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If you have not heard for Americans, the money(stimulus checks/deposit) for the Corvid-19 problems has been approved by Congress. If you are retired and getting Soc. Security, you should see some money soon! $1200 for yourself and another $1200 for the wife if she has a SSN #. Also $500 per child under 17. I wanted to list it here to track when and if we receive it here in the Phils. It is estimated to be sent direct deposit around Apr 6. If the IRS has your bank info from 2018/2019 tax filings or from your SSA 1099 retirement, it should show in your bank acct then. I don't know about you, but an extra $2400 would do me fine. I would probably have to use most for BI for late visa extension here when the quarantine passes here in PI. There is still time to file an online 2019 tax form if you haven't filed yet! Its important that IRS see not only you, but wife and child are claimed. I don't think they will see wife/child just from your SSA1099 statement. I tried earlier to file online with TurboTax but if you are just getting Social Security benefits and nothing else, the program fails and you have to file a paper form( takes too much time/expense). Normally just getting SS, there is no need to file taxes statement, you don't make enough. Problem with the online and windows version is looking for an AGI that is not zero. If you just say you won a lottery for lets say $50, the is not an AGI that is not blank or zero, the program works and you still won't pay additional taxes. So important you get your taxes done like right now online or else you may not get all the amount due (for wife/child). Like I said, IRS will be sending it out in about 3 weeks! https://us.yahoo.com/finance/m/ec206692-1c6e-3743-864b-be999b7897dd/i’m-retired-and-claim-social.html
We heard a rumor that one of Duterte's ideas is to legislate a new tax on vehicle purchases. Of course we heard it from someone who wants to sell a car to us, their reasoning being that it would be better to buy a car now than to wait until next year. I did a google search for "tax Philippines" and found no mention of such a new tax. It does make some sense though, since people who are buying cars are the ones who can better afford a new tax. Has anyone else heard about this?