Mar
26
Your Economic Stimulus Payment
March 26, 2008 | 34 Comments
… decided to give you back some of your money. President Bush and the Congress passed the Economic Stimulus Act of 2008. Every tax payer gets up to a $600 rebate. The rebate goes up to $1200 if you are filing jointly and you could possibly get another $300 for each qualifying child.
While I’m all in favor of getting my money bank from a corrupt and ineffective bureaucracy, I have to take issue with the cost. You may think I’m talking about the cost of the rebate itself. While …
Nov
25
No Stimulus Checks Yet
November 25, 2008 | 5 Comments
Many people have asked about the status of another stimulus check. What is the status of another payment? Are we likely to see another stimulus package?
The short answer is probably not. The first stimulus check took a massive effort.
The stimulus check helped a lot of people catch up on bills, spend frivolously on toys and gadgets and some others just went on vacation and got drunk.
I think lawmakers are hesitant to pass another …
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 Congress and the …
Jul
11
What Happens to My Stimulus Check If I Move?
July 11, 2008 | 8 Comments
Expecting your stimulus check but you've moved since you've filed your taxes ? There are a few things you need to do to make sure you get your stimulus payment.
According to rumors on the internet, the post office is not supposed to forward mail from the IRS. However I have yet to find an authoritative source that supports this.
If you've moved since filing your return, you should put in a change …
Jun
26
When Will I Get My Stimulus Check?
June 26, 2008 | 40 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 schedule below. Most people …
Comment by Chris: … or more than your stimulus payment you won't get a check. …
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: … status of their payment. If you can't find the status …
Jun
16
IRS Withholds $842 Million in Stimulus Payments
June 16, 2008 | 17 Comments
If you're missing your stimulus check, you're not alone. The IRS is withholding $842 Million from stimulus payments. How do you know if you're stimulus payment will be withheld?
According to this CNN/Money article, stimulus payments have been withheld from 1.5 million people. Over 50% of the money has gone for back child support .
About 54% of the cash intercepted will be funneled to states for …
Comment by Chris: …
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
3
What Does the Stimulus Notification Letter Look Like?
June 3, 2008 | 4 Comments
If you're still waiting for your stimulus payment, you'll want to be on the look out for a notification letter from the IRS. I just got mine. I decided to scan it in so you'd know what to look for.
Here it is in all its government envelope glory:
I've scanned in the letter I received also, but I'll upload that later. I need to read it over first. I'll post the text of the letter once I've scanned it in.
Make …
Comment by Chris: …