Posts tagged as:

stimulus check

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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Obama Team Finalizing Stimulus Package: Still No Check

23 December 2008

Barack Obama may not yet be in office but his economic team is already plugging away at an economic stimulus package. According to Vice President Elect Joe Biden, the package will include investments in health care, energy, education and infrastructure. The stimulus package has been touted as providing relief for the jobless and the middle [...]

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CNN Readers Want More Stimulus Checks

11 December 2008

CNN readers seem to think that Obama should focus dollars on more stimulus checks instead of infrastructure. Check out these recent poll results (as of 12/11/08 11:06am): Of course, my money’s on infrastructure improvements a la FDR. My best guess is that Obama’s team will advise that the job market – not the consumer market [...]

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Does the IRS Know Where You Live?

29 November 2008

Despite rumblings for a second stimulus check, the IRS hasn’t finished delivering the first stimulus check to all taxpayers. As of last month, more than 279,000 economic stimulus checks – that’s more than a quarter million – were yet to be delivered. Those checks are worth more than $163 million. Additionally, more than 104,000 taxpayers [...]

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Obama Promises Stimulus Package – But No Word on Second Stimulus Check

24 November 2008

President Elect Barack Obama has promised that he will do “whatever it takes” to stimulate the economy. While he hasn’t laid out the entire plan, Obama has put an economic team in place to begin work on a stimulus package. Calling the potential package “costly” (imagine that!), Obama refused to put a price tag on [...]

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Stimulus Package Is Not the Same as Stimulus Check

9 November 2008

If you watched President Elect Obama’s first press conference, you might have heard him say: The one thing I can say with certainty is that we are going to need to see a stimulus package passed either before or after inauguration. For some, that translated to: another check is on the way. Not so fast. [...]

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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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Identity Thieves Moving In On Stimulus Checks

10 September 2008

Imagine this: You file your 2007 tax return just like normal. You get your economic stimulus check. And life goes on, right? What if, a few months later, you got a letter from the IRS asking you why you filed TWO tax returns for the same year? Using different addresses? Yep, that’s what happened to [...]

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