Oct
22
Fed Chief Pushes for Another Stimulus Package
October 22, 2008 | 2 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 [...]
Jun
26
When Will I Get My Stimulus Check?
June 26, 2008 | 38 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 [...]
Jun
20
Retired and Veterans Need To File For Stimulus
June 20, 2008 | 2 Comments
The IRS 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 [...]
Jun
16
IRS Withholds $842 Million in Stimulus Payments
June 16, 2008 | 15 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 [...]
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. [...]
May
31
Week In Review - May 31, 2008
May 31, 2008 | Leave a Comment
It was a short week due to the Memorial Day Holiday. We continued our coverage of the economic stimulus payment.
Tuesday
I talked about divorce and the stimulus package. Specifically what happens if you get divorced after filing jointly and the IRS sends a check in both your names.
Wednesday
I advised readers to deal with IRS [...]