NEW Stimulus Check $2,000/Month, FREE Rent & Mortgage, PPP (Forgivable) Loans
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- Опубликовано: 2 окт 2024
- There's a lot of new Acronyms lately. PPP, EMPA, CARES etc. Most Stimulus checks from the CARES Act have already been direct deposited, but you can check the status of yours online with the IRS. In this video I discuss the NEW bill being proposed that includes $2,000 a month in stimulus checks (03:45), plus the Emergency Rent and Mortgage Cancellation Legislation (05:11) being discussed by Congress. In addition I share my thoughts on PPP Loans (01:25).
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I would prefer to keep paying my mortgage during this time. I’d rather have the 2k/mo but it seems too good to be true. I haven’t received the first check yet. Thanks for this video!
Why not help citizens? We are the ones who hold the bag for all these bailouts of businesses and corporations. Think about it we would use the money to pay rent, mortgages so those businesses would survive. The money would pay bills utilities etc so those businesses would survive, etc etc. I am sick of bailing out businesses it’s time to help citizens even for a short time. It just makes sense.
It sounds good but nothing is free. I think the government will have to raise taxes eventually and the poor and the middle class will be the ones paying for it.
Now we see why people need to follow Dave.
kay krout if there was ever a time! Blessed to be debt free, have a fully funded emergency fund, and be employed, for now.
We got our stimulus check, transfered into savings.
Where in the world is all this money coming from? We are going to pay for this in many ways for many years to come. Panic is going to cost us dearly.
"We will never be a socialist country." Enter covid-19.
Why not help citizens? We have no problem shelling that same amount or EVEN MORE to companies!
We will be paying the $1200 back ten fold for the rest of our lives
Meeloy Blogs -yes. So scary. Although so many people need this help I’m afraid it’s going to turn back around and bite us in the long run. YIKE! 🤔
I think paying someone when they haven’t experienced financial hardship is foolish. Why not keep the funds on reserve in case unemployment becomes worse. Once that money is dispersed it becomes a liability for all of us for the long run. I certainly would continue to pay my mortgage.
Brian Parent Perhaps, but it is also meant to stimulate the economy, not just provide help to hardships.
Well some of us are helping others with their financial hardships. My coworker it's the only one in her household working. Family of 6. This is bigger than just an individuals income.
Kimberly Kimberly . I understand the need to make some concessions but we need to be smart. IE: we should not give to those who don’t need it. We already contribute to the economy.
For our part we did with our stimulus as we normally do, give first, enjoy a little of it and save the rest. We started a new car fund. It is what we will do if there’s a second round but I hope this time they will opt to pay those that are hurting first. This isn’t free and will affect us all for years to come.
My friend is a claims processor at NH unemployment. Everyone is starting to receive $600 in addition to their normal benefit. In essence some folks will make more on unemployment than they do working until July. Folks are telling her that they aren’t going to go back to work even if they are called back since they will make more money. Employers calling asking how they should handle employee request to be laid off so they can draw unemployment and make more money. This is insanity. I could see paying folks what they normally make rather than the typical 60% but paying them more is ludicrous.
Let’s be responsible with the assistance. There’s no money tree!
Brian Parent how do you determine worthiness?
I used the last stimulus as a emergency fund. I am receiving unemployment right now. So I am able to afford my mortgage, also I filed for refinance. I will have 72 dollars in extra cash.
Austin Bouwer- 😊 Sounds like you were intelligent
in your endeavors!
👍
This 2K/month is too good to be true. Will come back to get us in the future.
I agree
Dana, this was a really valuable video - thank you!
Technically I believe the $1200 is a “relief,” not a stimulus.
Nothing in Life is "Free"! While it would be great to have some extra money, especially since I am on Disability, I still want to be able to afford to live when things have settled down. I hope the bill for the $2000 dosen't pass. As far as the free Rent/Mortgage, We rent and we recently received a letter from the owner that says NOT everyone will be eligible for free rent in her community. You will have to prove that you have NO income before she waves your rent!
Thanks for explaining those acronyms! I saved the $1200. I can see owing this in the future. I'm all for helping those who have lost their jobs. They really need the assistance. Free rent for me sounds like a bad idea. How will the maintenance and other support staff get paid? Do they go on unemployment? It seems like that one would cause a cycle of dependency on the government.
We almost all need more money but who is paying for this?
