https://twitter.com/scottsantens/status/1257755899009159175?s=20
There is no doubt in my mind that if they had passed through the majority of stimulus money to individuals it would have helped soften the impending economic disaster. We are just going to take it full force now as most of it was given to people who are just padding their bank vaults.
Afaict the advance you just got is forgivable, but the eidl loan isn’t. Is 3.75% for up to 30 years though. Ppp is forgivable if you use it for payroll and can be used to refi eidl. How to arrange any of the forgiveness I don’t think anybody knows yet.
My accountant is figuring out the deets. If it’s a loan that’s fine. Backup emergency cash for now.
Now that sweet 2x$1200 coming tomorrow.
Haven’t been paying as much attention to all this as I should have since I’m just a regular old salaryman. Still haven’t seen my $1200 in my bank account even though I filed taxes last year, so I guess I should be expecting something in the mail soon?
So if I am sure I qualify but can’t ever get the website to work, do I just wait for a check?
You can see if filing your 2019 taxes helps.
It’s here! Gonna deposit this with my phone so I can frame this sweet, sweet piece of DJT memorabilia.
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Did you check your status on the IRS website?
And more importantly, did you get a refund electronically deposited to your bank account last year?
You make over $100k? Bc you get nada if that’s the case.
$2400 cha ching this morning for our stimulus money.
I’m up 5400 for the week even if 3000 is a loan.
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Got it.
Somewhat encouraging that Forbes is taking this tone. At some point vulnerable senate republicans are going to want to vote for more stimulus
I don’t know why Nancy doesn’t just pass something in the house and dare Mitch to sit on it.
Also got it. 2019 was a horrible year lol.
Hey we got an SBA loan number and the lender will be reaching out soon for further instructions and next steps!
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Literally nobody talks like that
I’m also now fully stimulated.
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No, yes–at first glance all I could find on the website was the FAQs but I’ll go back, thanks
Do you know if this is top line income or AGI?
Congrats, that’s great.
Just in case this still can help anyone: turns out the ADP payroll report I used for my application was wrong, It excluded federal taxes while it should not have. So I got about $40K less than I could have. The amount I did get still covers my whole payroll (with people at 75% salary) plus benefits plus rent for eight weeks, so I’m not really complaining. But that extra cushion would have been nice, would have been able to distribute some to employees and keep a small cushion.
So, if your application process isn’t done, and you used ADP to make your payroll report, make sure it wasn’t their first or second version. Apparently they got it right on the third try.
Do you think Nancy’s rich donors are asking her to do that?