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  #121  
Old 29.01.2021, 18:52
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Re: US Coronavirus Stimulus Checks [Cheques]

Am still waiting for the second check, supposed to have been mailed January 6 also. The first time around, I had no problem depositing into my cantonal bank account (BCV in Vaud). They charged me 30 francs, as indicated in their printed policy, though the guy behind the desk said it could be anywhere from 30 to 250! He also told me it could take up to a month to appear on my account, but it only took a few days. In short, I was pretty satisfied.
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  #122  
Old 29.01.2021, 19:12
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Re: US Coronavirus Stimulus Checks [Cheques]

The IRS website says it can take up to four weeks for mailed checks to arrive, and that applies even within the States. Four weeks from 6 January is this coming Tuesday, the 3rd of February.

If I use my Christmas card as a baseline, it took six weeks to arrive. Keep in mind that was with the Christmas and New Year holidays in thrown in.

Six weeks from 6 January would be 17th February. I really hope everyone has a check by then!
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  #123  
Old 31.01.2021, 16:12
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Re: US Coronavirus Stimulus Checks [Cheques]

Update: My friend in CO received her paper check on Friday the 29th.

I don't know if that means good news or even further delays for folks in CH, but there's one more data point in case it helps.
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  #124  
Old 01.02.2021, 16:03
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Re: US Coronavirus Stimulus Checks [Cheques]

FYI, I received my check today


So I admit that I didn't follow the stimulus check discussion in the news, just that there was a big argument about the amount that the check should be. Was it decided to make this "second check" for $600, and then possibly send a second check (originally there was talk of a $2,000 check) later?

I'm just trying to plan around when / how I should deposit this one.
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  #125  
Old 01.02.2021, 20:13
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Re: US Coronavirus Stimulus Checks [Cheques]

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FYI, I received my check today

So I admit that I didn't follow the stimulus check discussion in the news, just that there was a big argument about the amount that the check should be. Was it decided to make this "second check" for $600, and then possibly send a second check (originally there was talk of a $2,000 check) later?

I'm just trying to plan around when / how I should deposit this one.
The $600 was agreed before Biden took office. You can deposit it, they won't take it back.

The current negotiations would potentially add up to another $1400, for a total of $2k - depending on your income level. I believe the $1400 version would have a lower income threshold than the $600 round.

There is no guarantee any amount will come any time soon. The price tag of Biden's proposal is something like $1.9 trillion and the Republicans naturally want something scaled back.

One idea being floated is smaller monthly checks to the lowest income families.
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  #126  
Old 01.02.2021, 23:45
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Re: US Coronavirus Stimulus Checks [Cheques]

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There is no guarantee any amount will come any time soon.


Thanks for your answer, and is rather what I thought I had understood in the mess that was the pre-election chaos.
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  #127  
Old 02.02.2021, 12:02
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Re: US Coronavirus Stimulus Checks [Cheques]

I also received my check yesterday.

If you did not receive a first stimulus check and should have you can claim it on your 2020 taxes (with your 2020 AGI as the reference point)
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  #128  
Old 02.02.2021, 19:33
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Re: US Coronavirus Stimulus Checks [Cheques]

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I also received my check yesterday.

If you did not receive a first stimulus check and should have you can claim it on your 2020 taxes (with your 2020 AGI as the reference point)
And if you do this, it would be wise to set the refund to go via direct deposit to a U.S. account so that you don't keep getting paper checks.

My money was in my U.S. account by Jan 10, no Post involved.
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  #129  
Old 05.02.2021, 10:04
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Re: US Coronavirus Stimulus Checks [Cheques]

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And if you do this, it would be wise to set the refund to go via direct deposit to a U.S. account so that you don't keep getting paper checks.

My money was in my U.S. account by Jan 10, no Post involved.
of course, I think many expats are getting checks because typically they don't owe taxes and don't get refunds. Thus the IRS wouldn't have their direct deposit on file
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  #130  
Old 06.02.2021, 16:52
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Re: US Coronavirus Stimulus Checks [Cheques]

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of course, I think many expats are getting checks because typically they don't owe taxes and don't get refunds. Thus the IRS wouldn't have their direct deposit on file
True, but at least last May a person could go on the website and put in direct deposit info, using the data from the 2019 tax return such as adjusted gross income. I am not sure what the website allows right now.

The latest news is that the stimulus bill will go through reconciliation and pass with the narrow D majority at some point this month.

The amount for the new check has remained at $1,400, but the income limit could change. The new proposal is to start reducing the amount of the benefit for single earners starting at 50k. It was 75K for the first two rounds.
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  #131  
Old 07.02.2021, 20:20
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Re: US Coronavirus Stimulus Checks [Cheques]

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True, but at least last May a person could go on the website and put in direct deposit info, using the data from the 2019 tax return such as adjusted gross income. I am not sure what the website allows right now.

The latest news is that the stimulus bill will go through reconciliation and pass with the narrow D majority at some point this month.

The amount for the new check has remained at $1,400, but the income limit could change. The new proposal is to start reducing the amount of the benefit for single earners starting at 50k. It was 75K for the first two rounds.
I still find these income limits a little laughable. As a single expat you can earn $157k and still get a covid check. (by being able to subtract $107k in foreign earned income)

It really is quite a farce that nobody closed this "loophole" as most expats are not even taxpayers in the US.

