To All Residents Of Hammock Cove.
Please read below and also the attached newsletter from Asst Chief Rick DelToro of the Port St Lucie PD.
Hammock Cove Board of Directors
We hope all our neighbors are doing well during this extraordinary time. By now everyone is aware of what social distancing means and how important it is to adhere to these new rules. All Floridians are under a ‘Safer at Home Executive Order’. But in case you are not aware, per the CDC:
· Keep at least six feet away from other people.
· Do not gather in groups.
· Stay out of crowed places and avoid mass gatherings.
Why do we want to practice social distancing? Because the experts have determined that COVID-19 is spread by tiny droplets that are launched in the air by an infected person’s cough or sneeze or even breath while talking, and inhaled into the lungs by an uninfected person. An infected person may not know they have COVID-19; the person might feel fine and show no symptoms but nonetheless, can still infect other people.
Another way the virus is spread is by touching a surface or object that that has the virus on it and then touching their own face. The virus can live for hours or even days on various surfaces.
How can you avoid getting COVID-19? If you must go shopping, stay away from other people, cover your mouth and nose by using a face mask (a scarf or bandana will work). Wipe off your groceries before you bring them inside the house with a disinfectant or alcohol or soap and water. Use plastic bags and leave your cloth bags at home unless you plan to wash them after each use.
If you use gloves, remember they are for limited use; it makes no sense to wear the gloves all the time since the virus can be on the gloves and you will spread the virus on anything you touch. Use the gloves to do your shopping and then remove your gloves after you load your groceries in the car. Do not touch your face or your face mask with your hands or gloves unless your gloves are new or until your hands are clean (wash hands for 20 seconds).
You can avoid shopping by purchasing supplies online or using a pick up or delivery service. Most medications can be mailed directly to your house. Remember to still wipe down your groceries even if someone else did the shopping. You cannot be too careful!
For more information, visit the CDC website often at https://www.cdc.gov/coronavirus/2019-ncov/.
To keep our community informed the Board has decided to created this page with any new information. If you have any questions or concerns, or would like to post a notice on this page, please email it to email@example.com.
Please adhere to all local, state and federal guidelines and keep safe. - Board of Directors
Notice To Residents
We hope and pray everyone is safe and healthy and and abiding by the rules during this pandemic.
The Board and the Management Company are still conducting the business of the community such as accepting ARB, stickers for vehicles, sale and resale packages, working with contractors, paying our bills, etc. We would appreciate it greatly if you need to submit a request for anything that you do so electronically and not in person at this time. You can submit written requests to the Board at HammockCoveHOA@gmail.com
or Signature at Diane.firstname.lastname@example.org
Thank you for your cooperation
Board of Directors
Hammock Cove HOA
Hammock COVE aT sAWGRASS lAKES
St Lucie County Updates
COVID-19 Stimulus Checks: Your Questions Answered
Read more on COVID-19 in our Resource Guide.
Among the various coronavirus news reports, one of the most prominent topics this week has been focused around the economic stimulus package and, more narrowly, the stimulus check that is part of the package. While many are eager to know more about the stimulus check, it’s important to know about the stimulus package it’s part of and the reason the government is coordinating this effort in the first place. We’ve got answers to your questions below.
What Is A Stimulus Package?
A stimulus package is a variety of economic measures created by the government to aid a struggling national economy. True to its name, its purpose is to stimulate the economy by increasing government spending, thus preventing, slowing or reversing a recession or depression.
The 2020 economic stimulus package is a response to the impact COVID-19 has had on the national and global economy. It goes by a few different names, including the economic relief package, the coronavirus stimulus bill and the economic stabilization package, but its official name is the Coronavirus Aid, Relief and Economic Security (CARES) Act.
At nearly $2 trillion, the CARES Act is the largest rescue package in our country’s modern history.
What Does The 2020 Stimulus Package Include?
