May
9
More frequently asked questions regarding the Economic Stimulus Payment ( Rebate ): What if my spouse owes money ? What will happen to our stimulus payment ? Will the IRS keep it all even though part of that money is for me and my children?
The IRS Will Keep Your Money
The IRS can keep your stimulus money (and tax refund) if you owe money to the government. The IRS will shoot first and ask questions later. So if your spouse owes money to the government and you file jointly, …
Comment by Mary Anne: … about here. My husband and I filed jointly, …
May
7
… So if any of these change you eligibility for the payment can change.
So How Do I Get My Money in 2009?
The IRS will include a worksheet on 2008 tax returns. The worksheet will help you calculate if you are eligible for a tax credit on your 2008 taxes.
Can I Get My Money in 2008?
If you didn't file taxes or you weren't eligible at the time you filed, you'll have to wait until 2009 to get the money. Also if your tax situation changed after you filed taxes (you lost …
May
6
How I Spent My Stimulus Payment
May 6, 2008 | 6 Comments
… at the other side. What are people spending their stimulus payment on?
I came across this website where people are posting about how they spend their stimulus payment. How I Spent My Stimulus is fascinating. The sheer variety of posts is amazing.
People have spent their money on the obvious like home repairs and rent. I've seen posts about engagement rings and political donations. One lady sent her boyfriend to a comic convention for a vacation. This lady bought lottery …
Comment by anne Randall: … camp fees for my 7 yr old twins….and one new toy …
May
3
IRS Economic Stimulus Payment Article Index
May 3, 2008 | 9 Comments
There is a 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. …
May
2
IRS Where’s My Stimulus Payment Web Page Broken?
May 2, 2008 | 527 Comments
The IRS recently launched it's Where's My Stimulus Payment 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 …
Comment by Sandy W.: … it states on the IRS website, that the return has to be …
May
1
IRS Where's My Stimulus Payment Web Page
May 1, 2008 | 216 Comments
The IRS has created a new web page to help you track the status of your stimulus payment. This should help answer a lot of those "where's my stimulus payment" questions.
The web page is located on the IRS web site. Here is the link to the Where's My Stimulus Payment? page.
You will need 3 pieces of information to track your stimulus payment. You need your social security number, your …
Comment by Chris: …
May
1
How do you define fiasco ? One definition might be the Economic Stimulus Payment from the IRS and the H&R Block Emerald Card. Those taxpayers who've filed with H&R Block and opted to get their tax refund through the H&R Block Emerald Cards are scratching their heads. Will they get their stimulus check in the mail or by direct deposit to the card.
So which is it? The answer depends on who you ask. It's been reported that H&R Block offices are telling …
Comment by Julie: I got my check on yesterday! It was a big …
Apr
30
Economic Stimulus Payment - Child Support Questions
April 30, 2008 | 246 Comments
… 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 refund and the stimulus payment. Again, the IRS will take the husbands share, the wife's share and any money for the children to pay child support. However, there is something you can do about it. See the …
Comment by Anonymous: … reading any of my comments you would have comprehended …
Apr
29
IRS Stimulus Payment Rebate Calculator
April 29, 2008 | 37 Comments
I’ve told a lot of readers with questions about the economic stimulus payment to use the IRS Economic Stimulus Payment Calculator. Specifically the payment calculator should tell you if you qualify for the stimulus payment and the amount of the stimulus payment you will receive. I decided I should try the calculator myself and see if I qualify and how much I will get.
Using the Stimulus Payment Calculator
The IRS Economic Stimulus Payment Calculator is supposed to …
Comment by Chris: … were eligible the IRS would have sent you a rebate check. …
Apr
21
PayPal is an Expensive Way to Transfer Money
April 21, 2008 | 5 Comments
… directly. Your affiliates can deposit money right into your account. For instance if you have a website that accepts advertising, the advertiser can often pay via PayPal or direct deposit. On the other hand many vendors (like web hosting providers) can accept PayPal as payment.
PayPal can function as a separate business account. You can tie your checking account to your PayPal account and have money automatically withdrawn from your checking account to make payments. You can also …