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 …
Comment by Julie: The rebate check normally come three …
Apr
30
Economic Stimulus Payment - Child Support Questions
April 30, 2008 | 246 Comments
Many questions about the Economic Stimulus Payment keep coming up. Some of the most common involve child support. The questions fall into two 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 …
Comment by marsha: I posted awhile back on this …
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 …
Comment by Bob Meighan: Tina… As noted above, the IRS …
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 …
Comment by Chris: Linda, All you had to do was file your …
Apr
28
Bush Announces Faster Payment Schedule for Stimulus Payments
April 28, 2008 | 351 Comments
President Bush announced that stimulus payments will be issued faster than previously announced. Tax filers who chose direct deposit can start receiving their payments as soon as April 28th.
I've updated the payment table from my original article on the stimulus payments below. You'll notice that the last payment coincides with the Independence Day holiday, a coincidence I'm sure. …
Comment by Chris: Sylvia, please contact the IRS for that …
Apr
17
IRS Stimulus Payment - Questions and Answers
April 17, 2008 | 418 Comments
I’m still surprised by the number of questions readers have been asking about the economic stimulus payment. Here are a few of the most frequently asked questions with answers. As always, if you have a question, make sure you ask it in the comments section following the article.
Can I Change my Direct Deposit Information?
The IRS says that you can only change your direct deposit …
Comment by Chris: … and Representative. Ultimately any spending has to go …
Apr
14
IRS Stimulus Payment: Direct Deposit Questions
April 14, 2008 | 216 Comments
You have to fill out the direct deposit section on the tax return to get the stimulus payment directly deposited.
Q. Can I have my Stimulus Payment direct deposited?
A. Stimulus Payments will be direct deposited for taxpayers who select that option when filing their 2007 tax returns. Taxpayers who already filed and requested direct deposit won't need to do anything else to receive the Stimulus Payment. …
Comment by lawka: sounds like you're out of luck my dear. if …
Apr
14
IRS Stimulus Payment: How Much Will You Get?
April 14, 2008 | 41 Comments
I’ve received a huge number of questions over the IRS stimulus payments. One of the most frequently asked questions is: How much will I get? Most of the questions I’ve received come from people on disability, retirement or in other lower income situations.
Please see my article on the stimulus payment details for general questions on the payment.
First of all you may qualify for a …
Comment by Chris: Phil Elewski, The payment is based on …
Apr
11
Today is Last Day to Change Stimulus Payment Direct Deposit
April 11, 2008 | 11 Comments
If you need to change your direct deposit option the IRS says today is the last day to do it.
You can contact the IRS before the week of April 13th. That means you have rest of today to get it done.
Q. Is there something I can do to prevent my Stimulus Payment from being automatically deposited into the account that I identified for the Direct Deposit of my regular refund?
A. Generally, if …
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 …
Comment by Chris: Jessica Caldwell, That's incorrect. Her …