Ask the taxgirl: Stimulus Checks (once more, with feeling)

January 3, 2009 · 0 comments

Taxpayer asks:

there is a lot of talk that we the people will be getting another stimulus check. Is that true?

Taxgirl says:

I know that folks want the answer to this question to be different… I know this because I receive several variations on this question per day – including a recent email from a reader berating me for not “being fair” because I won’t give her a second stimulus check. Folks, I don’t make the policy, I just report it!

But the answer is no. So far, there is no plan for an additional stimulus check.

Specifically, President Elect Obama just released more information about his upcoming economic stimulus plan – and while there are plans for tax credits (the specific details are still being worked out) – there was no mention of an additional check. Buzz words like “tax credits for working families” have been bandied about, words which may find their way onto 2009 tax forms (if they hurry), but so far, the stimulus package largely focuses on jobless benefits, Medicare and infrastructure.

So, no check. Not yet. If this changes, I swear, you’ll be the first to know. Ok, not really the first. But as darn close as I can get.

Like any good lawyer, I need to add a disclaimer: Unfortunately, it is impossible to give comprehensive tax advice over the internet, no matter how well researched or written. Before relying on any information given on this site, contact a tax professional to discuss your particular situation.

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