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Discussion in 'The OT' started by yosoyellobo, Mar 24, 2020.
Anybody has any idea if social security recipients will get any of the bailout money?
Good lord I had no idea I have a member of this board for 14 years.
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.
NO- You already get a Bailout every Month - NO check For you
No like for you.
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.
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.
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.
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.
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.
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.
Damn it. I was right, for a change.
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.
According to the Washington Post calculator i should be get $
Make sure you enter at least $1 for income.