I already posted this in the Coronavirus thread but since that resides in "Quarantine", I wanted to make sure everyone saw this, so you can make an informed decision about whether or not to spend the "stimulus check" you get (whether for food & rent, or if you're fortunate, on non-essentials) or save it, because it's actually a loan that comes out of next year's tax refund.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
twitter.com
Trinity (TrinityResists)
Yep—The stimulus checks are an advance on your 2020 tax returns.The $1200 single or $2400 married filing jointly will come out of your 2020 refund.People all around the US are excited to get paid with a little bit of the money that they paid to the federal govt already.
https://t.co/6sxbiNjW5r 6:07 PM - 4 Apr 2020
1.6K
1.6K
twitter.com
Renee (ReneeIsFabulous)
So the stimulus checks they are sending are technically an advance refund of 2020 taxes?!?! @Forbes @HRBlock @MSNBC @CNN #COVID2019
3:52 PM - 4 Apr 2020
4.9K
3.7K
