May
7
Didn't get your full economic stimulus payment this year? Good news, you have a second chance to get your stimulus money in 2009.
Didn't Get the Full Stimulus Payment?
Many people didn't get the full stimulus payment. There are several reasons for this. A large number of people had to file amended tax returns . Several people reported problems with other people claiming their …
May
6
… a little credit. So how much do you get for your kids?
First your child had to younger than 17 at the end of 2007. Second they have to have a valid social security number. Third, you have to claim them as a dependent on your tax return. Basically, the child has to qualify under the Child Tax Credit Rules. So if you were able to claim a child tax credit for the child then you will most likely get a $300 stimulus payment for them also.
Owe Money? It Can be Taken Out of Your …
May
5
I've received several questions about the possibility of a second economic stimulus package . Many people want to know if it's true or just a rumor. Here's what we know right now.
The "First" Economic Stimulus Package
The Economic Stimulus Package was passed by Congress in early 2008. Among other things, it mandates direct cash payments to US citizens who've met a certain level of …
Comment by Trish: … at around $175 billion so this is a considerable …
Apr
30
Economic Stimulus Payment - Child Support Questions
April 30, 2008 | 246 Comments
Many questions about the Economic Stimulus Payment keep coming up. Some of the most common involve child support . The questions fall into two categories: owing and receiving child support.
If You or Your Spouse Owes Child Support
The IRS will withhold your payment up to the full amount, if you owe back child support . If you file a joint return and one spouse owes child support the …
Comment by caryn: … York State, it is 17% per kid, with a "cap" of 35% of an …
Apr
24
How Will Global Food Shortages Affect You
April 24, 2008 | Leave a Comment
… a limited amount of ground to begin with.
As old farmers are fond of saying: you don’t sell land, they aren’t making any more of it.
Apr
22
Why Is Debt No Longer a Bad Thing?
April 22, 2008 | 1 Comment
… a major problem? Has our attitude as a society changed or is it something else? Leave a comment and let me know what you think.
Apr
17
IRS Stimulus Payment - Questions and Answers
April 17, 2008 | 418 Comments
… .
The most any one individual will receive is $600.
If you have one or more children under 17 you may receive $300 for each of those children.
If your adjusted gross income is over $75,000 (single) or $150,000 (filing jointly) your stimulus payment will be reduced. The reduction is 5% of the amount over the $75,000/$150,000 limit.An example from the IRS site:
An individual with AGI of $80,000 and federal income tax liability in excess of $600 would qualify for a basic …
Apr
16
File Your Taxes Online For Free
April 16, 2008 | 3 Comments
… April 15th. There is no penalty and you will still receive your full refund and/or stimulus payment.
Apr
14
IRS Stimulus Payment: Direct Deposit Questions
April 14, 2008 | 216 Comments
You have to fill out the direct deposit section on the tax return to get the stimulus payment directly deposited.
Q. Can I have my Stimulus Payment direct deposited?
A. Stimulus Payments will be direct deposited for taxpayers who select that option when filing their 2007 tax returns. Taxpayers who already filed and requested direct deposit won't need to do anything else to receive the …
Apr
14
IRS Stimulus Payment: How Much Will You Get?
April 14, 2008 | 41 Comments
… income tax liability.
Rebate is $600
Source: http://www.irs.gov/newsroom/article/0,,id=179165,00.html
IRS page on Veteran’s (VA) Benefits
IRS page on Social Security (SSI) Benefits
Low Income Wage Earners
If you work but don’t normally file an income tax return, you’ll want to file one this year. If you have at least $3000 in earned (qualifying) income you should receive a check.
Make sure you file a return. Again, Filing a return should not increase your …