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The buzz in early 2008 in America has been about the Economic Stimulus Act of 2008, which among other things has resulted in the government mailing out checks to individuals and families across the country. The Economic Stimulus Act of 2008 was officially passed by the House of Representatives and the Senate on February 7, 2008 and later signed off by President Bush. So what does it mean?

Economic Stimulus Tax Rebates

A number of things have changed under the 2008 Economic Stimulus act. One of the most “visible” has been the checks that will be mailed out to a large number… Continue reading

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Our President, George W. Bush, signed a bill that was already approved by Congress earlier this year to send every American who has filed a 2007 tax return a check to stimulate the slowing US Economy. Many people immediately criticized this stimulus package saying that it would not help out the economy one bit. Many other people are excited to get an additional check from the IRS to help supplement the raising gas prices as well as the raising prices in the food industry.

House Speaker Nancy Pelosi is already calling for a second economic stimulus bill, however Bush… Continue reading

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Starting in May, the Treasury will begin sending economic stimulus payments to more than 130 million households. To receive a payment, taxpayers must have a valid Social Security number, $3,000 of income and file a 2007 federal tax return. IRS will take care of the rest. Eligible people will receive up to $600 ($1,200 for married couples), and parents will receive an additional $300 for each eligible child younger than 17. Millions of retirees, disabled veterans and low-wage workers who usually are exempt from filing a tax return must do so this year in order to receive a economic stimulus… Continue reading

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Did I Get the Right Amount?-Economic Stimulus Payment FAQs

Q. I received a check in the mail from the federal government. How can I tell whether it is my stimulus payment?

A. Look for the words, “2008 Economic Stimulus Payment” on the front of the check, below your address.

Q. I received my stimulus payment, but it was less than what my friends and neighbors received. Why?

A. Your economic stimulus payment will be based on information provided on your 2007 income tax return.

Online Tax Return Do Your Taxes Online in Minutes. File Federal & State with Step-by-Step Help… Continue reading

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Even though the April 15 tax deadline has passed, it is not too late to file for your Economic Stimulus Payment this year. Persons who qualify for the payment must file a 2007 tax return by October 15, 2008.

File your taxes online with CompleteTax today. No hidden state fees.

Millions of people are eligible but may not know it, or think it is too late to get a payment. These are certain retirees, disabled veterans and low-wage workers who normally don’t file a tax return because their income is too low or nontaxable… Continue reading

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Many Americans have already received their economic stimulus check, and millions more are slated to do so in the weeks to come. The question is: how are you going to spend this check? While the government wants you to spend this money “recklessly” you are under no obligation to do so.

Online Tax Return Do Your Taxes Online in Minutes. File Federal & State with Step-by-Step Help
According to recent polls and expert opinions, there are several areas in which Americans are considering spending their economic stimulus check:

1. Save, save, save. A large number… Continue reading

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Consumers asked to Spend Economy Stimulus Check

As you know by now, millions of Americans will be receiving an economic stimulus payment from the IRS by the end of the summer. If you take a closer look at the phrase “economic stimulus check” what do you see? Simply put, the government wants you to spend this money to stimulate the economy. In other words, if everybody who receives a check puts it into the bank and does nothing, the results will be a total flop. Of course, this is far from realistic. But with that being said: how many people are… Continue reading

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Economic Stimulus Plan: How Might It Work? 
Lawmakers tend to paint with broad strokes and the economic stimulus package brokered between President George W. Bush’s administration and the House of Representatives is a good example. At press time, only summaries of the tax rebates and business incentives have been issued by the White House, administration officials and some members of Congress. Legislative language is expected soon. In the meantime, questions are being asked about who will qualify for the rebates, when and how will the IRS will issue the checks, and many other questions.

During a January 25, 2008, online forum called… Continue reading

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Financial Blog Network

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As the United States economy heads toward a recession, the government has responded with the Economic Stimulus Act, a bipartisan economic package intended to stimulate the slowing economy by putting money back into the hands of American workers and businesses.Facts on Economic Stimulus Act:

• Signed into law on February 13, 2008 by President George W. Bush.
• Total package worth about $168 billion over two years and will add directly to the U.S. federal deficit.
• Over $100 billion in advance payments (rebates) to 120 million American households.
• Business incentives adding up to $44 billion in tax relief.
• Allows nearly 200,000 home owners refinance their homes.
• Assists

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