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  • Geebo 8:00 am on May 18, 2020 Permalink | Reply
    Tags: econ, economic impact payment, , ,   

    Still haven’t received your stimulus check? This might be why. 

    Still haven't received your stimuls check? This might be why.

    The majority of stimulus payments were supposed to have been issued by this past Wednesday, May 13th. However, there are still a substantial amount of Americans who have yet to receive their economic impact payments. While many have very complicated situations that may affect their payments, we’ll try to provide as much information as we can with publicly available information.

    We’ve received a number of comments from our readers who are Supplemental Security Income representative payees and are concerned about the status of their payments. According to the Social Security Administration’s website, if you filed a 2018 or 2019 tax return the payment should have been sent to the bank account provided on your tax return for an electronic tax refund, or mailed to the address provided on your tax return. However, if a 2018 or 2019 tax return was not required, the payee should receive the payment in late May either to their bank account by direct deposit or the Direct Express card depending on how the SSI payment is normally received. More information for SSI recipients and payees can also be found here.

    For everyone else who hasn’t received their stimulus payment yet, it could be just a matter of waiting. The deadline to provide your direct deposit information to the IRS has passed if they didn’t already have it on file. If you used a tax preparing service for your last tax return, your payment may have been sent to a temporary bank account set up by your tax preparer. If that is the case, the payment will be sent back to the government who will issue you a paper check.

    If your plan was to get a paper check all along, they are still in the process of being issued. Your annual income for 2018 or 2019 will determine how long you’ll be waiting for your check. Lower-income taxpayers will receive their paper checks first.

    Lastly, if you filed a paper tax return for 2019, your payment may be delayed as paper returns have been put on hold by the IRS.

    Unfortunately, we can’t answer why payment has been delayed for every situation, but we hope this post answers the questions that some of our readers have had.

     

    • Anonymous 9:58 am on May 18, 2020 Permalink

      What if you didn’t file taxes at all. Just do odd jobs will they get stimulas check

    • Geebo 11:06 am on May 18, 2020 Permalink

      Yes. You’ll need to go to the Get My Payment page for the IRS and click on non-filer. However, we believe you may have missed the deadline for direct deposit and will probably receive a paper check. That may take some time. https://www.irs.gov/coronavirus/get-my-payment

    • Eddie 11:58 am on May 18, 2020 Permalink

      I have not get my money

    • Anonymous 2:34 pm on May 18, 2020 Permalink

      I don’t have a computer and I’m on social security have had the same.bank for 25 years with direct deposit so where my money t w odell

    • Sharlene Bolen 3:30 pm on May 18, 2020 Permalink

      My husband is on disability and we are married he received his 1200 $ stimulus but nothing for me will I get a separate check from his

    • Evelyn 2:48 pm on May 19, 2020 Permalink

      My son gets ssi ssa an I’m his payee an he still hasn’t received his

    • Vickie Vowell 9:32 am on May 21, 2020 Permalink

      My husband got his we are married an I haven’t gotten mine

    • Vickie Vowell 9:33 am on May 21, 2020 Permalink

      My husband got his we are married an I haven’t gotten minehe got his in his account

    • Charlene Manzone 2:56 pm on May 21, 2020 Permalink

      I get ssd I got my money on time but still no stimulus payment I have direct deposit with direct express I don’t understand what is taking so long for me to get my stimulus payment

    • Diana Kennedy 7:18 pm on May 21, 2020 Permalink

      I don’t understand why my daughter has not received her stimulus yet she has three children taking care of them. She owed back taxes but she should still get her stimulus package as well it’s not the children fault. They are the ones who need it the most.

    • Lisa Coursey 4:44 pm on May 22, 2020 Permalink

      My husband got his I have not he is on SSI

    • Kathy A Showalter 4:12 pm on May 23, 2020 Permalink

      My husband is on ssi with no payee and still have not got his yet

    • FELIX COLON 5:38 am on May 28, 2020 Permalink

      MI ESPOSO ESTA EN SSI HACEN TRES DIAS ME METI A LA PAGINA DE CHEQUEAR EL PAGO Y ME INFORMO QUE EL PAGO ESTARIA HOY 28 DE MAYO Y NO HAY NADA. COMO ES QUE ESA PAGINA LA INFORMACION NO SEA CIERTA NO HAY PERSONAL POR TELEFONO. CHEQUES PAPEL NO ES EL RESUELVE.

