How big is your check? What will you do with it?

[CFM]

I'm a little murky on this anyway. All the time, it was invested in a college savings MF - which means the gains were tax free because the money is used for education.

I need to research what the penalty is to not use it for education - although right now all the gains probably vanished - I don't want to look

My State has a college savings plan. I put money in it for both children for many years. The gains are tax free but the money had to be used for education. While the rules for what is considered "education" aren't lax, they do provide a degree of flexibility. It doesn't mean tuition and room/board only although that's how most use it. It can be used to buy computers, etc. as long as the primary purpose for it is educational. My oldest, while not receiving a full ride, got approximately 90% of her school funded by scholarships. The amount in her account exceeded what we had to pay on her behalf. When the oldest graduated, I was easily able to transfer the money to the account for the youngest. Same situation with costs vs. available funds applies for her. The only time the money is taxable is if it's taken as a distribution for things unrelated to education. My oldest has mentioned getting a graduate degree. The money can easily be transferred back to her account to pay for it.

Something else that's a benefit is that any money put into the account(s) can be used as a State income tax deduction. What I did for the 4 years my oldest was in school was use the educational credits from my federal return and put them into the account, thus, receiving a state tax deduction mentioned earlier.

I'm not sure there is a penalty for using the money for things other than education but you would have to pay taxes on something originally exempt.

[CFM]

Won’t get a Check nor would I need it.

80% of my employees have virtual offices anyway, 30% of them are Contract Employees. It would cost me more money to lay-off and rehire talent then to continue productivity as usual. People with small minds and short time thinking do not look ahead.

I’m 60% retired and the the other 40% works 2 t o3 days a week anyway, thanks to the Obama Presidency. Now if we get Dim Wit Don out of office we can keep moving forward rather than the Ups and Downs of Stupidity.

All that sounds nice but can you provide anything other than 'because I said so' to support it?

[TTQ64]

why do you support giving money to people that are not financial impacted?

People like me are fully working and don't need a hand out.

most retired people are on the same fixed income today they were yesterday. The risky ones still using risky investment vehicles were asking for trouble!

fuck off.

donate your check to a homeless person. I'm sure you qualify for it.

[Cypress]

I decided to give it to a relative or friend who needs it more than me.
Maybe a portion to an animal shelter

[TexanManWithPlans]

I don't understand why those illegals who pay taxes are disqualified. They don't have a SSN but they file with an Individual Taxpayer Identification Number (ITIN). Anyone who filed with an ITIN is disqualified from receiving a stimulus check.

If they pay taxes like the rest of us, they ought to receive a stimulus check like the rest of us.

[Guno צְבִי]

Retired in 2018 since then contracted as a process and mfg engineer on a 1099 and have made more money then on a W-2 , nice nest egg ,
Do worry about younger people who depend on W2

[christiefan915]

STANDING OVATION.

You win the internet today!

I'm the same. I partially retired a few years ago and still do some consulting.

I'm just pissed I had to cancel my Africa trip....

Africa, that's exciting! Which countries were you planning on visiting?

[zymurgy]

fuck off.

donate your check to a homeless person. I'm sure you qualify for it.

they won't send me a check dipshit - it is direct depost

[Micawber]

I don't understand why those illegals who pay taxes are disqualified. They don't have a SSN but they file with an Individual Taxpayer Identification Number (ITIN). Anyone who filed with an ITIN is disqualified from receiving a stimulus check.

If they pay taxes like the rest of us, they ought to receive a stimulus check like the rest of us.

And what of the homeless. It's not like they could use some money or anything. How many street mumbling derelicts have a bank acct
or an addy to send a check to.

[Charoite]

Saving it towards minor home upgrades or accessories when we eventually move

[Sirthinksalot]

STANDING OVATION.

You win the internet today!

I'm the same. I partially retired a few years ago and still do some consulting.

I'm just pissed I had to cancel my Africa trip....

I certainly hope that after Easter, when this is all over, you get to take your trip. And I especially hope it's a one way trip!

[Gonzomin]

It is sad that the Repubs took so long to learn that it is money in the hands of people that spurs the economy. Only this time, the stores are closed. Its impact on jobs is questionable.

[PostmodernProphet]

I'm having trouble deciding........should I donate it to Trump's campaign or to one of those agencies building the wall on our southern border....

[TTQ64]

I don't understand why those illegals who pay taxes are disqualified. They don't have a SSN but they file with an Individual Taxpayer Identification Number (ITIN). Anyone who filed with an ITIN is disqualified from receiving a stimulus check.

If they pay taxes like the rest of us, they ought to receive a stimulus check like the rest of us.

Told you racist republicans are for exclusion.

when people vote republican they too are for exclusion.

[Stretch]

https://www.msn.com/en-us/money/pers...cid=spartandhp

choice#4 None of your dang business!