Jun
4
Stimulus Payment Notification - What Does It Say?
June 4, 2008 | 15 Comments
… amount of your stimulus payment is $600. "Qualifying Income" refers to wages, net earnings from self-employment that is includible in taxable income, Social Security benefits, certain tier 1 Railroad Retirement benefits, certain disability compensation, disability pension or survivors' benefits received from the Department of Veterans Affairs, and nontaxable combat pay (if it was listed on your tax return).
Qualifying Children
The calculation is based on the number of qualifying …
May
6
… add together the following amounts:
* Wages that are reported on Form W-2.
* Net self-employment income that is taken into account in computing taxable income.
* Social Security benefits reported in box 5 of the 2007 Form SSA-1099 you received in January 2008. If you don’t have this form, you can estimate your annual benefit by multiplying your monthly benefit by the number of months (usually 12) you received benefits during 2007.
* Certain Railroad Retirement …
Apr
17
IRS Stimulus Payment - Questions and Answers
April 17, 2008 | 377 Comments
… You have to show at least $3000 of income on your tax return. This income can be from wages, self employment, Social Security benefits, VA benefits or combat pay.
If you meet the criteria above, you automatically qualify for the minimum $300 payment. To qualify for more, you had to pay taxes to the government.
The amount you receive over the base amount of $300, is based on your tax liability. If you had more than a $300 tax liability (you paid more than $300 in taxes) then …
Apr
14
IRS Stimulus Payment: How Much Will You Get?
April 14, 2008 | 41 Comments
… least $3000 in qualifying income to receive a payment. If you earn at least $3000 from a job or self employment, combat pay, railroad retirement or Social Security, you should qualify.
Social Security Disability or Retirement and Vet Benefits
If you receive Social Security (SSI) or Veteran’s (VA) benefits you can count the income towards your stimulus payment. However, you need to file a tax return even if you normally do not. You need to file a return so the IRS can determine …
Feb
9
Small Stuff
February 9, 2008 | 2 Comments
… sorry but if your problem involves your utility expenses you need to run not walk to the nearest employment office. If your having problems with your utilities then you are probably disabled, elderly or in some other condition that prevents you from earning a living. Believe me these people and these conditions exist, but if you’re able to operate a computer and read this site you can probably earn a living somewhere and somehow.
This latest example of “small stuff” is just one of …
Jan
11
Stages of Life
January 11, 2008 | 1 Comment
… stages of life? Whereas the Hindu stages of life are very much related to religion, we find our self in a society where religion is playing a much smaller role in our lives. In previous generations religious events marked milestones in a persons life. This was one of the ways people passed through the stages of life with baptism, communion, confirmation, wedding and then death rites. We however must find a more secular way of defining the stages of life.
Stage One: The Student …
Jan
4
Don't Buy Stocks
January 4, 2008 | 1 Comment
… do this all the time. They buy insurance the put in place stringent screening processes for employment and credit granting. Companies seek to decrease risk and you should to. First you have to understand risk. I was constantly lecturing my buddies in the late nineties about the ability of a stock to become worthless. These were finance and economics majors but they were all caught up in the bubble. Every investment seemed to turn to gold. Until that is Washington Mutual went …
Jul
14
… might not matter.
Always use a credit card. Dave Ramsey won't like it, but you'll save yourself some hassle.
Ask when you will be billed. When you make the reservation, ask the representative when you will be billed. Most of the time hotels won't bill you until you check out, however some hotels will charge you right away.
When you check in, ask the clerk what the hotel policy is on credit card/debit card holds. If they can't tell you, ask to speak to the manager, you …
Jul
11
What Happens to My Stimulus Check If I Move?
July 11, 2008 | 2 Comments
… p.m.
1-800-829-1040
In Person
You'll have better luck going to the IRS office yourself. You can find your local IRS office on the IRS.gov "Contact My Local Office" page.
Jul
9
The Stimulus Payment Was a Ridiculous Political Stunt
July 9, 2008 | 4 Comments
… on overtime? What about the cost of printing and sending the checks themselves?
The bill itself cost taxpayers $152 billion. However, it just shifted government money from other programs. So in reality there is no net gain to the economy.
In the end, the Economic Stimulus Package of 2008 was a political stunt. An attempt to bribe voters in an election year. I hope voters, especially those that had problems with the stimulus payment, remember this lesson when the …