Trumpbux Thread #6

Trumpbux Thread #6

>The Law
v1 (rejected): republicanleader.senate.gov/imo/media/doc/CARES Act Final - Mar 2020.pdf
v2 (rejected): politico.com/f/?id=00000171-0319-d8a3-a3f5-73bfe5b20000
v3 (Senate Passed. House vote Friday): politico.com/f/?id=00000171-1429-d270-a773-777f92a00000

>How much? (based on v3)
$1200 per adult, $500 per child.
Amount will decrease for persons earning over 75k in adjusted gross income.
crsreports.congress.gov/product/pdf/IN/IN11268 (based on v2)

>How will I be paid? (based on v3)
It will automatically be calculated from your 2019 (or 2018) filing.
Direct deposit info from a 2018 or 2019 refund will be used, otherwise a physical check.
The IRS will send a letter confirming the payment.

>How do I qualify? (based on v3)
1. Have a Social Security Number. (or Adoption tax ID) AND
2. You are not claimed as a dependent. AND
3. File your federal income tax. Your payment will be based on your 2019 filing, if there isn't one your 2018 filing will be used. (Look below for more)

>Can I still file for 2019?
YES.
Even if you are not required to file, you may need to file to qualify for the program. You can file with little or even 0 income.
irs.gov/filing/free-file-do-your-federal-taxes-for-free
Some e-file programs may not allow you to submit 0 income forms, please report which have/not worked for you. If necessary you can submit by mail.

>>Do I qualify 3. expanded
The IRS can only pull the info for calculation and payment from one of 4 forms.
2019 federal income tax filing
2018 federal income tax filing
2019 SSA-1099
2019 RRB-1099

If you have more than one of those forms, the top-most one will be used for the process.
If you do not have any of those forms, then you will not be processed. You can still file for 2019.

Do not lie on your forms.
Previous Thread

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Other urls found in this thread:

irs.gov/filing/free-file-do-your-federal-taxes-for-free
archive.is/MQvEd#selection-2531.85-2531.104
crsreports.congress.gov/product/pdf/IN/IN11268
twitter.com/AnonBabble

gonna pour a bangs and call it a night frens

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Any word on what horrendous DNC pork is in this new bill?

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Real brew > Barq's

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How do I update my direct deposit information???

>hundreds of billions in free cash for massive corporations
>trillions in zero-interest loans for massive corporations
>70 billion for the american people
>won't even be a check, just a reduction on your 2021 taxes
LMFAOOO

>Imagine being this fucking retarded
Free accounting advice, round 3

>AM I A DEPENDENT?
>AM I A QUALIFYING CHILD?
>AM I A QUALIFYING RELATIVE?
>HELP TAX ANONS IM SCARED

READ THE FUCKING CHART.
THE LEFT SKDE DETERMINES A QUALIFYING CHILD, WHICH WOULD GIVE THE PERSON CLAIMING THE CHILD THE CHILD TAX CREDIT

THE RIGHT DETERMINES A PERSON BEING A QUALIFYING RELATIVE, WHICH IS A DIFFERENT CREDIT

THE LONG AMD THE SHORT IS;
>OF YOU FIT INTO THIS CHART EITHER IN RELATION TO YOUR PARENTS OR SOMEONE ELSE
>AND YOU WERE CLAIMED
>NO TRUMPBUX FOR YOU

The person who claimed you gets the $500.

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Shampoo brew > Real brew

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Yeah I'm here too user

I want to kms, my firm whores me out and I'm on here for free

>880 pages
What garbage did they fill this with?

>was claimed as a dependent for 2018 because my parents wanted my schoolbux since I used financial aid

>Also worked during that time too

end it bros

ok but I was claimed without my knowledge
I definitely made more than 4200 and I am over 23

Double spaced with 5 words a line at 20pt font, you'll burn through some paper

No fucking kidding.
And the clients are just as a clueless as the ones that pay us.

God damn this is also confusing. I make $84,000 annually and I have three dependents, how much am I going to get?

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File independent then, it'll be up to your parents to provide proof of your dependence, not the other way around

thanks

Is it still going to be 2 payments or only one?

Have them file an amended return and pay back the 500 credit they received for the claim.
I can assure you that this can be done in time to secure trumpbux.

I CANT ASSURE
I CANT ASSURE
I CANT ASSURE
I CANT ASSURE

Both my parents are retired and get social security will they get anything? They don't get much

From digging through the bill
>‘‘(c) LIMITATION BASED ON ADJUSTED GROSS INCOME.—The amount of the credit allowed by subsection (a) (determined without regard to this subsection and subsection (e)) shall be reduced (but not below zero) by 5 percent of so much of the taxpayer’s adjusted gross in come as exceeds
>$150,000 in the case of a joint return,
>‘‘(2) $112,500 in the case of a head of house hold, and
>‘‘(3) $75,000 in the case of a taxpayer not described in paragraph (1) or (2).
So, you're likely head of household if you're not married, you'll get the full $1,200 + ($500 * 3)

Or thisWill probably be much less trouble legally but more difficult in terms of dealing with boomerparents.

The income phase out is $5 per $100 of income over $75,000. At $99,0000 it completely phases out. At $9,000 over that means your check is reduced by $450. 3 dependents increases it by $1,500, so you'd get $2,250 if single or $3,450 joint.

