Can someone explain to me what a Stimulus check is and how it will impact my taxes next year? Pardon my ignorance, please don’t eat me alive lol it’s already a stressful week, extra thanks.

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The idea is for the federal government to quickly broadly distribute some amount - I've seen between 500 and 1000 - to most if not all adults in the country to help offset wage losses many will experience and help the overall economy. Unclear to me how it would affect taxes. Hope that helps.

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It helps... Thank you so much

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They are saying it won’t go to anyone who makes over than a certain amount. The amounts they are considering being the cap were 75-100k a year.

Very true. Honestly I want every American to get $1000...only seems fair

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How do they give them out if you don’t have a permanent address that they know as the government? Say I live in an apartment and not my parents home. They take what’s on our drivers license file?

I am assuming what’s on your tax return ?? Who knows.. maybe someone else here does

So the Senate GOP released their plan and they had a one time payment of $1,200 for people making under $75,000 based on their 2018 return. People who make between $75,000 and $99,000 would be getting less (I think it was $5 less for every $100 more of income). People with children would get $500 more per child. Of course this plan is not final and it has to be negotiated with Democrats and then signed by Trump.

I am not a huge fan of trump but this is his time to be stubborn lol...

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I will go first.
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