Posts tagged as:

tax rebates

Fix the Tax Code Friday: Second Economic Stimulus Package

24 October 2008

It’s Fix the Tax Code Friday!
As the economy continues to sour, Congress and the White House both agree that some measure of economic stimulus is needed. The problem? They can’t agree on what would work best.
So, I’m taking it to you, the taxpayers…
Which of the following scenarios currently being contemplated by [...]

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Ask the taxgirl: Qualifying Children and Rebate Checks

18 October 2008

Taxpayer asks:
We claimed our son last year on our taxes. Born April 1989. We have a daughter who is 16. We recieved $1500 stimulus check. None for our son and he didn’t get one for himself either. Should he have? Thank you.
Taxgirl says:
Sorry, no. Eligible taxpayers received an [...]

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Pelosi Confirms Tax Rebates “Unlikely” Before New Year

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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Ask the taxgirl: Stimulus Checks and 2008 Returns

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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TurboTax Responds to Customers Regarding Tax Rebates

17 May 2008

A reader just passed along this letter from Bob Meighan at TurboTax that several folks have apparently already received:
Dear Valued Customer,
We want to provide you with the most up–to–date information about the tax rebate to which you may be entitled.
Recently, you may have received a letter from the IRS advising you when to expect your [...]

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Colbert Explains How to Spend Your Tax Rebate Check

16 May 2008

Stephen Colbert discusses his rebate check and tells you how you might spend yours… Of course, you and I both know that he didn’t really get one (he makes too much money). But he’s still funny!

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IRS Admits Thousands of More Errors in Rebate Check Processing

16 May 2008

And just when we thought the IRS had a handle on things… After admitting that 350,000 taxpayers were underpaid on their tax rebates because of an omission of the child tax credit, the IRS has another mea culpa: they’ve been misdirecting tax rebates to the wrong accounts.
According to an article in Newsday, an [...]

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IRS Admits “Human Error” in Processing Tax Rebates: Child Credit Omitted

15 May 2008

So, it turns out that I was wrong.
But the IRS was more wrong.
Way wrong.
It turns out that up to 350,000 households did not receive the $300 per child owed them as part of their economic stimulus rebate payments. The IRS blames “human error” and “computer glitches.” According to the IRS, taxpayers are to [...]

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Scams, Schemes and Tomfoolery: Be Careful With Your Tax Rebate!

14 May 2008

I’ve posted before that there are NO plans in Congress to distribute monthly stimulus payments or rebates or bonuses to taxpayers.
Nonetheless, I continue to receive emails from concerned readers about ads touting such a plan (I’ve seen one myself). These ads are the product of private companies: this information is NOT from the [...]

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Overwhelming Majority of Americans Cynical About Tax Rebates

12 May 2008

An overwhelming majority of Americans believe that the so-called economic stimulus plan – largely consisting of tax rebates – will not boost the economy. According to a poll conducted by CNN/Opinion Research Corp., a whopping 82% of Americans believe the stimulus package won’t work. This is up sharply from 70% of Americans who [...]

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