dave did his taxes.

Does it matter he cheated and reported a lower adjusted gross income?

That reminds me I forgot to claim those casino winnings.

 

[onehandsolo]

. You may be getting something how much depends on the amount you contributed to your 401k. Which will lower your adjusted gross income. Which is how the refund is calculated. QUOTE]

 

[onehandsolo]

@UpstateNYUPSer this guy needs your help, did the KungFlu kill you yet?

No I was wrong about the standard deduction reducing your adjusted gross income. Before tax 401k and Ira contributions will however reduce your adjusted gross income.

 

[DriverNerd]

Head of households have higher AGI limits for the full amount too.

 

[onehandsolo]

Not so fast they use your adjusted gross income from your last federal tax filing. Your earnings minus

Yep
You have it to eay
No Ball and Chain

Not so fast they use your adjusted gross income from your last federal tax filing. Example I made 100 grand last year max out my 401k($24000 I am over 50). Plus the standard deduction ($12000) add it all up and my adjusted gross income is less than $75000. Which means I qualify for the full amount of stimulus $1200. So you should be getting something how much depends on the amount you contributed to your 401k plus your standard or itemized deduction.

Sorry I was wrong your standard or itemized deduction does not reduce your AGI. Your pretax 401k or Ira will reduce this amount however.

 

[onehandsolo]

Stimulus Check Calculator 2020

 

[Sissy Brown Short Shorts]

We should all do the patriotic thing and not accept that check since we’ve all been working.....

 

[Rack em]

So what kind of toys do you have?

The kind @Indecisi0n likes.

 

[OrioN]

So with your rental property, spouse income, and FedEx Ground you still qualify? Lol

The key is to put that side income under a relative with a lower income tax bracket...

Just similar to the FXG investor group with soo many sub corporations in the same terminal.

Yeah, no way would I have that many kids

 

[cosis]

when amazon dumps ups all will get a check