Trumpbux Thread #10

Too little too late. People won’t pay rent, businesses will go under, and banks will fail

Yeah people were saying that in 2008 and the world survived.

>the world survived
Millions lost everything they had.

Yes, but there is no benefit for you to wait. The 3 possibilities are.
The new payment is more than you should receive according to 2020. You do not have to pay that back.
The new payment is less than you should receive according to 2020. You can claim the difference.
The new payment is exactly what you should receive according to 2020. You have just teleported money back in time.
It is explicitly not taxable income.

Millions of boomer morons leveraged to the hilt lost everything. I lost nothing. Had a house, 2 cars, family. Wouldn't have known anything was wrong if I didn't check the news sites.

Thanks

What if you are ***NOT*** claimed as a dependent, but theoretically you ***COULD*** be claimed... are they going to be sticklers about this. If so, how would they go about it? Would they assume someone with an address & no income (haven't filed in years) *CAN* be claimed as a dependent & flag them for scrutiny?

technically ineligible
>Generally, an eligible individual is any individual excluding
>(2) individuals who can be claimed as a dependent by another taxpayer
so frustrating that the only thing between me and $1200 is a little check box....

Impossible to know the internal operations in that situation.
The only time you are required to mark yourself as a dependent is when filing a joint return. Your parents are not required to mark you.
My guess is they will assume you are not dependent unless marked as such in the most recent filing, rather than investigating every single case where that occurs.

>so frustrating that the only thing between me and $1200 is a little check box....

Ha ha yeah I know that feeling... ARE YOU GONNA CHECK THE BOX ???

Do you think they would come after you if you did check the box? What's the worst that could happen if they did? Asking for a friend...

>My guess is they will assume you are not dependent unless marked as such in the most recent filing, rather than investigating every single case where that occurs.
I hope you are right, friend. Because it would be pretty obvious that I am a dependent if they looked at me for two seconds.

It is not practical to ask every single person that filed whether they were capable of being claimed after the fact. There is no downside to submitting anyways.

Hi frens,
If you are a deadbeat like me, then you haven't paid your student loans. As a result, the gov't goes any of your tax return. Well, this year they aren't doing that, at least for now, so make sure you file ASAP to get your tax return money as well as your Trumpbux. I called the automated Treasury Offset number yesterday and I was still under tax offset on there, but when I called the Debt Resolution Group, they told me no offsets for defaulted student loans are going on right now. Good luck faggots!

at this point, I've just decided not to file. it's pretty unlikely that they would come after me, but I'd rather not take the risk
I like not being a felon

do you have a source on that? I have been reading the instructions carefully and haven't found anything that would suggest that to be the case

If you are claimed as a dependant yet lie to receive the benefit; whoever claimed you as a dependent could face consequences. It's not wise to fuck with the feds and/or the irs. They r like ur parents parents u know what I mean

All student loans are suspended till September faggot

This payment can't be reduced by other debts. The only exception is child support.

The downside of committing that hypothetical fraud is not only the possible consequences against yourself, but you may bring consequences to whoever claimed you as a dependent. Do not lie. Do not steal.

Hi guys I recieved my check and my penis immediately fell off do we have a hotfix or no?

>The "Someone can claim: You as a dependent Your spouse as a dependent" section is only for married persons.

You're probably right since I have no clue what I'm talking about, but I don't see any indication on the form that it's only for married persons... Am I missing it? Is that section only for people "with more than four dependents" ??? Never done my own taxes...

>If you are claimed as a dependant yet lie to receive the benefit; whoever claimed you as a dependent could face consequences. It's not wise to fuck with the feds and/or the irs. They r like ur parents parents u know what I mean

>The downside of committing that hypothetical fraud is not only the possible consequences against yourself, but you may bring consequences to whoever claimed you as a dependent. Do not lie. Do not steal.

I agree, but my situation is a bit different... I know for a fact that I haven't been claimed as a dependent, but I do live at home so I probably ***CAN*** be claimed. Does this disqualify me from getting Trumpbux? And if so, how would they even know not to send me a check if I file a tax return?

Sorry, I'm wrong. It does say Single filing do need to check the box if it is applicable.
Read the definition in opening.

Sec.4029: Termination of Authority, is this implying all loans during a duration will not be forgiven and must still be paid or does it imply the opposite?

I spent a while digging through this and I'm not finding some of the shit I thought the Dems were pushing last weekend about monitoring us and the digital currency.

>These programs may not allow you to e-file 0 income forms, you can still print the completed form for mailing.
What you do here is put in $1 as interest income from a bank account. This allows you to e file on 0 income without the hassle of printing/mailing shit and a buck is so little the IRS doesn't care. This is the standard solution found online to zero income e filing.