You can read the full CARES Act bill online, but here are a few key features of the stimulus package:
More than $350 billion in funding to help small businesses
More than $100 billion in funding for hospitals
$500 billion in government lending for distressed businesses
Protection against foreclosure and eviction
Extended and additional unemployment benefits
More people able to qualify for unemployment, including self-employed people like contractors, freelancers and gig workers
Eligible people directly affected by COVID-19 to withdraw from 401(k) savings without penalty
Direct payments to individual Americans through a stimulus check
While there is much to digest from the mammoth, 800-plus-page bill, this article will focus on one particular section that has piqued the interest of most Americans: the stimulus check.
What Is A Stimulus Check?
A part of the broader stimulus package, the stimulus check is a payment made to eligible Americans from the U.S. government. Not only can the money help provide some financial relief for many who are facing hardship, but it can also help boost the economy when the money is spent.
How Much Money Will I Get?
Individuals will receive up to $1,200, while married couples will receive up to $2,400. Parents will receive an additional $500 per child listed as a dependent on their most recent tax return.
Notice that when we list how much money you can get, we say “up to.” That’s because the payments are based on your Adjusted Gross Income (AGI) on your most recent taxes and scale down when it’s over a certain amount.
Here’s how it works:
Individuals who earned $75,000 or less on their most recent taxes will receive the full $1,200.
Heads of household who earned $112,500 or less on their most recent taxes will receive the full $1,200.
Married couples who earned $150,000 or less on their most recent taxes will receive the full $2,400.
Individuals, heads of household and married couples will each earn $500 per child under 17 and claimed as a dependent on their most recent taxes, no matter their adjustable gross income.
For every $100 earned over those limits, the check amount decreases by $5.
Individuals who made over $99,000, heads of households who made over $136,500 and married couples who made over $198,000 will not receive a stimulus check. However, if they have children, they will still qualify for $500 per child.
Did you get all that? Here are a few examples of how much individuals and couples will receive based on their incomes and whether or not they have children:
Individual under $75,000: Alex earned $60,000 in 2019. Alex will get a stimulus check for $1,200.
Individual under $75,000 with children: Now let’s say Alex has two children under the age of 17, whom he claimed as dependents on his 2019 taxes. In addition to the $1,200, he will receive $500 for each child. In this scenario, Alex will receive a stimulus check for $2,200.
Individual over $75,000: Jane earned $90,000 in 2019. She will get a check in the amount of $450. Since she made $15,000 over the maximum, she will receive $750 less.
Individual over $99,000: Roger’s income in 2019 was $125,000. He has no children. He will not receive a stimulus check.
Married couple under $150,000, with child: Jack and Amy earned $120,000 and claimed one child under 17 on their most recent taxes. Jack and Amy receive $2,400 plus $500 for their child. Their total check amount will be $2,900.
Married couple over $150,000: Mark and Sarah had a combined income of $160,000 on their recent taxes. They will get a stimulus check for $1,900. Since they made $10,000 over the maximum, they receive $500 less.
Married couple over $150,000, with child: Greg and Mary’s combined income on their 2019 taxes was $200,000, which makes them ineligible to receive the stimulus check. However, they have one child. They will receive a check for $500.
Remember, the amount of money you receive is based on your adjusted gross income (AGI), which is your total taxable income. If you don’t know what that is, you can find it on line 8b on Form 1040 of your 2019 or line 7 on Form 1040 of your 2018 return.
Where Will The IRS Get My Information?
The IRS will use your 2019 taxes to get information on your adjustable gross income, your dependents, filing status (single or married). If you authorized direct deposit for electronic payments on taxes, the IRS will use that information as well. We’ll touch on that more when we talk about how you’ll get your stimulus check.
If you have not prepared your 2019 taxes yet due to the COVID-19 tax extension, the government will use your 2018 taxes. If you have not filed your 2019 or 2018 taxes, the IRS will use information from a 2019 Social Security Benefit Statement (Form SSA-1099) or a 2019 Social Security Benefit Statement (Form RRB-1099). If you didn’t receive those types of benefits and therefore don’t have these forms either, you may not get a stimulus check.
Do I Qualify For The Stimulus Check?