Janice Crowell probably Trump’s profits on $SPY puts before every press release
Janice Crowell We are
All the undocumented worker that pay taxes, but cant do or get their taxes. This “unclaimed” money goes to a “secret” account
No way they pass a $2000 a month.no way
This crisis cost us money! $2000 a month a it’s not enough! $5000 a month barely making it.. this is America lots of bills need to be paid!!!!
People need money not free rent. Unemployment cant pay all the bills.
Are these stimulus checks tax free or would we be paying income tax on them in 2021?
They are tax free
Of course it tax free because we are not going to get it , the government gets our money we get nothing
My son and his girlfriend own a restaurant and they saved a lot of money so they didn’t lay anybody off and their business is good hopefully it will continue
Military wife...government loves acronyms! You are correct that it can be a problem in communicating. I'm very concerned about that new bill (first one you mentioned) is setting us up to be dependent on the government long term rather than ourselves, particularly with evidence coming out that the infection rate is much higher than they thought which means the death rate is very close to a regular flu. The sooner we can go back to work, the sooner we can pay off this massive debt our government put on us as taxpayers. May you all be well!
SOMETIMES RENT IS THE ONLY INCOME
Is there anything for people who tested positive for Covid -19? I am a nurse and was sick in March and tested positive. I am still off work. My work has not contacted me except to see when I go back to work which will not be for 3 more weeks. I applied for disability but have not received and unsure if I can go back to work for a company who can’t even check in on me to see if I’m alive.
These videos are incredibly helpful. Thank you!
I haven't received a check either. Thanks for the video!
My husband lost his job so my ck when to bills and food so I’m ok for a month so hopefully they help us again
Did y’all sign up for unemployment?
We haven’t gotten our money. Because we didn’t do direct deposit. So I guess we will just wait 🤷🏼♀️
Sarahanne Schloneger Same here. I don’t like giving the government my bank information.
We are still waiting and its says cannot determine eligibility. So frustrating.
Some taxpayers did not get the stimulus check. If you are married and one spouse filed with ITIN numbers the whole family got punished. Even if the other spouse has a valid SSN and children.. maybe the next stimulus package, we do not get behind.
This stimulus worries me so much. It doesn’t make sense.
I dislike acronyms so much already. The beginning of the video was like nails on a chalkboard
Matthew Schad stay away from the medical field. 😂
Oh dear... There is no way we as a country have the money to do this...
Great info! Thank you for helping me and so many others.
Not happening since both parties are saying the debt is too high.
Great information !
I was reading the proposal this morning :( I just put my stimulus check twards my rent to pay early. Thinking Im being smart... Now rent might be free for everyone else?! My baby is due May 20th and I thought the best place to put the money was rent (the next two months) while im on short term disability and my husbands hours have been cut in half. Well i guess Ill see...
Highly suggest watching one big happy life video on pslf. The headlines that were out were very misleading. Ppl got denied because they never qualified, had forms incorrectly filled out, and didn't both the time and 120 payments done. People are getting it forgiven if those things are met 🤷♀️
Acinomnieves3 I watch one big happy life and, occasionally it is useful. But the difference is that they are not working to be debt free.
I have one rental, that help me get by. Scent I do lots of odd jobs. Which I work for myself, what I make don't make. Rent does help. Keep me above water. Like anything my tenant still have an income. When it came to the rent? Well he told me going to pay his rent, no matter what. I did give a break of $100 for next month. He told me no not to do that. Like good, to great tenant are hard to found. I keep doing better, scent I what to have more rental property in the future
I'm not sure what's going on at my job. Two of the ladies in the office are going to get some sick leave but I think I just lose my my hours.
I'm paying debt
I always get a paper check for my tax return. Never really thought to do direct deposit because I don't count on the money. I just put it back into my savings. That being said, I cannot find where to change my payment information on the get my payment tool. Anyone know which link to go to?
If you go to the IRS's website under the "Get my Payment" tab you can check the status of your payment and enter your bank account info for direct deposit.
I have not received the first stimulus check yet. I did not do direct deposit, so I am waiting on a paper check. Once it get here I am paying rent for two months since I am a substitute teacher that got layed off for the rest of the year. Then it will go to the rest of the house bills.
Sometimes we have to eat what we don't want to for our stomachs not to be empty. D__G F_ _D
I don’t know. This sounds 2 good to be true 🥺
Brilliant video keep it up 💯
Dana what is the time period for if you have signed up on the site? I thought they had my account information since I had them take my tax bill for 2019 directly from my account. But they didn't so I signed up but still have not gotten my money yet
I put in my deposit info and It keep telling me for the past week that they don't have an update right now.
