Wednesday, December 30, 2020

Your Second Stimulus Check

 So, you may need to start looking for your second stimulus. I have received messages from people who have already gotten their check in direct deposit. 

Some people are getting messages saying the direct deposit from the IRS is 'pending.' This is in-spite of direct deposits not "supposed' to be in your bank account before Jan. 4th.

Again if you are single and made less than $75,000 you will get $600. Married with less than $150,000 income $1200 for the two of you. $600 for each child. 

This of course is half of what the government gave us earlier this year. 

If you received a check last time or a debit card, you should receive it by Jan. 15, 2021. They are not sure if you got a check last time you'll get a check this time or a debit card.....And if you got a debit card like we got here at the Compound last time, they are not sure if you'll get another debit card, or a check. They may even split up the money. Give one spouse a check and the other a debit card, or checks for the parents and debit cards for the kids. Or vice-versa. 

If you do not receive your $600 by Jan. 15th, you may be able to write it off your taxes as a deduction. 

The IRS is supposed to start mailing checks today, Dec. 30th. 

The CASH Act is still in the U.S. Senate being held up by the Senate Majority Leader, Mitch McConnell. He won't allow an up or down vote in the senate.

The CASH Act already passed the U.S. House. It would give people $2000. ( I am assuming adding $1200 added to the $600 already coming) 

I know some people were all upset saying everyone shouldn't be getting $2000, much less the $600. 

Again, there are people hurting. People need the stimulus check. They are behind on bills.

The money is to be spent by everyone to help small and large businesses. Especially small businesses. Us spending the money may help some people keep their business open and may keep them from being forced to lay-off people, or if enough money flows into the system, they may be able to hire some people. ( The economy is not that good in the Golden Triangle people, that old " One Trick Pony" the oil industry, is not doing super well right now.)

If you're that unhappy about receiving the money, give it to your "favorite" gubmint teacher. I am sure he can find a way to spend it to help the economy.

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