  • Geebo 8:00 am on May 11, 2020 Permalink | Reply
    Tags: economic impact payment, , ,   

    More info on when people on SSI will get their stimulus check 

    More info on when people on SSI will get their stimulus check

    According to our previous posts about the economic impact payment, a number of people who are on Supplemental Security Income still haven’t received their stimulus payment. To better help our readers who still have questions, we have found additional information that might help alleviate their anxiety over the delivery of their stimulus payment.

    If you’re on SSI and still haven’t received your stimulus payment, you’re supposed to receive it by mid-May. So hopefully, you should receive your payment by the end of this week at the time of this posting. The IRS is said to be putting these payments on your Direct Express cards. However, if you used the Non-Filers tool on the IRS’s Get My Payment page and provided the IRS with a bank account or opted for a paper check, you will receive your payment that way. We would imagine that the direct deposit to your bank account would also take place by mid-May but paper checks could take even longer. While lower-income families are supposed to get their paper checks sooner rather than later if they requested one, it could still be some time before a paper check is received.

    If you have a Direct Express card, you’ll be allowed a one-time free ATM withdrawal to access your stimulus payment. This will be in addition to the free withdrawal you already receive. You can also sign up for text or email alerts at the Direct Express website to be alerted when you get your payment.

    The IRS has also said that the Get My Payment website has been improved to help you get a better idea of where your payment is. If in the past you received the dreaded error message from the IRS website, you should now be able to get the status of your payment. If you still get the error message, try typing out your information in all caps as some have reported that it has helped them with getting their payment information.

    The most reliable and up to date information should be found at the IRS’s Coronavirus Tax Relief and Economic Impact Payments website.

    For non-stimulus payment news about COVID-19/coronavirus please go to Coronavirus.gov.

    (H/T to USA Today and cnet)

     

    • Anonymous 9:51 pm on May 12, 2020 Permalink

      I ha e. Not. Got my check. Ssi. I need it

    • Mary Howard 8:29 am on May 13, 2020 Permalink

      When will ssi get theirs if they have a payee everyone else is getting it tofay of they don’t have a payee not fare

    • Anonymous 8:31 am on May 13, 2020 Permalink

      Not fare people that geta SSI that had a payee isn’t getting there payments today whwre people taht dont have a payee got theirs today when will they get them??

    • Senobia 12:52 pm on May 13, 2020 Permalink

      I’m on ssi and I haven’t gone a check and they already talking about a second check can someone please tell me how this happen

    • Colten Ennis 8:25 pm on May 13, 2020 Permalink

      Will people on SSI that have payee get a get a stimulus check

    • Geebo 11:54 pm on May 13, 2020 Permalink

      Unfortunately, we do not have the answer to every situation however we found a link that we hope answers some of your questions.

      https://www.aarp.org/retirement/social-security/info-2020/representative-payees-stimulus-role.html

    • Anonymous 3:13 pm on May 14, 2020 Permalink

      My son gets ssdi I am his payee and they say they can’t find him something why

    • Anonymous 5:14 pm on May 14, 2020 Permalink

      they say may 27 u will have it

    • Anonymous 9:51 am on May 16, 2020 Permalink

      When will the rest of the SSDI and Retirement get there money still waiting need it.

    • Anonymous 11:13 am on May 16, 2020 Permalink

      My son had direct express card for his monthly checks from ssi and he gets social security from his father he’s not received his stimlas money yet when will be get it

    • Anonymous 9:27 am on May 17, 2020 Permalink

      I get SSI too haven’t got mine I don’t understand what’s going on how do I find out if I don’t get it where do I catch it

    • Phylistine Ervin for Johnny Harvey 12:20 pm on May 17, 2020 Permalink

      My son is 46 he gets a ss check from his decease dad he is handy cap never filed taxes I am his payee well he get a check

    • Anonymous 12:33 pm on May 17, 2020 Permalink

      R we still going to get any additional income

    • Kenneth Grugin 8:12 am on May 18, 2020 Permalink

      Still waiting. Irs.gov site is a joke . i have direct express.

    • Ellen. Merrell 9:15 am on May 20, 2020 Permalink

      I. Get. Spouse. Benefits.

      Social. Security. Did. Not. Check. From. Yet

    • FELIX COLON 4:34 pm on May 20, 2020 Permalink

      MIESPOSO RECIBE SSI Y NO A RECIBIDO NADA. YO SOY SU REPRESETANTE. CUANDO LO RECIBIRA.

