COVID-19 is an infectious disease caused by a coronavirus discovered in Wuhan, China, in December 2019. The worldwide outbreak of the virus in the beginning of 2020 has led to severe global socioeconomic disruption and is expected to have major implications on world economy for years to come.
Questions tagged [covid-19]
94 questions
27
votes
11 answers
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 currently in was extremely competitive, houses were…
TomSelleck
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17
votes
8 answers
The "Cares act" allows $100,000 of 401k withdrawal without penalty. What are the reasons not to do this?
From this website , we can pull out $100,000 from our 401k without penalty.
Distributions taken from qualified retirement plans received during 2020
of up to $100,000 for COVID-19 related purposes are allowed without a
10% penalty, taxable…
Astor Florida
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15
votes
6 answers
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 is my situation with concerns against repaying…
Vax
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10
votes
3 answers
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 currently overseas. What I'm wondering is, am I still…
Ryan
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8
votes
2 answers
What is my registered address for UK car insurance?
I am about to buy a car and I need to put down my registered address for both the car insurance and VC5 logbook etc.
I own a house in City X, and this is where I work and vote etc. However, due to covid, I have been working from home and living in…
Antonius Gavin
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7
votes
1 answer
W-4 Second Job Question
With the whole COVID-19 thing happening a lot of my financing and paper work on stuff is a little complicated right now. I'm also pretty inexperienced with this stuff because I've only ever held a single job before.
I'm currently applying for a…
Willow
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6
votes
1 answer
I'm still working but my payments are deferred due to Covid19. Do I qualify for unemployment insurance benefits?
I'm self-employed in California and my biggest client (>90% of my billable hours) is not able to pay due to cash flow disruptions related to Covid19. I've agreed to continue working and billing as usual, and allow them to defer all payment for at…
Bingo
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5
votes
0 answers
Is preschool closure (due to the pandemic) a qualifying event for Dependent Care FSA?
I'm trying to figure out of closure of my daughter's preschool meets the qualifying event criteria so that I can reduce my dependent care FSA contributions. I've read a few places online that change of cost of care meets the criteria but I cannot…
jwmn
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4
votes
2 answers
Handling rent debt in California
Due to the pandemic, I was unable to pay rent for my apartment complex that I have now moved out of. I do not have the money to pay this debt because I was unemployed because of the pandemic. Additionally, I am below median income.
Are there options…
Fay
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4
votes
1 answer
Is it even worth working a minimum wage job right now given the government's pandemic response?
The work I was doing prior to COVID got shut down. I have since started a retail job that is close to minimum wage ($14.70/hr). I normally work 30-40 hours per week. Also I have some very part time work where they consider me a contractor, but this…
titchseason
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4
votes
1 answer
My dentist charged me for PPE and my insurance won't cover it. Can I use my FSA to pay for it?
I recently visited my dentist for my semi-annual checkup. The checkup is covered by my insurance, but when I reviewed the EOB after the visit I noticed a $20 charge with code D1999/Unspecified that my insurance denied. When I contacted my dentist…
Spig
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4
votes
1 answer
CARES Act 401k withdrawal requirements - Is this a hardship?
From my understanding, financial hardships related to COVID-19 can qualify an individual to withdraw money from their 401k, with literally no penalty so long as it is repayed to a similar retirement account within 3 years.
What qualifies as a COVID…
AlbinoRhino
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4
votes
2 answers
Is COVID-19 used car deals and lease renegotiation really a thing?
I have been reading that due to the COVID-19 pandemic, auto inventories are high and dealers often do not want lease returns. Wholesale auction prices are reportedly plummeting even as of a couple weeks ago. Because of this, I have heard that it…
user12515
4
votes
1 answer
Why does IRS Stimulus Tracking Tool Claims "Payment Status Not Available" When I Am Eligible?
Apologies for the lengthy post. I'm been confounded the past 2-3 days by the confusing information I'm getting from the IRS's FAQ page and their Stimulus "Get My Payment" Tracking tool. I believe I am eligible for the Stimulus checks, making less…
James Haug
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4
votes
1 answer
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). It also provides an income phaseout that reduces…
user102008
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