Stimulus payments are subject to government penalty this time?

[Nexus2]

Last edited Sat Jan 30, 2021, 01:29 AM - Edit history (1)

I haven't seen this outside of this site, but there was a link provided

https://www.politico.com/news/2021/01/29/stimulus-payments-government-debts-463802

Seems pretty hard, likely wipes mine out.

Edit: Who the Hell agreed to that 'compromise'?

[drray23]

1. only if you are in late payments.

if you have a federal student loan for example, they wont take the stimulus money to pay it unless you are already defaulting on it.

[Nexus2]

2. Yeah, I am, its been a rough few years [nt]

[drray23]

3. Sorry. I hope it gets better for you.nt.

[Nexus2]

4. Thank you, I really appreciate it.

SSD helps, but every little bit help, especially lately .

[W_HAMILTON]

5. You didn't get your stimulus via direct deposit or check/debit card?

[Nexus2]

7. That's how I've gotten the others (the 1200 and 600)...

But from what I understood, this is new wrinkle for the next (and likely last) round of 'stimulus' checks.

[W_HAMILTON]

9. Except your article doesn't say that -- read it again.

If you got the recent $600 stimulus, you will probably get the next stimulus. It says the people that have the problem are the ones that have not received their stimulus for whatever reason and instead have to file a tax return and claim a credit to receive theirs. Because any potential tax refunds of theirs are already being held up due to other reasons, their stimulus (that they had to claim via tax credit) would also be potentially held up and put towards their governmental debts; therefore, if you have already successfully gotten your other two stimulus payments, you should get the potential third stimulus payment of $1,400 as well.

[myohmy2]

6. you would think...

...the point of stimulus money would be to 'stimulate' the economy, not punish...

...'stimulating' money remaining in government coffers is not very stimulating...

...call me old-fashioned but wouldn't the more money thrown out here to more people who need it regardless, the more 'stimulated' things would become?

...I know I'm willing to do my stimulating part...

[Tribetime]

8. I mailed my taxes last July still not processed so it showd

I haven't filed yet...no money for me I guess. Should have filed electronic