    • Anna shuck 4:06 am on May 21, 2020 Permalink

      Me and my husband get SSI on a direct Express card he got his but I did not get mine he is a Rep payee for me so I don’t know if the rep payees get it or not I have no clue

    • FELIX COLON 7:33 pm on May 21, 2020 Permalink

      DICEN QUE EL 27 MAYO 2020 LOVAN RECIBIR. SERA VERDAD

    • Connie boshell 1:51 am on May 22, 2020 Permalink

      I’m on Windows pension I haven’t git my and I don’t no how to check to see when I will get it

  • Geebo 8:00 am on May 5, 2020 Permalink | Reply
    Tags: , economic impact payment, , , , ,   

    Scammers are using stimulus check confusion against you 

    Scammers are using stimulus check confusion against you

    The scammers are still at it during this crisis. Here are a few more scams that are using the coronavirus pandemic to their advantage.

    There is still a lot of consumer confusion around the delivery of the economic impact payments, or as they’re better known stimulus checks. The scammers are taking advantage of this confusion to try to steal your identity. Some reports say that scammers are sending out emails that look like they’ve officially come from your bank. The emails offer to give you the status of your stimulus check but instead, they take you to a link that asks for your personal information. As of right now, the only place where you can find out the status of your stimulus payment is from the IRS’s Get My Payment website. If the IRS needs to contact you, they will send you a letter through the regular mail.

    Another scam we just recently heard of is the deed transferring scam. It seems that scammers are telling people struggling with their mortgage payments to transfer their deed to a third-party. The scammers say that this will allow the homeowner to no longer be responsible for their mortgage payments. This is false. In reality, the new deed holder could potentially evict you from your own home. In turn, this could cost the homeowner untold costs in legal fees for just trying to stay in their own home.

    Lastly for today, there are reports coming out of the state of Washington about a new porch pirate scheme. Investigators there say that a group of porch pirates are dressing up as nurses to try to take your deliveries without being questioned by authorities. We assume that the trick here is that in many states there are still stay at home orders and medical staff are considered essential workers and no one would question a nurse being out during the quarantine. Most delivery services have options where you can be notified when your delivery arrives. If you enact these options you’ll have a better idea when to bring your deliveries inside and foil the porch pirates’ plans.

     

  • Geebo 8:20 am on May 1, 2020 Permalink | Reply
    Tags: economic impact payment, , , ,   

    When will people on SSI get their stimulus checks? 

    When will people on SSI get their stimulus checks?

    We’ve been trying to provide our readers with as much accurate information as possible when it comes to receiving their economic impact payments. However, with the way both the media and government work, that information could always be changing and that’s what has happened here. Previously, we said that people on Supplemental Security Income should start receiving their stimulus payments this week, however, that now appears to be incorrect.

    According to new reports, SSI recipients will start receiving their stimulus payment sometime in May. When in May is unknown at this time. However you receive your SSI payments is how you should receive your stimulus payment whether that’s through a check, direct deposit, or debit card. If you’re on SSI and expecting the additional $500 per dependent you have until May 5th to provide the IRS with your dependent information at this link. If you miss the May 5th deadline, you won’t see the dependent benefit payment until 2021.

    Please keep in mind that this information can change at any time. We understand how difficult it may be trying to make ends meet while awaiting your stimulus check. However, due to the ever-changing situations, the pandemic continues to cause, delays could be inevitable. As challenging is it may be, you may want to plan your budget accordingly until you actually receive your payment.

    While it may be difficult to navigate, the most reliable and up to date information should be found at the IRS’s Coronavirus Tax Relief and Economic Impact Payments website.

    For non-stimulus payment news about COVID-19/coronavirus please go to Coronavirus.gov.

    (H/T to CNN)

     

    • Tara Holliday 11:21 pm on May 1, 2020 Permalink

      What date they be deposited in our account

    • Geebo 11:23 pm on May 1, 2020 Permalink

      As far as we know an exact date in May has not been announced.

