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.
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 using this application since your payment information …
May
29
Where Is My Stimulus Payment?
May 29, 2008 | 107 Comments
Waiting for your Economic Stimulus Payment ? You're not alone. Thousands of comments on this site and others indicate many people are waiting for their stimulus payment. So where are the checks?
Double Check Your Facts
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 …
Comment by billy: … have gooton my check may 16 and now its aug 13 i …
May
14
Stimulus Payment: Do My Children Qualify?
May 14, 2008 | 12 Comments
… 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 :
Additional Amounts for Qualifying Child: …
May
13
TurboTax VP Answering Your Stimulus Payment Questions
May 13, 2008 | 22 Comments
… 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 bank, Like Santa Barbara Bank And Trust (SBBT) to handle the processing. Essentially, SBBT gets the payment from the IRS and puts your money in your account, minus the fees. That's the basics anyway, …
Comment by Ronald Bilski: … should have had my check 14July08. Contacted SBBT no …
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 …
Comment by Mary Anne: … IRS put the entire stimulus check toward my back taxes. I …
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 …
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: … Look for "How to …
May
5
I've received 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 …
Comment by Amazed: … to get by. If a check comes in the mail tomorrow, I'm …
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 …