Many Americans are eligible for the stimulus check, including unemployed people, veterans, retirees and people on disability receiving social security.
You must have a Social Security number or adoption taxpayer identification number (ATIN). This is true for adults and children. According to The Institute On Taxation And Economic Policy, if you’re an immigrant who filed taxes using an Individual Taxpayer Identification Number (ITIN), you will not qualify for a stimulus check.
As stated before, if you made more than $99,000 as an individual or $198,000 as a married couple, you will not receive a stimulus check. You may also not receive a stimulus check if you did not file your 2018 or 2019 taxes and do not have a 2019 Form SSA-1099 or Form RRB-1099.
Do I Need To Apply To Receive Money?
No. You do not need to apply to receive a stimulus check. However, as stated before, if you do not have 2018 or 2019 taxes filed and do not have a 2019 Form SSA-1099 or Form RRB-1099, you should file your taxes immediately to ensure you get a check. Those who do not normally file taxes due to low income and, in addition, do not receive Social Security benefits are still required to file a tax return for 2019 to get their stimulus checks. They can file for free through the Free File program offered by the IRS.
How Will I Receive The Money?
If you authorized a direct deposit on your 2018 or 2019 taxes, you’ll receive your money via direct deposit. If not, a physical check will be mailed to the address the IRS has on file. Within a few weeks of sending payments, the IRS will send a paper notice by mail with information on how and where the payment was sent. Wait until you receive that notice to worry about your check as it may take some time for the IRS to send out all payments. However, if you do not receive your check by the time you receive the notice, contact the IRS.
When Will I Receive The Money?
Treasury Secretary Steven Mnuchin has expressed that he would like the payments to go out within 3 weeks of President Trump signing the CARES Act into law. However, a 3-week turnaround may be a little optimistic as stimulus payments in the past took a few months to arrive. For those who are able to be paid through direct deposit, the checks may come sooner than those getting a physical check in the mail.
How Should I Use My Stimulus Check?
How you use your stimulus check is entirely up to you based on your financial situation and current needs. Here are some ideas for how to use your check:
Use the money to live off, pay your mortgage or meet any financial needs.
Put the money into your emergency fund for future needs.
Use the money to pay off some of your high-interest debt, which can free up more money each month.
Save for your future and put the money into your 401(k).
Invest in stock, while the market is down.
Donate your money to a loved one in need or a nonprofit helping those affected by COVID-19.
While we’ve compiled a list of some of the ways you can use your stimulus check, consider your own financial situation and see how it can best be used. If you are out of work, have reduced hours or are already living paycheck-to-paycheck, it may be in your best interest to use the money to pay bills or other monthly expenses to help maintain your financial health. If you are still working full-time, living comfortably and have a healthy emergency fund, you may consider donating the money or using it in other areas of your finances. We recommend speaking to a financial advisor to help you figure out the best way to spend the money.
Can Money be Taken From My Check?
The stimulus checks are not taxable, meaning you’ll get the full amount. If you owe past taxes or have defaulted on your student loans, your check will not be reduced. However, if you owe past child support and it has been reported to the government, you could have that money taken from your stimulus check.
Will There Be A Second Stimulus Check?
As of right now, the CARES Act calls for only one stimulus check for 2020. However, this situation is fluid and more may need to be done in the future. We don’t know. If there is a need for another round of stimulus checks, another bill would need to be written and approved.
The Bottom Line
Many Americans can expect some kind of stimulus check in the coming weeks or months. How much you receive will depend on your adjusted gross income from your most recent taxes, your filing status (single, married or head of household) and the number of children you have. While this may offer some reprieve for those who have lost their jobs, had wages cut, live on low-income or live paycheck to paycheck, there is still uncertainty in what lies ahead. As we continue to live through the COVID-19 situation, much of the impact from the virus is experienced as it happens. We’ll keep you updated on changes to the economy, housing market and the daily lives of Americans as they happen. You can find more information in our COVID-19 Resource Guide. As we get through this together, remember to stay updated, stay calm and stay safe.