Quote:
Originally Posted by RickFLM4
Honestly, I prefer the checks weren't sent out at all. I'd rather see the money reserved for further extensions to unemployment coverage, cover COBRA / health insurance for people who lose their jobs, support small business retention of employees, etc. , as necessary. People who are still working and making money do not need a check, regardless of income level. They are no worse off than they were a month ago. Sending checks to people is designed to get people to go out and spend money they otherwise might not spend. People can't do that right now, unless they find (even more) toilet paper they can order from Amazon. Timing makes sense for economic support for people and businesses impacted through no fault of their own, but makes no sense for a stimulus.
Edit: But otherwise agree with OP, get taxes filed ASAP, especially if there was a change in address or decline in earnings to get you below the phase out.
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This is going to be a huge impact. Even if you have a healthy emergency fund set aside, COBRA and Health Insurance premiums will eat through that in a hurry!