Comments on: Economic Stimulus Plan Is (Almost) Law: What Made the Cut? http://www.taxgirl.com/economic-stimulus-plan-is-almost-law-what-made-the-cut/ Paying taxes is painful... but reading about them shouldn't be. Sat, 21 Nov 2009 20:16:58 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: No April Fool’s: Stimulus Withholding to Begin April 1 | taxgirl http://www.taxgirl.com/economic-stimulus-plan-is-almost-law-what-made-the-cut/comment-page-1/#comment-9037 No April Fool’s: Stimulus Withholding to Begin April 1 | taxgirl Sun, 22 Feb 2009 01:54:19 +0000 http://www.taxgirl.com/?p=2597#comment-9037 [...] I’ll post more details as they are made available. For more information about the credit and other stimulus package tax breaks, check out my prior article on the stimulus bill. [...] [...] I’ll post more details as they are made available. For more information about the credit and other stimulus package tax breaks, check out my prior article on the stimulus bill. [...]

]]> By: Sarah http://www.taxgirl.com/economic-stimulus-plan-is-almost-law-what-made-the-cut/comment-page-1/#comment-8987 Sarah Wed, 18 Feb 2009 23:38:27 +0000 http://www.taxgirl.com/?p=2597#comment-8987 I am a graduate student with a stipend from the university. I pay income tax, but am exempt from payroll taxes/FICA. My husband pays self-employment tax on part of his income. Since I keep seeing the Making Work Pay credit associated with payroll tax, and I don't pay any payroll tax, I was wondering if we would qualify to take the credit at the $800 level or only the $400 level if we file jointly. I am a graduate student with a stipend from the university. I pay income tax, but am exempt from payroll taxes/FICA. My husband pays self-employment tax on part of his income. Since I keep seeing the Making Work Pay credit associated with payroll tax, and I don’t pay any payroll tax, I was wondering if we would qualify to take the credit at the $800 level or only the $400 level if we file jointly.

]]> By: Gay Hollis http://www.taxgirl.com/economic-stimulus-plan-is-almost-law-what-made-the-cut/comment-page-1/#comment-8982 Gay Hollis Wed, 18 Feb 2009 19:43:30 +0000 http://www.taxgirl.com/?p=2597#comment-8982 In regards to the stimulus package and jobless benefits, does this mean that current unemployment benefits will be extended? With more and more jobs being terminated, the amount of people fighting for jobs makes it so difficult to find work. How does this package help? In regards to the stimulus package and jobless benefits, does this mean that current unemployment benefits will be extended? With more and more jobs being terminated, the amount of people fighting for jobs makes it so difficult to find work. How does this package help?

]]> By: Sarah http://www.taxgirl.com/economic-stimulus-plan-is-almost-law-what-made-the-cut/comment-page-1/#comment-8976 Sarah Wed, 18 Feb 2009 07:00:04 +0000 http://www.taxgirl.com/?p=2597#comment-8976 While there are many legitimate criticisms (and skepticisms) regarding whether this approach will truly help to get out of this mess, just carefully reading the summary (thanks Kelly!) will show you where the "stimulus" would be.... the various tax provisions nearly all give some people more some $$- expanded tax credits, changes to withholding tables, $$ for retirees, increase in EIC, etc. etc. Not to mention the roughly 65% of the $$ allocated going to direct expenditures including the infrastructure projects. That's the 'stimulus" folks! Read before you type, please. Now, will it work? I have no idea, but people, please because you don't see a big fat check coming directly to you doesn't mean this won't pump $$ into the economy. Yup, it's a democratic party centric bill-- but they won the election didn't they? I wonder what would be different under a Republican administration- I would guess...nothing. While there are many legitimate criticisms (and skepticisms) regarding whether this approach will truly help to get out of this mess, just carefully reading the summary (thanks Kelly!) will show you where the “stimulus” would be…. the various tax provisions nearly all give some people more some $$- expanded tax credits, changes to withholding tables, $$ for retirees, increase in EIC, etc. etc. Not to mention the roughly 65% of the $$ allocated going to direct expenditures including the infrastructure projects. That’s the ’stimulus” folks! Read before you type, please. Now, will it work? I have no idea, but people, please because you don’t see a big fat check coming directly to you doesn’t mean this won’t pump $$ into the economy. Yup, it’s a democratic party centric bill– but they won the election didn’t they? I wonder what would be different under a Republican administration- I would guess…nothing.

