18 October 2008
In a move that should surprise very few, House Speaker Nancy Pelosi confirmed yesterday that Congress is “unlikely” to approve an economic stimulus package that included tax rebate checks during this calendar year.
The Democrats are, however, still pressing for approval on their $61 billion “economic stimulus package” which includes relief for the jobless and expanding [...]
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13 October 2008
Taxpayer asks:
I was told by “somebody” that the stimulus checks we received will be deducted from our tax refunds for 2008? Is that true?
Taxgirl says:
Nope. The tax rebates are not taxable and will not be credited against your 2008 return – unlike the 2001 rebates which were credited against the 2002 returns. There [...]
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