Help for us geezer?

Discussion in 'The OT' started by yosoyellobo, Mar 24, 2020.

  1. yosoyellobo

    yosoyellobo Icon

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    Anybody has any idea if social security recipients will get any of the bailout money?
     
  2. yosoyellobo

    yosoyellobo Icon

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    Good lord I had no idea I have a member of this board for 14 years.
     
  3. lparsons21

    lparsons21 Hall Of Fame

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    Since the bill actually doling out the money hasn’t even been finalized yet, who knows? We might or might not. If the method that Republican Senators set up is what ends up happening, it could mean none for those with income in 2018 too low to pay taxes, to something from zero to the full amount in other cases.

    But that is just guesses on my part.
     
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  4. WestDC

    WestDC Well-Known Member DBSTalk Club

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    NO- You already get a Bailout every Month - NO check For you
     
  5. yosoyellobo

    yosoyellobo Icon

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    No like for you. :)
     
  6. WestDC

    WestDC Well-Known Member DBSTalk Club

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    LOL
     
  7. James Long

    James Long Ready for Uplink! Staff Member Super Moderator

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    Congress is the opposite of progress?
    So many things to say - so many rules I can't break. :)

    Hopefully they can work things out while there still are enough people healthy enough to vote in congress.
     
  8. Rich

    Rich DBSTalk Club DBSTalk Club

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    What I read was a cap on salary (make too much and you get zip) and nothing for folks on SS. I don't think that's written in stone but I'm gonna get nada if that is what happens. My son will get it, my wife and I won't.

    Rich
     
  9. lparsons21

    lparsons21 Hall Of Fame

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    I think that changed in the bill up for vote today in the Senate. As to before this version, for SS only people or those that have SS and other income but not enough to file or pay taxes, nothing. For those that did have enough in combo to pay taxes then there was at least something.
     
  10. Rich

    Rich DBSTalk Club DBSTalk Club

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    There's a limit on how much you make too, I think. Found this on a site: Direct payments: The bill would distribute up to $1,200 to Americans in the form of a one-time direct deposit, $2,400 for couples, and $3,000 for family of four. The payments will be phased out based on income levels.

    There seems to be a ceiling on salary.

    Rich
     
  11. billsharpe

    billsharpe Hall Of Fame

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    I really don't need a one-time payout but I'll take it if the government sends a check. We both get SS payments as well as the required distribution from our IRA's, which is indeed taxable. Most of the SS payments are also taxable.
     
  12. Rich

    Rich DBSTalk Club DBSTalk Club

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    The salary limit for couples filing jointly is $198,000 and folks that get SS will get checks. If what I just read is accurate.

    Rich
     
  13. Rich

    Rich DBSTalk Club DBSTalk Club

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    Damn it. I was right, for a change.

    Rich
     
  14. lparsons21

    lparsons21 Hall Of Fame

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    Right, from all I’ve read that is the way it works. That was one of the bigger balking points in the Republican Senate bill. Lower income folks would have gotten either something very low or nothing at all and they are exactly the folks who need the help the most. Glad that got fixed in the final bill.
     
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  15. yosoyellobo

    yosoyellobo Icon

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    lparsons21 likes this.

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