Richard Rubin

speaker

1,496 appearances 29 recordings 1 series first heard Oct 2017 last heard Jan 2024

Richard Rubin’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Stimulus Payments: What Happens if You Get the Wrong Amount? · 17 Apr 2020 podcast

The get my payment tool should work for people to add their direct deposit information.

It may not always work in every situation.

So it may be that if you're in that boat that you're just on that paper checklist and the IRS can only pump out 5 million checks a week or the Treasury Department can.

they're going to just take a few months to kind of work through everybody, I think generally from lower income to higher income.

So if that's happened, it may take some additional time.

Yeah, I have a couple items in the story where that's happening.

One is, you know...

is a case where someone received a payment in the account of a deceased stepmother.

And we're waiting for some clarity from the IRS on whether that's okay, basically, but whether that's allowed and whether he has to pay that back.

And then another case where someone's college age son got a payment, even though dependents who are claimed on other returns and are over 16 aren't eligible.

And this 20 year old got a payment.

And so the,

I talked to the father who wasn't quite sure what to do about that.

So we are seeing some of that.

People kind of getting more than they think they might have gotten.

And in general, Iris isn't supposed to go get these payments back.

But I would sort of advise people to be a little cautious about that and not necessarily go out and spend it if they don't need to.

WSJ Your Money Briefing · When to Expect Coronavirus Stimulus Checks · 27 Mar 2020 podcast

You can think of it as an advance of next year's tax refund, not at all as a separate taxable event for you.

Well, first of all, they're not checks.

For most people, they're going to be direct deposit payments.

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