Posts tagged as:

rebate

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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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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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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Top Ten Tax Stories of 2008: The World According to taxgirl

31 December 2008

It’s time for our annual review! Here are my picks for the top stories on taxgirl.com for the year: 10, Dancing With The Stars champ and race car driver Helio Castroneves is indicted on federal tax evasion charges. In a related story, my mother is stricken with grief and may never samba again (okay, I’m [...]

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Is A Second Economic Stimulus Package On Its Way?

11 October 2008

I indicated earlier that I didn’t think that a second economic stimulus package would be considered until after the elections – and it looks like that is, in fact, the case. I’m actually still confident that any stimulus package which includes “tax rebates” would not result in checks being mailed out until the new year. [...]

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Second Checks from IRS NOT Part of Additional Stimulus Package

5 October 2008

Lately, there have been a number of emails and comments regarding the possibility of a second stimulus package. You can read what I had to say about it earlier here and here (I stand by my original posts). There were some good follow-up questions in the comments – but it struck me that not everyone [...]

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Economic Stimulus Didn’t Help Us, Most Small Business Owners Say

22 July 2008

Despite the fact that former Sen. Phil Gramm thinks that Americans are merely in a “mental recession”, a survey conducted by Suffolk University seems to imply otherwise. More than 80% of those surveyed (all small business owners from across the country with 100 employees or less) believe the country is in an actual economic recession. [...]

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Stimulus Checks Not Encouraging Consumers to Spend

16 July 2008

Despite the billions of dollars (with a b) which are suddenly floating around our economy, courtesy of the federal government in the form of a stimulus packge, June retail industry sales didn’t move much at all. The National Retail Federation reported that retail sales last month edged up 0.2% over May. Retail sales figures do [...]

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Who Benefitted From the Economic Stimulus Plan?

30 June 2008

Who really benefitted from the economic stimulus plan? Tax professionals for sure. H&R Block, the nation’s largest tax preparer service, reported a banner quarter. The company prepared taxes for over 23.5 million clients – due largely to the rush for rebate checks. This means that H&R Block posted a profit this quarter, which was good [...]

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