Once they do they would update and send my payment in the account that I provided below
Some people don’t even make $2000 or $4000 a month so makes me wonder if people will not go back to work purposely... because no need to? Idk we shall see...
More help is always welcome so eventually I can pay some debt. Thank you for that new information.
Our dependent college child didn't get any stimulus money. Don't know why. Not in our account. Not in his account. He slipped through the cracks.
Dependents over the age of 16 do not qualify for the original stimulus. If you claimed your college aged kid on your taxes you are out of luck on seeing money for them
Thank you for your channel. Always very helpful.
Hey Dana, you didn't say anything about landlords getting relief for if the govt goes ahead with the free rent or mortgage stimulus. I heard that the landlords or management companies would get something on return for not getting the rent. Can you please speak on that
I think don't need to send out more than they can afford to Anyone, but don't leave any person
out other than very high income.l
Everyone is holding on to their cash... that's the non-preppers. They will think TWICE in the future
We rent. I think there's a lot of landlords out there that are already maybe not getting the money but then again are these people that are getting the money actually paying the rent with the money they get.... So that is something to consider as well. 🤷 for us rent is at the top of our priority list before other people that may not because they might think they're safe during this time.
I need it to pay my credit cards
What about people on Social Security, they have less usually than taxpayers if able to work can hopefully make money later.
My paper check is scheduled to be mailed on Friday. I filed taxes for 2019 but received a paper check refund so that might be why.
Could someone point me to where in the news this stimulus plan is? All I know about is the bill that the house just passed which added funds to the small business loans.
I love your videos! Thank you!
Any idea of the timeline for this '2000'.
Landlords usually incorporate : S Corp, LLC etc..., so they can apply for loans
Thank you. I appreciate the information made easy to understand.
First, it’s important to remember this is just a proposed bill. It has not yet been voted into law. But it is also clear that many Americans are struggling and will be until businesses reopen and people are able to resume work.
My husband and I are on Social Security. Will we receive a stimulus payment.
Judy Masters yes checks going until May
This is not money for taxpayers.
This money for ANYone. Wage earners or loafers/disabled who CANT WORK ANYWAY AND ARE ALREADY LIVING ON THEIR MONTHLY GOVT CHECK, both groups will get this.
chadzwife1 Odd that you combine “loafers/disabled” as if they are the same in your mind.
🤗Good job uploading this video, it is very important info. You red my mind about ppp and the President, I relate 🤣. Thank you!
Lovely work Dana looking gorgeous too well done :)
You know I always LOVE your videos, Dana! However, you didn't mention the new proposed monthly $2K has stipulations. It's not for everyone. I pulled this from Forbes, which posted it at 9:50EDT the evening 4/21:
$2,000 Monthly Stimulus Check Eligibility:
Americans aged 16 and older earning less $130,000 per year.
Married couples earning less than $260,000 would receive $4,000 per month.
Qualifying families would receive an additional $500 per child - for up to three children.
*Eligibility includes those who are unemployed or have no earnings.*
Eligibility would be extended to the recently unemployed who wouldn’t qualify under 2018 or 2019 tax returns, but whose income situation has changed in 2020.
What about people who get disability?
Thanks Amy🌈 Much love and prayers for all💞
Hey Dana love this channel.
That is crazy. Lots of people are still working. Withhold we continue to pay people who are already working. There is no free rent or free mortgage. We will all be paying for more than a decade. We did not get the first stimulus check. I would be annoyed if we continue to pay people who are telecommuting now. Just add more to unemp!payment and give money for peopl!e who are Not working. Working peop!e do not need a stimulus.
Some ppl like me are just a couple days a week working or part time working and yeah we need the money too
Unemployment system has collapsed in Florida 94% as of April 20th, have not received their UI money for Florida or their federal supplemental payment as it is tied to the state unemployment approval. People cannot get a response, by computer, phone, or mail-in application. Many have been trying for weeks. Shameful incompetence!!
The PPP loan to business requires them to keep all employees on the payroll, it is in effect a stealth bailout of the state unemployment funds. Since most business will have to payback these “loans” due to some very minor compliance issue, they should not borrow to pay payroll. The employees (except high pay or management) will likely collect more on unemployment due to the federal supplement of $600 per week. Assuming they will get retroactive benefits to the date of layoff.
Unless they have received their stimulus, these claimants have received no money since their layoff. This is why people are in long lines for food pantry food. Help your neighbors or employees with food if you can. God bless you all.
I'll believe that $2,000 a month stimulus check is real when it actually happens. Canada did it but they have a government that cares about its citizens.