Posts tagged as:

economic stimulus

Modified Version of Stimulus Bill Passes House

28 January 2009

If this was to the be dawn of a new era of bipartisanship, it didn’t look like it today. President Obama’s stimulus package, a modified version of the original $825 billion plan, shaved off a few billion and still did not manage to get one Republican “yes” vote in the House. The final vote was [...]

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Ask the taxgirl: Should I Wait on Obama to File My Taxes?

20 January 2009

Taxpayer asks: Obama is saying he wants to give us tax breaks retroactive to 2008. Should we wait to do our taxes until we see what he is going to do? Thanks, Taxgirl says: Don’t wait to file! The current proposal being offered by the House doesn’t offer any credits or tax breaks retroactive to [...]

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At Least One Source of Misleading Rebate Check Stories Identified

20 January 2009

Remember this question from a reader asking about a second stimulus check? She said that she had recently heard on the news that there would be a second stimulus check in February. I received a slew of similar of similar emails from folks swearing that the news had reported that a second stimulus check was [...]

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Ask the taxgirl: Don’t Look for a Second Rebate Check in the Mail!

19 January 2009

Taxpayer asks: I saw on the news that we will have a second check in February. I can’t find it again. Can you help? Taxgirl says: Wow. Just wow. I’ve received a slew of similar emails over the weekend. I don’t know where this info is coming from – or what news program might have [...]

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Democrats Offer Up Version of Tax Bill

17 January 2009

Remember when I said that it was going to be a long January? I wasn’t kidding. Just before the long break, Democrats in the House revealed their tax plans as part of a new stimulus package. And if you’re expecting a quick “yes” vote, don’t hold your breath. The plan includes a whopping $275 billion [...]

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Vote on Stimulus Package Set for After the Inauguration

9 January 2009

This week, it was announced that the total job losses for 2008 were more than 2.6 million, the highest since 1945. It was no surprise, then, that Congress is rushing to approve a much touted economic stimulus package. Speaker Nancy Pelosi has said that she expected a House on the matter the week after Obama’s [...]

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Who Else Wants a Bailout?

8 January 2009

So let’s see. AIG gets a bailout. Banks get a bailout. The Big 3 automakers get a bailout. Who’s next? If Larry Flynt and our old friend and alleged tax evader Joe Francis have their way, it would be porn. Flynt and Francis have penned a (no jokes, please, remember that my mom is reading) [...]

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Obama Proposes Tax Cuts: What’s In It For You?

6 January 2009

Oh, it’s going to be a long January… President Elect Barack Obama has proposed tax cuts for individuals and small businesses as part of his massive economic stimulus package. The price tag on the cuts? About $300 billion. With a b. Don’t get too excited just yet. These are just proposed cuts. There’s a lot [...]

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Ask the taxgirl: Recovery Rebate Credit

4 January 2009

Taxpayer asks: my friends told me that the IRS is deducting the stimulus check money from your 08 return! I thought it was free money! And now we have to give it back? Taxgirl says: Deep breaths. You don’t have to give it back. Here’s the confusion… The last set of stimulus checks in 2001 [...]

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

3 January 2009

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 [...]

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