    • Keisha hardy 12:42 am on May 4, 2020 Permalink

      If you owe child support does the whole check go toward the amount owed he

    • Geebo 7:35 am on May 4, 2020 Permalink

      From what we understand, if someone is behind on their child support payments, their stimulus payment could be withheld.

      https://www.fool.com/investing/2020/04/19/5-groups-of-people-who-wont-get-a-stimulus-check.aspx

    • Tammy 4:39 am on May 5, 2020 Permalink

      I I’m on SSDI I have been approximately 20 years now and I still don’t have my stimulus check but the druggies down the road do now you tell me $800 a month to live on is too much money I make too much money I don’t think so

    • Karen K Estep 8:05 pm on May 5, 2020 Permalink

      Yea I get both SSI and social security dint get mine yet either they saying it be comming in May

    • Amy Furgerson 12:21 am on May 6, 2020 Permalink

      I get SSI and I haven’t got my money yet either. There are people that I know that has got there money.

    • Katrina 5:19 pm on May 6, 2020 Permalink

      No one has gotten anything deposited or even seen in the mail ! What is really going on?

    • Erica Ringo 5:42 pm on May 6, 2020 Permalink

      I’m on ssi n I haven’t gotten mines either I know another lady haven’t gotten hers yet either

    • Geebo 6:13 pm on May 6, 2020 Permalink

      Again, from what we understand, the payments can go out anytime between now and the end of May.

    • Milton willie 6:23 am on May 7, 2020 Permalink

      People own child support should get there check reduce 600 for you 600 for them that be right you get live to that is dum how said take all of it

    • Laura pruitt 8:10 am on May 7, 2020 Permalink

      When will I get my money because I am on SSI and did not receive mines eaither yet and it says mid of may

    • Geebo 8:21 am on May 7, 2020 Permalink

      Again, from what we understand, the payments can go out anytime between now and the end of May.

    • Anonymous 12:54 pm on May 7, 2020 Permalink

      We Have Not Got Are Check,a Yet We Are On S S I

    • Charlene Manzone 1:06 pm on May 7, 2020 Permalink

      I receive ssd and I also have direct deposit from direct express and I still haven’t received my stimulus either why do we have to wait Soo long

    • Amy M Furgerson 5:55 pm on May 7, 2020 Permalink

      I got an email today from Social security telling me when we should start to get our money & my email saying starting on May 13. I hope that this helps.

    • Amy M Furgerson 6:01 pm on May 7, 2020 Permalink

      I got a email from Social Security that says that they are going to start to deposit the check on May 13.
      I hope that this helps everyone out.

    • sharon Collier 12:44 pm on May 8, 2020 Permalink

      i get ssi havent gota check yet and cant find out how t check

    • Amy M Furgerson 1:49 pm on May 8, 2020 Permalink

      I got an email from Social Security saying that they will start to deposit the checks on May 13 the.

    • CHARLES Campbell 11:11 pm on May 8, 2020 Permalink

      Am on SSI I havent receive mine yet what going on went can I start to receive it

    • Meredith Hatton 12:19 am on May 13, 2020 Permalink

      I am payee for my son when will he get his

    • Anonymous 7:13 pm on May 13, 2020 Permalink

      When I get stimulus check I draw ssi

    • Amy M Furgerson 11:20 pm on May 13, 2020 Permalink

      I was suppose to get mine on May 13, but I never got my money & I have a friend that said”that we won’t get them until the 15th. I don’t know when we are suppose to get the money but it would be nice to know when we are going to get our money.

    • Anonymous 4:16 pm on May 14, 2020 Permalink

      How to get SSI to and I haven’t I haven’t received my own and he said by the 13th so I don’t know what am I going to get married and then I heard if you don’t get it by this Friday then dennies’ are just going to issue you a check I don’t know how true that is either so when will I get line

    • Anonymous 6:07 pm on May 18, 2020 Permalink

      If you owe child support will you still get a check

    • Geebo 7:23 pm on May 18, 2020 Permalink

      From what we understand, if someone is behind on their child support payments, their stimulus payment could be withheld.

      https://www.fool.com/investing/2020/04/19/5-groups-of-people-who-wont-get-a-stimulus-check.aspx

  • Geebo 8:00 am on April 27, 2020 Permalink | Reply
    Tags: , , economic impact payment, , , ,   

    More info on stimulus delays 

    More info on stimulus delays

    Even with a large number of Americans having already received their economic impact payments, many still have not. We’ve been receiving a lot of questions about the delays and we’re going to try to answer them as best as possible. However, please keep in mind we are not tax experts and we defer all final authority to the IRS’s Coronavirus and Economic Impact Payments website.