On the other hand, with FATCA, foreign banks shunning us, having to pointlessly fill out tax returns each year and generally being treated like a criminal....I have no qualms in taking the money.
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  #132  
Old 08.02.2021, 12:50
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Re: US Coronavirus Stimulus Checks [Cheques]

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I still find these income limits a little laughable. As a single expat you can earn $157k and still get a covid check. (by being able to subtract $107k in foreign earned income)

It really is quite a farce that nobody closed this "loophole" as most expats are not even taxpayers in the US.
Agreed, I wouldn't even be eligible in the US but I've gotten all of them. It's really a pity it isn't more targeted at those who lost their jobs or used instead for direct services to assist those in need. But now that Biden/Dems have promised more checks they have to deliver... I send mine along to my charity of choice so I don't feel guilty.
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  #133  
Old 08.02.2021, 13:16
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Re: US Coronavirus Stimulus Checks [Cheques]

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I still find these income limits a little laughable. As a single expat you can earn $157k and still get a covid check. (by being able to subtract $107k in foreign earned income)

It really is quite a farce that nobody closed this "loophole" as most expats are not even taxpayers in the US.

On the other hand, with FATCA, foreign banks shunning us, having to pointlessly fill out tax returns each year and generally being treated like a criminal....I have no qualms in taking the money.
I’ve donated the entirety of my stimulus checks to various gofundme and election campaigns. I can’t justify keeping it for myself.
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  #134  
Old 08.02.2021, 21:30
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Re: US Coronavirus Stimulus Checks [Cheques]

I don't feel guilty getting the payments - I've spent my checks helping pay for my mother's cancer treatment. If the U.S. had a better healthcare system...but that's a thread for another day.
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  #135  
Old 06.03.2021, 13:59
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Re: US Coronavirus Stimulus Checks [Cheques]

Hello - this might be a bit of a weird one. Would any of you report the amount of the US stimulus checks received into your Swiss tax declaration. The way I read it, it should be include in VaudTax under Code 195, but I might be wrong? In theory, I tick the box for US citizen, yet CH would have no way of determining if I truly quality for the check...
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  #136  
Old 06.03.2021, 23:50
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Re: US Coronavirus Stimulus Checks [Cheques]

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Hello - this might be a bit of a weird one. Would any of you report the amount of the US stimulus checks received into your Swiss tax declaration. The way I read it, it should be include in VaudTax under Code 195, but I might be wrong? In theory, I tick the box for US citizen, yet CH would have no way of determining if I truly quality for the check...
I'm not a tax advisor or expert by any stretch. My understanding is that the economic income payments aren't income. They are considered tax credits from the U.S. government, regardless of whether you owed any tax. I forget the reason it was structured that way.

Even if the payments don't count as income, they do add to your global wealth total for tax purposes, assuming you don't spend it all before 31 Dec.
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  #137  
Old 07.03.2021, 00:19
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Re: US Coronavirus Stimulus Checks [Cheques]

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I'm not a tax advisor or expert by any stretch. My understanding is that the economic income payments aren't income. They are considered tax credits from the U.S. government, regardless of whether you owed any tax. I forget the reason it was structured that way.

Even if the payments don't count as income, they do add to your global wealth total for tax purposes, assuming you don't spend it all before 31 Dec.
Thank you for the note! I do disclose the US account where the cash went on my Swiss tax for the wealth portion. Thus, it seems that I am all covered.
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  #138  
Old 07.03.2021, 17:40
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Re: US Coronavirus Stimulus Checks [Cheques]

Hi all,


I'm a single and childless US citizen living in Switzerland since 2016. I haven't filed my US tax returns since 2016 and I didn't receive the first 2 stimulus payments. I only submit my FBAR each year.


I tried looking up some information and it sounds like I actually could be eligible for those 2 payments and the third one which just passed, but I'm not sure what steps I need to take. I still have a US bank account so I'm sure I can have direct deposit set up for the delivery of the money.


Do I just have to file a 2020 1040 and I'll be good to go? Does the fact that I haven't filed for ~4-5 years make any difference?



BTW my income here in Switzerland is definitely low enough to get the full payment.
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  #139  
Old 07.03.2021, 18:17
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Re: US Coronavirus Stimulus Checks [Cheques]

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Do I just have to file a 2020 1040 and I'll be good to go? Does the fact that I haven't filed for ~4-5 years make any difference?
.
Regardless of whether or not you're eligible for a stimulus check based off of your 2020 return, you are supposed to file for the years that you haven't yet (i.e. 2017 onwards). I would think that if you only file for 2020 that it might flag your account that you're missing the other years.

So yes, I think it makes a difference.

There are lots of companies that can help you catch up with those late returns so that you're compliant.

And if you catch up on your filings, you might be eligible for all 3 stimulus checks.

Good luck!
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  #140  
Old 07.03.2021, 18:25
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Re: US Coronavirus Stimulus Checks [Cheques]

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Regardless of whether or not you're eligible for a stimulus check based off of your 2020 return, you are supposed to file for the years that you haven't yet (i.e. 2017 onwards). I would think that if you only file for 2020 that it might flag your account that you're missing the other years.

So yes, I think it makes a difference.

There are lots of companies that can help you catch up with those late returns so that you're compliant.

And if you catch up on your filings, you might be eligible for all 3 stimulus checks.

Good luck!

Thanks for the helpful reply!


Would I still have to file tax returns for those previous years even if I was a Masters student in Switzerland not earning any money? I started a PhD last year so now I have an income, so I guess it would make sense for me to do it at least for this year?
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