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 provides an estimate of your stimulus payment.
Because this …
Comment by Chris: … to the government (back taxes, etc)? If not then you may …
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. Instead, I've …
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 …
Comment by Julie: The rebate check normally come three days after …
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 desktop (you bought it at BestBuy or Wal Mart and installed it on your computer) or you …
Mar
28
IRS Economic Stimulus Payment Details
March 28, 2008 | 248 Comments
The IRS has released the details on how it’s implementing the Economic Stimulus Package payments. Due to the questions I received on the previous article on the Economic Stimulus Package I’ve decided to write on article that focuses on the details of the plan. I’ll address the FAQs (frequently asked questions) that I’ve received.
The US Congress passed and President Bush signed a bill authorizing an economic stimulus payment to qualifying US citizens. …
Comment by Chris: … be affected by the stimulus payment.
Oct
22
Fed Chief Pushes for Another Stimulus Package
October 22, 2008 | 5 Comments
Ben Bernanke, Chairman of the Federal Reserve (the bank's bank) told Congress he supports another stimulus package. What does this mean for you?
In testimony before congress Bernanke said that he supported another stimulus package. President push also supported another stimulus package. However, Bush wants the new package to be "targeted, temporary and timely."
What is the Plan?
Right now the plan is still taking shape. Any stimulus plan would have to go through …
Jun
20
Retired and Veterans Need To File For Stimulus
June 20, 2008 | 2 Comments
… has accounted for all but 5 million retirees and disabled veterans who might qualify for the stimulus payment. The IRS is trying to reach this people to encourage them to get their rebate money. If you are one of these people or know someone who is, here is what you need to do to get the stimulus check.
File Taxes
In most cases it's as easy as filing taxes. Many retired people and veterans don't file taxes because their benefits are not taxable. However, for the stimulus …
Comment by Chris: … to the IRS site to check the status of their payment. If …
Jun
13
The economic stimulus payment program has been a fiasco. Hundreds of readers have shared their horror stories. You'd think the government could figure out how to get checks to people. Put the check in the mail, what's so hard about that? When government gets involved, simple things get complicated fast. If the government can't mail a check right, why would we let the government take over health care ? …
Jun
10
6 Ways to Spend Your Stimulus Money
June 10, 2008 | Leave a Comment
By now a majority of Americans have received their stimulus payments from the IRS. If you're wondering what to do with that money, I have some suggestions.
Start an Emergency Fund.
Everybody needs an emergency fund. Dave Ramsey recommends at least $1,000 until you pay off your debts then you need 3 to 6 months of income. I recommend you put as much as you can into an emergency fund. In reality $1,000 is a good start but …
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 Chris: … from your check.