    The most common questions we receive are about the stimulus payments and Social Security. While we don’t have the answer for every situation, from what we understand, payments are supposed to start going out this week. However, that doesn’t mean that everyone on Social Security benefits will receive there’s this week so you should plan accordingly. From everything that we’ve read, if you receive Social Security benefits you’ll receive the stimulus payment the same way you receive your Social Security payments even if you’re not required to file taxes.

    [youtube https://www.youtube.com/watch?v=Juz8kyHyJlo%5D

    If the IRS does not have any payment information on file for you, you’ll receive a paper check if your eligible for the stimulus payment. Paper checks will be issued in order of annual adjusted gross income. That means that the people who claimed the least income on their 2018 or 2019 tax returns will receive their paper checks first. This article from Forbes contains a schedule of when paper checks are scheduled to be issued depending on your gross income. The highest earners may have to wait until September before receiving their paper checks.

    Lastly, we’ve been hearing some discussion about whether or not US citizens who are married to immigrants will receive a stimulus payment. There is an element of truth to this but it’s not as cut and dry as most people think. If a U.S. citizen is married to an immigrant who does not have a Social Security number and file taxes jointly, neither person is eligible for the stimulus payment. However, if the U.S. citizen filed a single return, they are eligible for the stimulus payment. If a U.S. citizen is married to an immigrant who has a Social Security number and filed taxes jointly, both persons are eligible for the stimulus payment.

    We hope this clears up some of the confusion.

     

  • Geebo 8:00 am on April 21, 2020 Permalink | Reply
    Tags: , economic impact payment, , ,   

    Blessing Looms are just pyramid schemes in disguise 

    Blessing Looms are just pyramid schemes in disguise

    Just when we think we’ve come across all the scams designed to swindle you out of your stimulus check, we’ve come across a new one. Or rather, an old one in a new coat of paint. They’re called ‘Blessing Looms’ and they promise you can make your initial investment back several times. Investment into what you may ask. That’s just it. You’re not really investing in anything at all.

    The typical diagram of a blessing loom can be seen above. The way it works is there is a circle of people who all put in the same initial investment. It can be as little as $10 or as much as say $1,200 just to use a figure that’s been in the news. The person on the inside of the ring recruits two people to fill the next ring. Then they recruit two people each to fill the next level of the ring and so on. Once the ring is full, the person in the middle gets all the investments from that loom. Then people gradually move closer towards the center of the ring where they’ll eventually make it to the center. The money is usually sent to your recruiter through apps like Venmo, Cash App, and the like.

    While the shape may be different, the so-called Blessing Loom also goes by another name, the pyramid scheme. The only difference is the way the scam is presented. As with most pyramid schemes, the problem with Blessing Looms is that only the people that get in first are the only ones who usually make money. The more the circle expands the more difficult it becomes to recruit new members leaving most participants at a loss. These Blessing Loom scams have seen a dramatic uptick on social media after the stimulus payments were announced.

    [youtube https://www.youtube.com/watch?v=UJm_DYtmo0U%5D

    Even if you think it’s just a small investment so what could it hurt, keep this in mind. Pyramid schemes are illegal. If there is actually no product being purchased then it’s an illegal pyramid scheme. So not only could you find yourself out of money but you could find yourself in legal trouble as well.

    Remember, you can’t make money just by giving someone else your money.

     

  • Geebo 8:00 am on April 20, 2020 Permalink | Reply
    Tags: economic impact payment, , ,   

    What’s keeping your stimulus check? 

    What's keeping your stimulus check?

    We’ve been trying to keep our readers informed about the economic impact payments that most taxpayers are set to receive. However, one of the questions we keep receiving is “Why haven’t I received my payment yet?” While we can’t tell everyone what’s going on with each individual payment, we can at least try to tell our readers the most common reasons why payments have not been received yet.

    The most common reason is that the IRS hasn’t issued the payment yet. Due to the massive scope of this undertaking, some payments may not be released for months. If you go to the IRS’s Get My Payment tool and you receive the ‘payment status not available’ message, that could mean a few things. It could be because you entered your information incorrectly. Be careful when entering your information to make sure you haven’t made a typo. If you’ve filed your 2019 taxes but they haven’t been processed by the IRS yet, that could also hold up your stimulus payment. Your payment could also be delayed if your bank is having to deal with additional demands due to the stimulus payments.

