Apr
30
TurboTax Direct Deposit Stimulus Payment Questions
April 30, 2008 | 278 Comments
Due to the large number of questions regarding direct deposit tax refunds, the economic stimulus payment and TurboTax, I've written another article dedicated to TurboTax questions.
What is TurboTax?
Many people file their taxes with TurboTax. I've always used TaxCut by H&R Block but I'm sure the services are very similar. TurboTax is software that you can use either on your …
Comment by Bob Meighan: … like you need to follow up with the IRS to figure out …
Apr
14
IRS Stimulus Payment: Direct Deposit Questions
April 14, 2008 | 211 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 Stimulus …
Apr
11
Today is Last Day to Change Stimulus Payment Direct Deposit
April 11, 2008 | 11 Comments
If you need to change your direct deposit option the IRS says today is the last day to do it.
You can contact the IRS before the week of April 13th. That means you have rest of today to get it done.
Q. Is there something I can do to prevent my Stimulus Payment from being automatically deposited into the account that I identified for the Direct Deposit of my regular refund?
A. Generally, if you …
Jun
27
Searching for a Safe Short Term High Yield Investment
June 27, 2008 | Leave a Comment
… were paying over 5% interest. Now interest rates have dropped slightly and are just starting to recover. I have short term money that I want to keep liquid, yet I also want a decent return on investment. What do I do now?
In 2006 high interest online savings accounts were common. Now you're lucky to get 3 percent. FDIC insured online savings accounts were an obvious choice then but now they're not looking so good.
My current short term portfolio consists of CD's and …
Jun
26
When Will I Get My Stimulus Check?
June 26, 2008 | 24 Comments
The IRS is sending checks to taxpayers through the Economic Stimulus Package. The IRS sent the first wave of payments via direct deposit. Now the IRS is sending out stimulus checks via mail to those who didn't qualify for the direct deposit. Now some people are asking, " where is my stimulus check? " I'll help you find out.
Check the Payment Schedule
Your stimulus check will be mailed based on the payment …
Comment by Chris: … You will need to contact the IRS directly. If you …
May
29
Where Is My Stimulus Payment?
May 29, 2008 | 86 Comments
… You may be confused by the stimulus payment schedule. Who can blame you, it is confusing. However, you need to make sure you have your facts straight before contacting the IRS.
I've made a list of the most common problems/issues with stimulus payments. Items are listed by popularity.
Did you check the payment schedule ?
Many people are mistakenly using the direct deposit schedule when they should be using the paper check schedule. How do you know if you're getting a …
Comment by Jill: … my name. According to IRS, my SS# is invalid because …
May
13
TurboTax VP Answering Your Stimulus Payment Questions
May 13, 2008 | 16 Comments
… 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 TurboTax allows you to pay your filing fee using your anticipated tax refund. To facilitate this, TurboTax uses a third party …
May
5
… 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 income and have paid taxes for the 2007 tax year.
In May of 2008 the IRS begin depositing these payments into …
Comment by Chris: … you may qualify to file for free online.
May
3
IRS Economic Stimulus Payment Article Index
May 3, 2008 | 7 Comments
… lot of confusion and no shortage of questions about the IRS economic stimulus payment. I'm try to keep up with the questions but it's become a full time job. This article is an index of the important links related to the stimulus payment.
Too Many Questions
At first I tried to answer every question. However, due to the sheer number of stimulus payment questions, this became a full time job. I simply can't answer every question from readers. Instead, I've created this article index …
May
2
IRS Where’s My Stimulus Payment Web Page Broken?
May 2, 2008 | 522 Comments
… page. I was thankful because I'm wearing out my keyboard answering questions from readers. However, several readers have commented that it appears to be broken.
Does Where's My Stimulus Payment Work?
I've received several questions from readers, asking if the stimulus payment tracker actually works. Remember, you can't track your payment until the time you're officially supposed to receive your payment.
According to the IRS this is still the official stimulus payment …
Comment by Sandy W.: … the return has to be PROCESSED by April 15th. If you …