Better luck next time, kiddo.

Is it income and do I have to pay taxes on it?

Well I'm still gonna pay mine. I just started doing that 2 months ago. Only $30k more to go!

Right, but some people (like myself) don't of a taxes and never filed for a refund because the Dept of Edu would just yoink it. Since they aren't going to right now, there is no reason not to file.

>no new payments after 2020
So meaning you can't receive this payment after 2020 or there will be no additional payments? What about the May payment that was being discussed?

It probably means if you try to file 2019 taxes in 2021, you won't get the stimulus check.

>Live at home so parents claim me as a dependent despite working full time
>Won't get Trumpbux
This fucking sucks.

No and no

They can't issue new payments after that date. If you were paid a lower amount than you should have been you can claim the difference for 2020 in 2021.

>Better luck next time, kiddo.

... Next time there is a global pandemic that leads to a bag of free money for a single white man? This is my only chance.

Am I really likely to be charged with a felony for failing to check the "could be claimed as a dependent" box, or would they just want their money back, plus fines/etc... ??? What if I claim to have been homeless for over half the year or something?

>Parents don't share whatever they get from claiming you as a dependent
Why even file with them?

Attached: 1513661081019.png (700x700, 362.43K)

If you don't pay rent or bills, they deserve the money more than you.

Did any of the student loan forgiveness or unemployment payments make it in?

Good to know DACAryans are getting a share

Can someone help me get info on corporate loans and small business grants?

from what I've gathered, that box is normally for determining your standard deduction. people who can be claimed (whether they are or not) have a significantly lower standard deduction ($1100 vs >$12000)
not sure how much they would care when you have no liability, but when there's free money involved...

I don't see why we shouldn't both get money. They don't get anything from this bill for having me as a dependent.

>if you don't pay rent or bills
Whos to say he doesn't? he works full time

Hence the inclusion of the word "If." Clearly the statement is open to the possibility that he pays those things. If he does, he shouldn't let them claim him.

>Direct deposit info from a 2019 or 2018 refund will be used, otherwise a physical check to the last known address.
what a fucking shitshow lmao, most people will receive this check months from now. hahahaha

dude fuck this shit for real im a student and my parent claimed me as a dependent and i dont get a check now its discrimination

>Live at home so parents claim me as a dependent despite working full time
>Won't get Trumpbux
>This fucking sucks.

Agreed... no reason they shouldn't just send a check to every adult citizen. Plenty of people whose income will not be uninterrupted at all by the crisis will be receiving checks.

I'm badly injured & should probably be on disability, but have yet to go through the ridiculous process (which takes years anyways & almost always ends with a rejection), so I haven't worked in the past few years and am stuck as a "dependent", yet would not get Trumbux like those who are already collecting disability. Don't understand why they wouldn't at least send an additional check to people who claim adult dependents.

I haven't paid attention to the other sections. The only one I know for sure is that the new unemployment bonus is $600 per week because they didn't pass the cap on it.

a tax credit is not taxable income that defeats the point of a tax credit... This is an advanced tax credit on 2020 income, meaning if you dont make more than 75,000 by the end of the year no adjustments will be made and you wont owe it back.

What are the chances we get ongoing monthly checks as part of phase 4?

your parents get your money, so you gotta ask them for it you uncultured swine.

No, even if you do end up earning more than your payment was estimated on, you do not have to pay back that excess.

Your rents will get that money, you gotta ask them for it you uncivilized flu bearer.

only for dependents under 17

No neets don't get it.

Somewhere between a 0% and 2% chance.

if only the democrats got their way, youd be getting paid for the next 4 months.

If he is an adult, they won't get ANYTHING for claiming him as a dependent.

Because adult dependents don't need the money. The people taking care of you do

>came into the thread just to post this
How sad is your life? Are you one of those faggy boomers from /ptg/ reminder HUR DUR i am still BAKING

If you're working full time, your parents shouldn't be claiming you as a dependent, so either you have the world's shittiest job or your parents are Jews.

The people taking care of them get no extra money for their dependents. Not even the $500 that you get for children.

>Amount will decrease for a person earning over 75k in adjusted gross income.
I make about $120k, how much am I getting?

I don't see anything that says your dependents wouldn't be covered under the 500 clause. Do you have a source?

Click the links.

>Because adult dependents don't need the money. The people taking care of you do

That's what I said in my last sentence... but money that is given to adult dependents would tend to remove some of the burden from those who are taking care of dependents anyways. I already pay for everything I *CAN* pay for, and would be able to pay for a lot more if I got a $1200 dollar check.

To get the $500 it must be a qualified child according to CTC, it is not just any child.