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 …
Comment by Chris: … a timely manner, the IRS should have given you your half …
May
7
… 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 too much money or too little money in 2007. Because of this they either weren't eligible for the stimulus payment …
Comment by Chris: Betty, Not unless Congress passes …
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 …
Comment by Chris: … owe any money to the government (back taxes, etc)? If …
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 …
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 …
Comment by Julie: The rebate check normally come three …
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: … As noted above, the IRS determines your rebate amount …
Mar
28
IRS Economic Stimulus Payment Details
March 28, 2008 | 243 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: Rahul, You should contact the IRS for that …
Mar
13
Protect Yourself with Credit Cards
March 13, 2008 | 6 Comments
Online purchases can be risky. Using a credit card is one sure way to mitigate the risks of making purchases online. Contrary to popular belief credit cards can be a consumer’s best friend when it comes to protecting themselves from dishonest or downright incompetent merchants, online or otherwise.
I’ve found that credit cards are your best insurance when it comes to purchases. While more than 99% of my …
Mar
9
Sitemap
March 9, 2008 | Leave a Comment
Posts Category: Banking & Money Alan Greenspan Not Laughing About Sub Prime Mortgage Mess Are Credit Unions Better Than Banks? Back To Basics Close Old Or Unused Accounts Interest Rates Increasing? Online Savings Account Rates Not Keeping Up With Inflation Putting the Blame Where It Belongs Searching for a Safe Short Term High Yield Investment Warren Buffet On the Credit Crises What Happens If We Don't Bail Out Wall Street? …
Feb
17
Death and Taxes
February 17, 2008 | Leave a Comment
As I write this article it is tax time again in the United States. A time of year that strikes fear and dread in the productive and brings glee to those “in the cart*.” Those of that that produce something will have to pay taxes. Those of us who simply exist off the system will get child tax credits and the like, basically welfare embedded in the tax system.
You may think I sound a little bitter, and I will admit this time of year …