Posts tagged as:

economic stimulus

Calculating the Making Work Pay Credit

2 February 2010

I’ve received a bunch of questions about the Making Work Pay Credit. I agree – it is confusing. Let me see if I can make some sense of it for you. To keep things simple, I’m doing this in two posts. This first post will assist you in calculating the credit and completing Schedule M. [...]

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Wait? We Have Manufacturing in This Country?

16 February 2009

One of the most controversial measures in the soon-to-be-law American Recovery and Reinvestment Act of 2009 has nothing to do with tax cuts, earmarks or CEO pay caps. But the inclusion of one little sentence has set off a firestorm of complaints all over the world. The sentence? None of the funds appropriated or otherwise [...]

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Economic Stimulus Plan Is (Almost) Law: What Made the Cut?

16 February 2009

It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something. – Franklin D. Roosevelt Clearly, something isn’t working in America. With mounting job losses, creeping retail sales, record foreclosures, it was clear that something had to change. What wasn’t abundantly [...]

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Ask the taxgirl: Do I Need to Do Anything to Claim the Rebate?

10 February 2009

Taxpayer asks: I recently did my taxes through Turbo tax and during the process Turbo tax informed me that I qualify for a rebate of $300.00 (stimulus payment) beings I did not work 2007 and missed out on the 2008 rebate. Here is what turbo tax said “your situation has changed, and you qualify for [...]

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Housing Credit Bill Survives Debate (Psst, I Still Don’t Like It)

9 February 2009

As of this evening (Monday), it seems that the Senate version of the housing bill will make it intact to the vote on tomorrow. And you know that I’m not a fan. I promised that I’d explain why I think it’s a bad idea. It’s taken a few extra days (yes, a plague of biblical [...]

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Slight Majority of Americans Favor Stimulus

9 February 2009

As the stimulus plan works its way through the Senate, it appears to be losing popularity among US taxpayers. At the end of 2008, taxpayers were clamoring for a stimulus package, although there was not a lot of agreement as to what should be included. So Congress and President Obama went to work. What has [...]

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Looking for Bank Bailout News?

9 February 2009

You won’t get it today. Newly confirmed Secretary of the Treasury Timothy Geithner was slated to announce details of the revised bank bailout plan on today but that’s not going to happen. The Treasury is moving the planned speech ahead to tomorrow in order to focus on the economic stimulus bill. The bill is being [...]

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Vote on Stimulus Bill Expected on Monday

7 February 2009

Senate Majority Leader Harry Reid (D-NV) has indicated that the newly “trimmed” stimulus package will go to a vote in the Senate on Monday. The bill now costs approximately $827 billion. You would have thought that the Senate had found the cure for cancer, as they congratulated each other for finally agreeing on something. They [...]

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Fix The Tax Code Friday: Economic Stimulus Package

30 January 2009

It’s Fix the Tax Code Friday! We’ve been talking about the proposed economic stimulus package for weeks now. It’s seems like everyone has an opinion about what should be included – and what should be left out. Today’s Fix the Tax Code Friday question is: What would you like to see included in a final [...]

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Ask the taxgirl: Do I Qualify for the Recovery Rebate Credit?

29 January 2009

Taxpayer asks: We were granted the full rebate but granted a partial rebate as that the difference was applied to IRS taxes owed, would we recive that difference this year? Second question, my son did not work in 2007, worked in 2008, he is a dependent/student on my return, can he file for the rebate. [...]

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