Posts tagged as:

economic stimulus plan

A refund? What are you spending it on?

11 April 2008

Thirty-five percent of taxpayers who expect to receive a tax rebate this year plan to use the money to pay utility, credit card, housing or other bills. This is according to an AP/AOL Money & Finance poll. Those numbers are up a few points from the twenty-seven percent who made the same statements a year [...]

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Ask the taxgirl: Rebate Order

1 April 2008

Taxpayer asks: In may the refunds will be going out according to the last two digits of the SS#. If you filed jointly who SS# do they go by and by direct deposit do they mean your weekly paycheck or your income tax rebate? Thanks for your time. Taxgirl says: The rebates will be processed [...]

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Tax Rebate Super Bowl Commercial Contest

31 March 2008

In consideration of the news that it’s costing us as much to promote and process the rebate checks as the combined Super Bowl advertising budget for the Patriots-Giants game, I’m launching a contest! Your challenge is to promote the economic stimulus plan via print, podcast or video. You can be as serious or as cheeky [...]

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Why Didn’t IRS Just Buy Super Bowl Commercials?

30 March 2008

As it turns out, the economic stimulus plan is costing us even more money than the $100 billion being mailed out “for free” to Americans. At least $200 million more. Here’s the scoop: The letter that was mailed to you that advises that you might be eligible for a refund cost the IRS $42 million. [...]

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Ask the taxgirl: Liabilities and Rebates

26 March 2008

Taxpayer asks: If you owe the unemployment office 1500.00 of being over charged benefits do I still qualify for the check or do they keep my money? Taxgirl says: Unemployment is a state obligation unrelated to income tax. It is my understanding that your check can be reduced for federal or state income taxes or [...]

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Ask the taxgirl: 1099s, 1040s and Rebate Checks

24 March 2008

Taxpayer asks: I have 3 kids and this is my first year filing a 1099. Am I able to claim dependents on a 1099 misc and get a refund? Taxgirl says: There is a distinction between a form 1099 and a form 1040. There are several different types of forms 1099 – you can read [...]

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Ask the taxgirl: More rebate questions

4 March 2008

Taxpayer asks: I keep hearing all different kinds of stories about this money that we are to be expecting in May. I have heard that this is coming out of our tax returns in 2008, I’ve heard that it’s not. I’ve also heard that if I’m married we get 600.00 for the both of us [...]

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Money for Nothing and Your Checks For Free: Is There Something More to Tax Rebates?

24 February 2008

It sounds almost too good to be true, no? Just for filing a tax return, our government will hand over a check to you. It is, after all, merely a means of getting money into the hands of everyday Americans to stimulate the economy. Right? I received an email over the weekend with one simple [...]

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Ask the taxgirl: Medicaid and Rebates

22 February 2008

Taxpayer asks:Would my Mother who is on Medicaid and in a nursing home – be eligible for the stimulus payment? The money would be deposited into her checking account to help by for “extra” things for her at the nursing home. She doesn’t file because the only source of income is SS – 14,300.00. Out [...]

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Free Money from the Government!

19 February 2008

I’ve received a number of questions over the past few days about the tax rebates slated to be mailed out in May. Most of the questions focus on the question of where the rebates come from and how they affect your liability or refund for 2007. The short answer is that the rebates should not [...]

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