What the fuck?!??!?!

There was a credit to my account yesterday titled "US TREASURY 220 TAX REFUND / (my name)" for $57.40... WTF?

I was told that this was based on adjusted income.... apparently not?!

That sucks... Not that I really NEED the money - but since I thought I was getting it I was kind of planning on it.

Did you owe any taxes at all?

Mine ends in 56, it showed up this morning.

No - I got a small refund

Poor, Glenard.

I end in 65 and the site says May 9th, though I am not sure how accurate that is.

Holy shit..I'd be livid..need it or not that hurts!

There is something wrong Kaiser. That doesn't sound right at all.

As far as I know, the minimum amount for the stimulus/welfare is $300. Even people who paid ZERO federal taxes are getting at least $300.

I haven't heard or read a single thing about adjusted payments for the stimulus/welfare. All you needed was $3000 in income and file a return on time to be eligible for at least $300.

Higher earning taxpayers are getting nothing.

NYMM - I'm on the high end - but I thought I was still low enough to get the full $600.

I looked up the irs site and found out how they prorate... They multiply the amount of your Adjusted Gross Income over $75k by 0.05 (5%) and subtract that from your amount.

Maybe I am misunderstanding what "Adjusted Gross Income" is... I thought it was the amount that you paid taxes on after all your deductions had been subtracted (thus the word "adjusted")... but it looks like they used my actual gross income before deductions (I'll have to check the numbers when I get home, but it appears that's what they did).

Effing accountants and their confusing lingo

AGI is your tax liability. At least the figure used to calculate your tax liability. There is a line on your 1040 that lists the amount.

However, I don't think the stimulus/welfare makes any adjustments to the amounts they are paying you.

Either you qualify or you don't. The payments are in increments divisible by $300 depending on AGI and dependents and filing/marital status.

If they gave you $57 or whatever it was... it sounds wrong. It sounds like you were fucked.

I'd call the IRS directly. Your paperboy is getting at least $300. You should be getting more than that.

Kaiser....

Upon further checking on this issue it does appear that they are giving less money depending on your AGI and filing status.

I wasn't aware of this caveat.

It sucks.

The IRS has a calculator to figure out how much you get back.

Apparently I make too much and am not getting back anything. I didn't realize there was the 5% deduction over 75k. Bummer, I was hoping for a little extra money.

My buddy just got about $67.00, he makes over 75,000 so they must be doing something...

Okay... turns out I was right on this. I stupidly made the assumption that this was the same as Taxable Income... it isn't. AGI is basically ALL of your income added together with almost NO deductions taken out of it.

Guess I shouldn't have assumed

Kaiser... Actually adjusted gross income is the income they base your tax liability on after all of your deductions are calculated.

You were correct regarding the reduced payments in this stimulus/welfare package.

my bank account still has $11 in it.... anyone in the middle ss #'s get it this morning?

I checked EARLY this morning thinking it would be a 12am deposit... nothing. Checked just now (9:46am) Extra $1200 smacks.....hellll yeah. Last 2 (22)

Still nothing....

Yup, no joy yet.

And I have a SSN that ends in 2*.

In fact, my SSN and my SIN (Canada) end in the same digits. Huh!

Rats on the payment, though.

I'm buying a new fucking Schwinn. Boo-yah!

Got mine, SS ends in 61.

$1200 ACH pending transaction showing up this morning

Take the mudflaps off before taking it offroad!

Still looking for mine. Should have gotten it by May 2. The government was kind enough to withdraw what I owed them through direct draft immediately, but maybe they'll take thier time and mail me what they owe me.

Still waiting... Mine ends in 37

Got mine this morning. Soc ends with 57.