    However, what you may not know is that if you filed your taxes through a professional service like H&R Block, your payment may be sent by mail. If you used a service that allowed you to get an advance on your tax refund, there’s a good chance that the IRS does not have your banking information on file. Those services often use debit cards that are attached to temporary bank accounts. If the temporary account is closed the payment will be rejected and then you’ll have to wait for a paper check.

    [youtube https://www.youtube.com/watch?v=TNei9x-l4yM%5D

    Please keep in mind that not everyone is going to get their stimulus payment right away and you should plan your current finances accordingly.

    (H/T CNet)

     

    • Bonnie Cantley Williams 9:39 am on April 24, 2020 Permalink

      ON SOCIAL SECURITY .NOT REQUIRED TO PAY TAXES.WHEN WILL I GET MY STIMULUS CHECK?

    • Pamela J Martinez 9:12 pm on April 25, 2020 Permalink

      I wanted to enter my payment information for direct deposit for my stimulus money. Filed 2019 tax return, no refund, no money owed. Cannot hit submit because I did not mark refund or money owed. What can I do?

    • Geebo 11:53 am on April 26, 2020 Permalink

      While we, unfortunately, don’t have the answer for every situation from what we understand, people on disability will receive their stimulus payment the same way they receive their disability payments.

      This is according to the AARP.

      The automatic payments will be issued no later than early May in the same manner SSI recipients normally receive benefits: by direct deposit, paper check or Direct Express debit card.

      https://www.aarp.org/retirement/social-security/info-2020/ssi-eligibility-stimulus-checks.html

    • Geebo 11:55 am on April 26, 2020 Permalink

      From what we understand, when submitting your banking info you can select one of those options and input $0.00 as the amount.

    • Juanita May 9:09 pm on April 26, 2020 Permalink

      I am on SSDI And SSI.when will I Receive my Stimulus check.

    • Geebo 8:23 am on April 27, 2020 Permalink

      From what we understand, payments should start to go out this week.

    • Rahmere Cannady 1:59 pm on April 30, 2020 Permalink

      I filed 2018 and didn’t get my federal tax return or no 2020 stiumlus

    • Geebo 2:43 pm on April 30, 2020 Permalink

      According to reports, payments are still in the process of being issued.

  • Geebo 8:00 am on April 17, 2020 Permalink | Reply
    Tags: , economic impact payment, ,   

    Are debt collectors coming for your stimulus check? 

    Are debt collectors coming for your stimulus check?

    Debt is a delicate topic to discuss. There are those who think that anyone who is in debt must have lived outside their means and wasted all their money on frivolities. While cases like that certainly exist, the truth is that most people who are in debt are that way because of an unforeseen incident that happened in their life. Much of consumer debt comes from medical issues that even with health insurance still incurs a great deal of debt. The point that we’re making is that not everyone who is in debt is some deadbeat who refuses to pay their bills and spends their money on the latest model of an expensive TV. Having said that, to those people who are in debt through no fault if their own, debt collectors may be coming for your economic impact payment or as it’s more colloquially known your stimulus check.

    The stimulus checks were intended for people to be able to pay for food, rent, and utilities during this uncertain time. However, there are few protections in place preventing debt collectors from coming after your stimulus check when you need it most. While some states and larger municipalities have passed legislation to protect consumers the majority of stimulus recipients have no such protections. It could be especially problematic for those who have had garnishments levied against them. In many garnishment cases, the debt collectors have an agreement with your bank and are monitoring any payments that come into your account. In this case, your stimulus payment could be intercepted and be taken as garnishment.

    [youtube https://www.youtube.com/watch?v=_DiPIEPP7IU%5D

    So what can someone do if they need that stimulus payment just to keep a roof over their head or food on the table? One thing you can do is to go to the IRS portal
    and change your form of payment from direct deposit to a physical check. This way you can get the check cashed without having the debt collectors knowing that you’ve received your stimulus payment.

    While you should pay off your debts in a reasonable matter, most people should never have to go hungry or homeless because of them.