]]> By: Clint Athey http://www.taxgirl.com/economic-stimulus-plan-is-almost-law-what-made-the-cut/comment-page-1/#comment-8974 Clint Athey Wed, 18 Feb 2009 04:19:15 +0000 http://www.taxgirl.com/?p=2597#comment-8974 Kelly, Regarding, "6, Child Tax Credit Income Limit Lowered. The income threshold for eligibility for the child tax credit will be lowered to $3,000. That means that families will begin qualifying for the credit (up to $1000) at each dollar earned over $3,000. This temporary reduction is only applicable for 2009 and 2010." did you mean the "refundable" additional credit. That is, the 15% of amount of earned income above... now $3000 instead of 8500? thanks, CLint Kelly,

Regarding, “6, Child Tax Credit Income Limit Lowered. The income threshold for eligibility for the child tax credit will be lowered to $3,000. That means that families will begin qualifying for the credit (up to $1000) at each dollar earned over $3,000. This temporary reduction is only applicable for 2009 and 2010.” did you mean the “refundable” additional credit. That is, the 15% of amount of earned income above… now $3000 instead of 8500? thanks, CLint

]]> By: Phoenix http://www.taxgirl.com/economic-stimulus-plan-is-almost-law-what-made-the-cut/comment-page-1/#comment-8969 Phoenix Tue, 17 Feb 2009 22:52:18 +0000 http://www.taxgirl.com/?p=2597#comment-8969 Are there more small business breaks in the stimuli, particularly relating to new hire credits? I would consider that one of the more important tax breaks. Well, that and completely overhauling the AMT... Are there more small business breaks in the stimuli, particularly relating to new hire credits? I would consider that one of the more important tax breaks. Well, that and completely overhauling the AMT…

]]> By: Gary C. http://www.taxgirl.com/economic-stimulus-plan-is-almost-law-what-made-the-cut/comment-page-1/#comment-8947 Gary C. Tue, 17 Feb 2009 01:40:26 +0000 http://www.taxgirl.com/?p=2597#comment-8947 I guess the next step for Americans is to see where in the world we can move to get out of this politically imposed finical mess. Where did our Republic,democratic government go? I think the doomsday clock is well on its way to ticking down to 2012, the year of the professed end of this country. Fully expecting to see a convincing rise in the cost of fuel and materials as soon as this is signed into law. Greed will win the day again, and regular folks will look on in dismay. Its looks to me like the folks that have thier credit cards wracked up to the hilt are running the country and now insist we do this as a nation to live...... Registered Democrat who didn't see change,just much worse political financial guidance. I guess the next step for Americans is to see where in the world we can move to get out of this politically imposed finical mess.
Where did our Republic,democratic government go?
I think the doomsday clock is well on its way to ticking down to 2012, the year of the professed end of this country.
Fully expecting to see a convincing rise in the cost of fuel and materials as soon as this is signed into law. Greed will win the day again, and regular folks will look on in dismay.
Its looks to me like the folks that have thier credit cards wracked up to the hilt are running the country and now insist we do this as a nation to live……

Registered Democrat who didn’t see change,just much worse political financial guidance.

]]> By: Skip McQuaid http://www.taxgirl.com/economic-stimulus-plan-is-almost-law-what-made-the-cut/comment-page-1/#comment-8946 Skip McQuaid Mon, 16 Feb 2009 23:45:58 +0000 http://www.taxgirl.com/?p=2597#comment-8946 Congratulations!! - I gave up after the second page but actually lost any idea of what I was reading somewhere on the first page. But where is the stimulus part - you know, the part that gets the consumer to spend on items that will boost the economy and not on paying their electric bill or their mortgage payment or such. Maybe I simply can't comprehend what the smartest people in the universe have done. Yep, I must be missing something. Skip McQuaid Registered stupid person Congratulations!! – I gave up after the second page but actually lost any idea of what I was reading somewhere on the first page. But where is the stimulus part – you know, the part that gets the consumer to spend on items that will boost the economy and not on paying their electric bill or their mortgage payment or such. Maybe I simply can’t comprehend what the smartest people in the universe have done. Yep, I must be missing something.

Skip McQuaid
Registered stupid person

]]> By: Oran Spotts http://www.taxgirl.com/economic-stimulus-plan-is-almost-law-what-made-the-cut/comment-page-1/#comment-8944 Oran Spotts Mon, 16 Feb 2009 23:01:34 +0000 http://www.taxgirl.com/?p=2597#comment-8944 What ever happened to FREE ENTERPRISE? If you can't stand the heat, get out of the kitchen. Why are we bailing the idiots out and letting them continue to operate as business as usual? The bail out package is just asinine and much to big. Oran Spotts Registered Democrat (For now) What ever happened to FREE ENTERPRISE? If you can’t stand the heat, get out of the kitchen. Why are we bailing the idiots out and letting them continue to operate as business as usual?
The bail out package is just asinine and much to big.

Oran Spotts
Registered Democrat (For now)

]]> By: Andrew Harris http://www.taxgirl.com/economic-stimulus-plan-is-almost-law-what-made-the-cut/comment-page-1/#comment-8938 Andrew Harris Mon, 16 Feb 2009 21:10:03 +0000 http://www.taxgirl.com/?p=2597#comment-8938 So you're the one who actually reads legislation? Nice summary. Do you know of any comprehensive summaries about how the new (soon-to-be) law will specifically affect small businesses? So you’re the one who actually reads legislation? Nice summary. Do you know of any comprehensive summaries about how the new (soon-to-be) law will specifically affect small businesses?

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