Correct, but if you are on the verge of losing your house, your electricity is about to be turned off, there are no Christmas presents for your kids and/or you don't know how you're going to feed your kids tomorrow, you don't give a rip that it's a tax credit. People needed help months ago and $600 is a slap in the face.
The timing would suck in that case but $1,800 isn’t going to make a difference anyway. However, for someone in that boat the original Cares Act allowed for mortgage forbearance for up to 6 months as well as the option to extend for an additional 6 months so you will still owe the same balance once the dust settles you won’t lose your house today. If you are a renter they extended the moratorium on evictions again so nobody should be getting evicted now either. They also extended supplemental SNAP benefits under this new bill so no kids should be going hungry. Electricity is a little different. State public utility commissions set rules. I work In the energy industry and the sates that we operate in all have some form of restriction on turning off people’s power similar to the eviction rules. The states usually require the utility to establish a deferral and payment plan regardless of the person’s credit history.
No not at all. I’m saying you are entitled to a $600 refundable tax credit but instead of waiting for the money until you file your taxes for 2020 you get an advance on that credit next week. You won’t owe anything back as long as your were actually entitled to the money in the first place. For someone who never gets the $600 but is actually eligible they will get it when they file their 2020 return.
While its great that its happening, I feel like I'm watching a turtle cross the finish line.
Whew. You scared the the you know what out of me.
The Fed has saved USA from some problems of leverage. LTCM if it had fallen would have dragged a lot more down with it, than the amount that was given to prop it up. Amazing what 100 PHD (including Nobel prize winner) in a small company with extreme leverage can put at risk.I think some folks here need a lesson on how the Federal Reserve works, its purpose
I know, that is my point. Side note, I work there and its just funny how so may people use the same baseless garbage argument that the fed just prints money (The Treasury actuals does) and nothing to back it with blah blah blah. Oh well.
This one says updated as of yesterday. 556,208 administered doses.Pfizer vaccinated in USA is 272,000 and growing.
December 20, 2020 coronavirus pandemic news
The coronavirus pandemic has brought countries to a standstill. Meanwhile, vaccinations have already started in some countries as cases continue to rise. Follow here for the latest.www.cnn.com
www.cdc.gov
I would think it will show as income so we still get to pay tax on it and the $1200 from before
I've got a good friend who is an administrator for Mayo Clinic working the vaccine logistics for them and he feels pretty confident that everyone will have access to a vaccine that wants one by April. He and the staff have already been vaccinated.This one says updated as of yesterday. 556,208 administered doses.
COVID-19 Vaccination
COVID-19 vaccines protect against COVID-19. Get safety info and more.
No, not income. It’s a refundable tax credit. The extra federal unemployment is taxable as income.
Thanks. Does anyone know (or want to speculate on) what benchmarks Disney is watching in regards to dropping the mask requirement? Is it a certain vaccination % of population or just the availability of the vaccine? Or does it have more to do with cases/hospitalizations?
probably % of vaccinated population. Even if the vaccine is available for everyone, that's doesn't mean enough people will get it.
I'd imagine that and a combination of positivity rate. We know it will take months to get those levels stable enough to be deemed safe to not wear a mask.
Interesting. Does anyone foresee Disney requiring proof of vaccination to get into the parks once the masks are no longer required?