    (H/T Market Watch)

     

  • Geebo 8:00 am on April 16, 2020 Permalink | Reply
    Tags: , , , economic impact payment, , ,   

    Federal agencies are warning about covid related scams 

    Federal agencies are warning about covid related scams

    With the current coronavirus pandemic showing no signs of subsiding any time soon, many experts in the field are saying that they’ve never seen so many scammers trying to take advantage of a calamity. In that vein, many federal agencies have issued warnings about scams that are related to the coronavirus/covid-19 pandemic. You can click the following link to see our previous posts about coronavirus scams.

    The Securities and Exchange Commission (SEC) is warning investors about companies that appear to be making false claims about coronavirus treatment and prevention. The SEC has already suspended 16 companies from trading stock over claims of coronavirus testing kits. The SEC is also warning about currently investing in penny stocks related to coronavirus treatment as these stocks can easily be overinflated in value by the company before being sold off in what’s known as a pump and dump scheme.

    The Secret Service is warning citizens about scams related to the economic impact payments. We’ve previously discussed many of these scams here. In addition to the scams we’ve previously discussed, the Secret Service is warning about any messages you may receive about the economic impact payment that contain phrases like ‘immediately’, ‘urgent’, or ‘do not tell anyone about this offer’. According to the Secret Service, these are red flags for scams. They also recommend possibly freezing your credit during the pandemic so no one can open any lines of credit in your name.

    Along these same financial lines, the FBI is expecting a sharp rise in cryptocurrency scams during the pandemic. These scams will essentially entail current scams such as work at home and charity scams but will be looking to cryptocurrency as the scammer’s method of laundering the money they take from their victims. The FBI also says to be wary of new cryptocurrency offerings and investments as scammers will just steal the money and hide it in other cryptocurrencies.

    During these times financial stability is a major concern among many of us. By keeping a cool head on your shoulders you can prevent these con artists from threatening the security that you’ve worked hard for.

     

  • Geebo 8:00 am on April 14, 2020 Permalink | Reply
    Tags: , economic impact payment,   

    More tips and answers about coronavirus relief checks 

    More tips and answers about coronavirus relief checks

    Even with the announcement that the majority of American taxpayers will be receiving an economic impact payment because of the current pandemic, there is still some confusion about these payments.

    The one topic about the payments that seems to get a lot of traction is the question of whether or not the government will take the money back at a later date. Some are saying that the economic impact payments are basically an advance on your tax return. That is incorrect. The economic impact payment is a one-time 2020 tax credit. It’s not being counted against any existing credits. You will not have to pay it back this year, next year, or any year. If you financially qualify for the payment, which we detailed here, you will never have to pay it back.

    [youtube https://www.youtube.com/watch?v=hpR7N1Qiijk%5D

    We also previously mentioned that you’ll receive your payment by direct deposit if you’ve received your 2018 or 2019 tax refund by direct deposit. However, if you didn’t have to file a tax return to the IRS, you can go to the Economic Impact Payments page on the IRS website to provide your information. All you have to do is click on the button that says Non-Filers: Enter Your Payment Info Here and fill out a form to start the processing of your payment.

    For people who receive Social Security benefits, you’ll receive your payment the same way you receive your benefit payments. Although, you can receive additional money in your economic impact payment if you have dependents under the age of 17. You’ll have to take additional steps to get the supplemental payment but those steps have not been outlined yet.

    Again, if you have additional questions about your economic impact payment, you can always check with the Coronavirus Tax Relief website that’s run by the IRS.

    And remember, no one can get you your payment to you any faster than the government is issuing them. Anyone who says they can is just trying to scam you.

    (H/T Money.com)

     

    • Tonya Tyler 11:47 am on April 22, 2020 Permalink

      Will people on Disability that let someone carried them on their income tax. …ever get a Check we living Check To Check

    • Geebo 6:15 pm on April 22, 2020 Permalink

      While we, unfortunately, don’t have the answer for every situation from what we understand, people on disability will receive their stimulus payment the same way they receive their disability payments.

      This is according to the AARP.

      The automatic payments will be issued no later than early May in the same manner SSI recipients normally receive benefits: by direct deposit, paper check or Direct Express debit card.

      https://www.aarp.org/retirement/social-security/info-2020/ssi-eligibility-stimulus-checks.html

    • Diana 6:53 pm on April 28, 2020 Permalink

      When does ssi get theres

    • Geebo 6:58 pm on April 28, 2020 Permalink

      From what we understand, they’re supposed to start going out this week.

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