Where do I file to make sure I get the trump bux?
I haven't worked or had an income in 5 years, am I still able to file?
Is filing really the only way? I heard there were going to be others, like if you were on EBT/food stamps they could find you that way?

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>$3,450 joint.
$3,900 joint. Forgot that the phaseout starts higher for joint.

When we getting these Donnie dollars?

House vote on Friday, so if it passes then hopefully soon after. If not, then who knows.

Fuck Trump. Stupid asshole making all this so complicated and forcing people to jump through hoops for the money instead of just sending everyone over 18 a check.

No, it is income based, ie taxes only. They won't "find" you to give you money, this isn't doc browns lettwr in back to the future, hahaha.

You can't. The wording clarified to is any electronic method the payee authorized for delivering a refund in or after 2018.
Unless you haven't filed 2019 yet and you get a refund for it. If you just filed out that info but didn't get a refund for it, don't lknow if they use it.

Mail in a return to the IRS or find a service here
>irs.gov/filing/free-file-do-your-federal-taxes-for-free
You can either mail in a $0 return OR e-file by putting $1 into interest income or some silly shit like that. DO NOT do this if you actually made income, because Uncle Sam will make you prolapse for filing a fraudulent return, which has an indefinite statute of limitations for them to screw you with

DEPENDENTS GET NOTHING
archive.is/MQvEd#selection-2531.85-2531.104
>Eligible U.S. residents must have a work-eligible Social Security number to receive such a check and must not be claimed as a dependent by another taxpayer
>must not be claimed as a dependent by another taxpayer

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Illegals get neetbux and niggers get double any white male

No, you need a valid SSN

Is this process all automatic?
I want to refuse any government handouts on principle.
I only paid about $600 of income tax for 2019 so I don't want to get back $2,400

Is it a tax credit?
Does it have the green new deal shit?
Does it have the diversity quota trash?
How much pork is in it?
How much corporate bootlicking and handouts?

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Read opening.

>So, you're likely head of household
IF at least one of those dependents is a qualifying child.
Qualifying relative won't make you head of household.
But more than likely one of those 3 are his kid.

Vote Democrat then

The OP post says that irs will pull 1099-SSAs (it's like a W2 for social security) for trumpbux but I honestly don't km knowing that will work like it states. Honestly if SSA is your only income I dont know if you have to file or not. All my clients have social security and a job or other retirement

Don "deport em" ain't gunna let illegals get free money unless the dems snuck it in the bill

People still get it even if they did not get a refund. Once they file 2019 they will enter their bank info somehow or they will set up a site on the IRS to claim it. Not really sure, wording does not specify. I assume details will get released how to set it up.

It's not Trumps bill shareblue faggot. We wouldn't even be getting Trumpbux if he didnt mention it. That made Congress seeth

Not passing the house.

I receive SSI as my sole income and didn't file any tax shit from 2018-2019, am i still getting NEET bux or am i just gonna watch everyone else buy a PS5 around me?

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Implying niggers and illegals dont have a valid SSN

Fucking Christ, X = Phase out amount, Y = Income:
They changed it to a % of excess now. For example: X = Phase-out amount
Single: (Y-75,000) * 0.05 = X => 1,200 - X = Greater of 0 -OR- remainder of 1,200 - X

You have until July 15 to file for 2019.

Getting $3,900 suck it faggots.

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Right, just making a base assumption. If I had 3 fucking kids running around without a wife in the house, I better be something better than Single but not MFS

It stacks on top.
>

>implying niggers and spics file taxes
Sure some do and hold jobs, but half of them probably have warrants and this will give contact info to find them, kek.

Any way to refuse this bullshit money?

What makes you think you get back 2400.
1.) Those numbers don't foot
2.) I haven't heard anything about a return of tax

You more than likely received SSA/RRB-1099 for your benefits. If you did receive such a tax statement, then it will be mailed to where the address they were mailed to or potentiality is on file with the SSA. If that is the case, then no, you would not need to file 2018 or 2019 to receive this "rebate check".

Am I eligible if I made under 2,500 in 2018 and 2019?

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>complicated
You're aware that democrats fucking LOVE taxes right? Congress writes the tax code. Read through this shit, wonder how the fuck any of it makes any sense (it doesn't), then realize that it made sense to some asshat in Congress that thinks loltaxesareez as he scribbles shit into the bill

>crsreports.congress.gov/product/pdf/IN/IN11268

What about areas where the cost of living is insane, I make $115k but I live in San Diego so that actually sucks. I have a 2 hour commute because I have to live in a fucking 3/2 with 4 other people.

Just what the fuck ever, how could this be so poorly thought out? Half the country makes this much because of high cost of living. Just make it for everyone or adjust like a per diem rate. The gov has per diem tables, they know how this scales. Fuck them.

This is just another tax on me while I am already overburdened.

Yeah, send it back. Make an estimated tax payment and enjoy paying less taxes at the end of the year

Can you file your income (other) from a 1099-MISC & still be eligible for TrumpBux?

I wish ICE and US Marshals had a sting operation like that planned. The media chimp out would be epic

THIS IS A GOOD POINT

With the filing deadline extended can we expect no trumpbux if filing after trumpbux payment

I guess they did say they'd look at 2018