May
6
It seems a lot of people still have questions about how the amount of the stimulus payment is determined. The IRS provides a calculator on it's web site. So it's easy to find out how much should should get, but it's not so easy to see why you are getting that amount.
The IRS Stimulus Payment Calculator
You can find the IRS stimulus payment calculator here. Remember, this calculator only …
Comment by Chris: … should get your payment automatically.
May
12
The economic stimulus package payments are on their way to millions of Americans. The IRS has gone out of it's way to ensure everyone knows about it. Those with low incomes can file their taxes online for free just to qualify for the stimulus payment. But what if you make too much and how much is "too much" really?
How Much is Too Much?
The threshold is either $75,000 (single) or $150,000 …
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 dependents.
Others either made …
Apr
30
Economic Stimulus Payment - Child Support Questions
April 30, 2008 | 244 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 IRS can withhold the entire tax …
Comment by Anonymous: … to send WEEKLY payments #1 he wouldn't fall behind and …
Apr
14
IRS Stimulus Payment: How Much Will You Get?
April 14, 2008 | 41 Comments
I’ve received a huge number of questions over the IRS stimulus payments. One of the most frequently asked questions is: How much will I get? Most of the questions I’ve received come from people on disability, retirement or in other lower income situations.
Please see my article on the stimulus payment details for general questions on the payment.
First of all you may qualify for a payment ranging from $0 to $600. …
Comment by Chris: Phil Elewski, The payment is based on tax liability. You …
Jun
4
Stimulus Payment Notification - What Does It Say?
June 4, 2008 | 16 Comments
Some people have asked what the stimulus notification letter would say. I finally received mine so I can share it with you.
I already showed you what the envelope looks like so you don't throw it away. I scanned in the stimulus notification for my records. It states in bold print that you should save this notification for your records. I keep all my important documents in digital format. I just scan them in using my …
Comment by carol: … and the IRS paid off my 2004 and 2007 taxes I owed. I am …
Jun
1
Where's My Stimulus Payment Tool Worked For Me
June 1, 2008 | 1 Comment
Are you one of the people who've tried to use the " Where's My Stimulus Payment " tool on the IRS website? Did it not work for you? I've had many people report that it didn't work for them, so I decided to try it myself.
Remember that unless you payment is scheduled to be mailed (or deposited) it won't show up on the "where's my stimulus" site.
You should check the Payment Schedule prior to …
May
23
The IRS Stimulus Payment program is a real mess. Many people haven't received their payments. Some haven't received the amount they were supposed to get according to the IRS web site. Some people have questions relating to child support or other debts owed to the government. Many people are searching the internet because they don't know how to contact the IRS by phone.
The IRS stimulus phone …
Comment by Chris: … try going to local office.
May
14
Stimulus Payment: Do My Children Qualify?
May 14, 2008 | 12 Comments
If you have children, they may earn you an additional $300 each this year. That's because the economic stimulus package allows for an additional payment for each qualifying child in your household.
How will I know if my children qualify?
The IRS has some basic requirements. First the child has to have a valid SSN ( Social Security Number ). Second the child must have been younger than 17 at the end of 2007.
From the IRS Stimulus Site : …
Comment by Chris: … wouldn't have much of a tax liability so the maximum you …
May
13
TurboTax VP Answering Your Stimulus Payment Questions
May 13, 2008 | 22 Comments
It's not often a company actively answers questions, especially on a web site they don't manage. That's why I was a little surprised to see comments on this site from Bob Meighan, a Vice President at Intuit, the company that makes TurboTax. TurboTax has taken a lot of heat from people upset over the confusion surrounding the stimulus payment and TurboTax.
What's the Issue?
Apparently …
Comment by Ronald Bilski: … not get any checks issued to them from the IRS. They go …