Posts tagged as:

stimulus package

Obama Proposes Tax Breaks for Business: Too Little, Too Late?

8 September 2010

Where were you on December 1, 2007? It’s one of those dates that you’re likely not to remember. But according to the National Bureau of Economic Research, that’s about when the recession really started. If you believe that we’re still in a recession (and most economists seem to), that makes 34 months. We’ve had stimulus [...]

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Did You Receive Your Economic Recovery Payment?

19 March 2010

I’ve received a lot of inquiries related to the Making Work Pay Credit and the Economic Recovery Payment. You cannot receive the maximum credit for both. If you are disabled or retired and received the Economic Recovery Payment, you must report it on your Schedule M when claiming the Making Work Pay Credit. It is [...]

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Ask the taxgirl: Are Economic Recovery Payments Taxable?

10 March 2010

Taxpayer asks: Hi Tax Girl. I on social security and am using Turbotax to file my taxes. I have not as yet found out where to put the $500 received by my wife and myself from the federal government in June of 2009. Is this taxed? Taxgirl says: It sounds like you’re talking about the [...]

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Tax Trivia: Stimulus Checks

26 January 2010

Update: We have a winner! It’s Travis! For the answer, see the comments! Our next tax trivia question for the giveaway is: In 2008, the IRS began releasing rebate checks as part of President Bush’s stimulus package. The original version of the stimulus capped the number of children who could be claimed for purposes of [...]

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Ask the taxgirl: Stimulus Checks in 2009

28 September 2009

Taxpayer asks: I haven’t done my taxes in 3 years, I don’t owe the Feds any$, will I get the stimulus funds every1 else got once I do my taxes? (via twitter) Taxgirl says: By law, the IRS is not able to make any economic stimulus payments after December 31, 2008. But all is not [...]

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Ludacris Learned A Thing Or Two About Taxes From Oprah

7 September 2009

Or least his people did. Rapper Ludacris, whose real name is Christopher Brian Bridges, made 20 families who needed a hand up pretty happy this week. He partnered with Nissan South, a car dealership in Atlanta, to give away 20 cars to folks in need as part of his own stimulus package. The giveaway worked [...]

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Specter Defects to the Dems: Will It Make Any Difference?

3 May 2009

Last week, I was sitting on a panel for the Pennsylvania Bar Institute. My topic was holding business interests in trusts. While many of the other panelists had to craft their talks in terms of federal estate taxes, my topic touched on a much broader range of issues – including a topic that is of [...]

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Happy Tax Freedom Day!

13 April 2009

Happy Tax Freedom Day! And if you’re thinking it feels early this year, you’re right… In 2009, Tax Freedom Day in the US arrives on April 13, the earliest it’s appeared since 1967, according to the Tax Foundation. That’s more than a week earlier than last year and two weeks earlier than in 2007. Tax [...]

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taxgirl Talks Stimulus on CBS Radio

7 April 2009

In case you didn’t hear my few seconds of fame on your local CBS affiliate radio show (the bit was broadcast nationally), you can have a listen here: taxgirl on CBS (mp3 file)

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Ask the taxgirl: How Much Money Will I Get Under Obama’s Stimulus Plan?

4 April 2009

Taxpayer asks: I was told that I would receive all my federal tax withholding for April, May & June. However, I just heard on the local news that it would only be $12 to $15, is that true? Thanks for your advise, Taxgirl says: The Making Work Pay Credit will decrease the amount withheld from [...]

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