News about the 2008 Bush tax rebate. Congress has supported a tax refund, check back to see what you have to do to receive yours, and when you can expect your check in the mail.
Last year the IRS was besieged by telephone calls regarding treatment of the 2008 economic stimulus payments. Complicating matters even further was the fact that some people who did not get a stimulus payment may still be due one, as this article by Anthony Ventre explains. It remains to be seen whether the Obama administration’s attempt at a stimulus will cause similar confusion, but it’s interesting to see how messy and complicated income taxes have become.
There were so many questions... Read Full Story
2008 Tax Rebate Checks Who Gets What and When? Starting May 2, some 130 million U.S. families and individuals will be getting tax rebate checks from the Internal Revenue Service (IRS). Here you will find answers to many of those questions, as well as resources from the IRS to help you understand the tax rebate. Where's My Rebate? Find Out Here The IRS has just created a handy online tool where you can check the status of your 2008 Tax Rebate payment. IRS Announces Tax Rebate Schedule... Read Full Story
The speed to file early this year is being induced by the tax rebate stimulus package. You must file a return in order to get the rebate that is due come in May of 2008. However, about 8% or so million taxpayers will not file by April 15th due to many reasons- including not having all of their tax information. A fallout of this is that some people need to file an extension to properly gather their information needed to file their return. The IRS accumulates all information statements on... Read Full Story
The 2008 tax rebate is triggered from filing a 2007 tax return. However, some taxpayers do not have to file a return due to not meeting the income thresholds. If taxpayers follow the normal course of non-filing (as they are legally justified in doing), they will disqualify themselves from receiving the 2008 tax rebate (i.e. the stimulus package). To alleviate this and to put taxpayers on notice, the IRS has put out press releases and has developed a special Form 1040A for those who do not... Read Full Story
A fond “thank you” to my ol’ buddy Matt in Georgia for sending me this email. This is great…and the sad part is that it’s true. Enjoy!
President George Bush said each one of us would get a $600.00 tax rebate. It was previously slated to be $800.00, but they dropped it to a $600.00 tax rebate because of various budget problems.
Now, if we spend that money at Wal-Mart, all the money will go to China, if we spend it on computers, most of the money will go to Korea or India. If we spend it... Read Full Story
When can you expect your money? That is one of many questions being asked about the 2009 economic stimulus rebate check. There are so many topics to consider. Let’s start with eligibility.
Did you receive an economic stimulus check in 2008? Did you receive the full amount? If you answered no to either of those questions then, you may still have a chance to get a check into your pocket. If you did receive a rebate and can’t remember the amount, you can go to the IRS website to find out... Read Full Story
Starting in late April, the Treasury began sending economic stimulus payments to more than 130 million households.
How can you receive stimulus payment?
You must have a valid Social Security number
Earn $3,000 of income
File a 2007 federal tax return.
Economic stimulus payments will continue on a weekly basis through July as eligible people will receive up to $600 ($1,200 for married couples), and parents will receive an additional $300 for each eligible child younger than... Read Full Story
The jury is still out on whether China’s massive infrastructure-based stimulus package is the best way to rescue the economy. But Martin Hutchinson says it is great news for suppliers of raw materials. He picks 5 companies that will benefit from the injection of cash. Of those, Martin says Brazil’s iron ore producer Vale (ADR: RIO ) is the best value buy.
This from Money Morning :
The $585 billion (RMB4 trillion) stimulus package that China announced Sunday may or may not help China’s... Read Full Story
I was hoping to receive my stimulus check this month to help pay off some of my collection debt and present some very nice numbers. Unfortunately, it seems as if there is a downside to doing your taxes online. I did my taxes with TurboTax.com, and they sent me this update regarding my rebate:
Recently, you may have received a letter from the IRS advising you when to expect your Economic Stimulus Payment (rebate). That IRS letter may have inadvertently left off some important information... Read Full Story
