Jul
21
How Long Should I Keep Credit Card Statements?
July 21, 2008 | 1 Comment
Have a pile of credit card statements? Find out how long you need to keep your old statements and why. When deciding what financial records to keep and what to throw away, there are several important criteria. Do you use your credit card for business expenses? Do you have any tax deductible purchases? If you [...]
Jun
26
When Will I Get My Stimulus Check?
June 26, 2008 | 66 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 [...]
May
12
The economic stimulus package payments are on their way to millions of Americans. The IRS has gone out of it's way to ensure everyone knows about it. Those with low incomes can file their taxes online for free just to qualify for the stimulus payment. But what if you make too much and how much [...]
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 [...]
May
8
Is the Economic Stimulus Payment Taxable Income?
May 8, 2008 | 12 Comments
Is the economic stimulus payment (rebate) considered taxable income? A few readers have asked that question so I figured I'd address it. Economic Stimulus Payment is NOT Taxable Income The simple answer is that the economic stimulus payment (rebate) is not considered taxable income by the IRS. So you won't have to count the stimulus [...]
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 [...]
Apr
30
Economic Stimulus Payment – Child Support Questions
April 30, 2008 | 318 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 [...]
Apr
16
File Your Taxes Online For Free
April 16, 2008 | 3 Comments
You may qualify to file your taxes online for free. As long as your income doesn’t exceed the limit you can file your taxes online without a fee or charges of any kind. This is especially useful for people that are only filing their taxes to get the stimulus payment. If your adjusted gross income [...]
Apr
14
IRS Stimulus Payment: How Much Will You Get?
April 14, 2008 | 46 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 [...]