Questions tagged [covid-19]

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46 views

Sell or keep property just purchased

I bought a house with 2 units in Switzerland recently for $750k mainly for rental income and long term security. The house returns $29,000/annum brutto rental and after deducting interest, ...
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What are the necessary preconditions for a major economic collapse of western civilization due to the COVID-19 pandemic? [closed]

As evidenced by news and social media, the majority of the public seems to be operating on the belief that the COVID-19 is "going away soon". Why this notion is popular probably has a lot to do with ...
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40 views

COVID-19 SBA loan forigveness

The COVID-19 Paycheck Protection Program includes provisions for forgiving those loans. Normally when debt is forgiven you have to pay taxes on the forgiven debt. Will recipients of Paycheck ...
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1answer
59 views

How does stimulus payment income phaseout work when there are children?

The CARES Act (text here), section 2201, provides economic stimulus payments. It provides that individuals get $1,200, and joint filers get $2,400, plus $500 for each qualifying child (16 or under). ...
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3answers
2k views

When will I get my Federal refund if I file today, given the deadline has been extended to July 15th?

Due to the covid-19 pandemic, the Federal government has decided to extend its tax filing and payment deadline to July 15th. So, if I were to file today, will I get my refund check in the mail this ...
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1answer
120 views

Shall we expect high inflation when government provides financial aid during covid-19?

I am not clear about the source of money when UK and US announced the COVID-19 financial help. For example, in the UK an employee may be eligible for 80% of the wage, capped at £2500, given their job ...
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11answers
9k views

Should I ask the seller of a house for a price reduction given a recession is almost certain?

I've gone sale agreed (note: "sale agreed" means the sale has been agreed in principle - no contracts have been signed, no non-refundable deposits have been made etc.) on a house. The market I'm ...
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2answers
200 views
+50

home buying and moving in coronavirus in USA

For UK, I see news that may help people there. Is there any guidelines of USA. I know a few people in Maryland, Virginia who have closing coming in First week of April, should they close, what about ...
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1answer
134 views

Will a non-US citizen living and working in the US be eligible for stimulus check?

Please excuse me if this question doesn't fit very well here in this forum, but I don't know which SE would be more suitable for my question than Money.SE, so I decided to ask it here. My question ...
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1answer
196 views

Should I remove Adult Dependent from my 2019 tax return so they will receive a COVID Stimulus Check?

On my 2019 Tax Return I claimed my 28 year old girlfriend as a dependent. This makes her ineligible to receive a COVID Stimulus Check. My return was already accepted and I have already received my ...
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3answers
4k views

Can a US citizen who has never had a taxable level of income and thus never filed taxes before receive a Coronavirus stimulus check?

I've always lived with family and been a student, so apart from odd jobs here and there I've never really worked full time or reached a minimum taxable threshold of income. On top of this, I am ...
4
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1answer
114 views

Chinese Stock Market crash much less severe during Covid-19/SARS-CoV-2 crisis - Why?

Covid-19, caused by the SARS-CoV-2 virus, has now been around since 3 months. European stock markets have crashed very hard, US-stock market has crashed hard, but the Chinese Stock market on the other ...
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1answer
222 views

Can you get the stimulus check if you do not file a tax return for 2018 or 2019 and you do not get Social Security?

In the CARES Act that just passed (text here), section 2201 provides the recovery rebate tax credit for 2020, with section (f) providing advance refunds (the check). It says that the advance refund ...
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6answers
7k views

How, or should I repay debt during Covid-19 crisis?

During Covid19 pandemic I managed to save some money and I was thinking about repaying some of my debts, however, I'm not sure should I do it, or keep cash just in case things turn for the worse. This ...
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1answer
169 views

Am I less likely to get approved for credit during the COVID-19 pandemic?

I've been thinking about applying for a new credit card or two, as I've been building up credit for awhile and basically all my hard pulls have fallen off of my credit report. Given that COVID-19 is ...