Money man Mnuchin: Direct Deposits Hitting In 3 Weeks

The Devil's Advocate

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Better to reign in Hell than serve in Heaven
Not if you’ve filed online taxes in 2018-2019.

It’s scary to be reminded the government has access to your checking and savings accounts and can dip in there and give and take what they want without our permission.

At any moment.
You give your permission when you file your taxes... You can always ask them to send you a check
 

The Fukin Prophecy

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Are the checks taxable? No, they are not taxable. The only catch is that technically a person’s 2020 income is what qualifies them for the payment. Since no one knows their total 2020 income yet, the government is using tax returns from 2019 and 2018 to figure out who qualifies for a check. It is possible that someone may have to pay back some of the money if his or her income this year turns out to be significantly more than it was in 2019 or 2018. That’s expected to be a relatively small share of people, and the money would not have to be paid back until April 15, 2021.
The bold is being real understated in this article...

I have multiple analysts that got bumped to six figures this year...

Handing them a check now and then telling them they have to pay that all back next year is fukking stupid...
 
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