stimulus checks/ACA/owe IRS help please !!!

[rfuerst911sc]

I apologize up front for the long post , what a mess I have . My wife and I are retired and have an ACA health plan/insurance . The plan we are on now is quite good , the one we were on last year SUCKED !!! Long story short my wife's ONE kidney stone ended up costing us $20,000.00 out of pocket for what the health insurance wouldn't cover .

So we dipped into our nest egg because that's what it is for along with buying toys . Anyway when we had our taxes done this year it turns out we owe $8,000.00 because we went over the 67K max you can make per ACA rules . Because ACA is subsidized by the government anything over 67K they want their sudsidy back . Unfortunately I did not know that ........... I know it now !

So in theory my wife and I qualify for each of us to receive a stimulus check , but we don't believe we will receive them because we owe the IRS . I " think " our checks will go to pay down our balance does anyone know if that is correct ? Because of the pandemic payment to the feds has been pushed back to July . How can I find out between now and then if my " owed " balance is less than the 8K ? Just rough numbers two stimulus checks @ 1200.00 = 2400.00 , subtract 2400.00 from 8K we should owe aprox. 5600.00 . But how to confirm this ? I'm not sure a call to the IRS is wise if you know what I mean . Help from the smart folks please

[stevej37]

They just today added a 'find my stimulus refund' area to the IRS site.
It's at www.irs.gov

[ddinham]

In watching the daily Presidential updates in the last couple of weeks, it seems to me that at one time, someone (Mnuchin) had said that people will receive a stimulus without regard to whether they owe taxes or not.

[LakeCleElum]

My good friend owes back child support from 25 years ago......Attachments on his thru IRS means he's out of luck on this.......

[rfuerst911sc]

^^^ Stevej37 YOU DA MAN !!! Thanks that is a great way to start .

[flatbutt]

Originally Posted by stevej37

They just today added a 'find my stimulus refund' area to the IRS site.
It's at www.irs.gov

This is what you see if you don't qualify, since I owe this year...

Your request could not be completed ...
We apologize but there seems to be an issue completing your request. Please try again in a few minutes.
Return to IRS.gov home
Error from: https://sa.www4.irs.gov/irfof-wmsp/

[Por_sha911]

Originally Posted by LakeCleElum

My good friend owes back child support from 25 years ago......Attachments on his thru IRS means he's out of luck on this.......

No. He wins because he owes less to the family he stiffed than before. The winners are the family he left high and dry.

[ossiblue]

To the OP.

The stimulus check is separate from any tax liability. You will receive it based on your processed tax filing from 2018 if you have not filed yet for 2019. It is based on your AGI, and is not deducted from any outstanding tax liability. This is not a tax refund. It is a stimulus which is intended to be spent by the recipient.

[rfuerst911sc]

OK so I go on the gov website yesterday and it's overwhelmed so I try again this morning . I put in my basic info and I get a message that I am due the payment . Great . So then we go deeper into the weeds and they want more details and I provide those details . Hit enter and an error message stating info doesn't match their records . It suggests if you are using recent tax info ( I was ) to use 2018 so I did . Received the same error message then they timed me out and stated try again in 24 hours .

Our bank info has not changed and my wife collects SS so they have at least her info she's going to try the website today and see what it say's for her . Fun times we're going to be put through the wringer just to turn around and hand it back to the feds .

[stevej37]

I had the same results. Gave up for the time being.
Then this morning I read on yahoo news that four or five of the major tax preparers are being blocked for some reason (temporarily) H&R...which I used, is one of them. I'll look for the story and post a link if I find it.

[stevej37]

Here it is...
https://www.businessinsider.com/stimulus-checks-delays-coronavirus-million-people-tax-prep-services-turbotax-2020-4

[stevej37]

'Consumer-law expert Vijay Raghavan told The Post the hiccup occurred because the IRS did not have direct-deposit information for people if they got an advance on their tax refund or if they had their tax prep fee pulled out of their refund.'

I think the second part of that is what happened to me. I remember walking out without paying on the spot for my return filing.

[rfuerst911sc]

Last year we received a federal tax refund that was direct deposited into our checking account so they have the info . Or at least they should . Nothing has changed since then............ Except this year we had H&R Block do our taxes . But if I use the previous years tax filing info I still get the error message . It's frustrating that the error message doesn't specify what the error is just that there is one .

[stevej37]

"or if they had their tax prep fee pulled out of their refund."

Did they do this? I have used H&R the last four years...direct bank deposit each year. But this year I must have had the fee covered by the refund.

[rfuerst911sc]

Originally Posted by stevej37

Here it is...
https://www.businessinsider.com/stimulus-checks-delays-coronavirus-million-people-tax-prep-services-turbotax-2020-4

Good article but I didn't see a solution . If the H&R Block filing is the issue and we don't know for sure that it is will it self correct ? Or do I continue to hit the gov website until I get some indication that all is good ? Thoughts ?

[masraum]

Originally Posted by rfuerst911sc

Last year we received a federal tax refund that was direct deposited into our checking account so they have the info . Or at least they should . Nothing has changed since then............ Except this year we had H&R Block do our taxes . But if I use the previous years tax filing info I still get the error message . It's frustrating that the error message doesn't specify what the error is just that there is one .

Apparently, the deal is that if you paid someone to do your taxes, and allowed them to deduct their payment from your refund instead of just writing them a check when they did it, then the money was actually sent from the IRS to the folks that did your return, and then the middle man sent the rest of the money to you after they deducted their fee.

I been using turbotax for years, but the e-file is always free, and the money comes directly to us. We've already gotten our money.

[stevej37]

I'm going to give it some time. I would first maybe try calling H&R to see what they say...might be faster.

[rfuerst911sc]

Originally Posted by stevej37

"or if they had their tax prep fee pulled out of their refund."

Did they do this? I have used H&R the last four years...direct bank deposit each year. But this year I must have had the fee covered by the refund.

No last year we had an independent tax preparer do our taxes and we paid him outside of the refund.

[rfuerst911sc]

Originally Posted by stevej37

"or if they had their tax prep fee pulled out of their refund."

Did they do this? I have used H&R the last four years...direct bank deposit each year. But this year I must have had the fee covered by the refund.

No last year we had an independent tax preparer do our taxes and we paid him outside of the refund.

[stevej37]

Originally Posted by rfuerst911sc

No last year we had an independent tax preparer do our taxes and we paid him outside of the refund.

post#13...they're referring to the latest years filing. (H&R)