The IRS finally has some actual information on its coronavirus page re: stimulus payments

[WhiskeyWulf]

Just passing this along:
http://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know

[elleng]

1. Thanks

[orleans]

2. thanks for posting this. i was wondering about a couple of those things. n/t

[albacore]

3. Not to be negative..

but rent in Seattle for a two bedroom apartment is twice that $1200.
They have to up the ante if they expect people to eat and like that.
To stimulate the economy is gonna take more than couch-cushion money.

[DFW]

4. It probably would have been too complicated for them to figure it out by zip code

To someone living in Waco, TX, a $1200 check is a windfall. To someone living in mid-town Manhattan, it's a few days' rent. Besides, the person living in Texas will pay a tax rate the New Yorker can only dream of. With State AND City income taxes, my daughter was paying almost the same tax rate I pay here in Germany. Of course, now she is paying nothing at all, since her job evaporated. Now she gets up at 4:30 AM to work her volunteer job bringing food and necessities to people who can't leave their apartments.

[Lucinda]

5. knr