2008 Tax Rebate Qualifications

Posted: 12 Apr 2008

Financial Blog Network

  • Treasury will begin sending economic stimulus payments 
    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 payment


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    Economic Stimulus Act of 2008

    Posted: 12 Apr 2008

    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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    Spending Your Tax Refund

    Posted: 11 Apr 2008

    How To Spend Your Tax Refund

    If you are one of the millions of Americans expecting a tax refund this year, you may be asking yourself, “How do I spend my refund?” Your first impulse may be to spoil yourself by using the refund to buy something you want instead of something you need. By spending your refund wisely instead of carelessly, you can put the money to good use.To make the most out of your refund, consider the following money-smart suggestions.

    Pay Credit Cards

    By making an extra payment or paying more than usual, you can reduce the balance… Continue reading

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    Tax Refunds: Direct Deposit Facts

    Posted: 10 Apr 2008

    Every year millions of Americans anxiously await their yearly tax refunds and every year thousands of checks get sent out through the mail. For some taxpayers, waiting around for a check can be more strenuous than having to pay back Uncle Sam; if so; here is some useful information regarding tax refunds:

    • If you mailed in a complete tax return, your refund check will be issued within six weeks of the date it is received. For electronically filed returns, checks are issued within three weeks after the acknowledgement date.
    • Refunds from amended returns can take up to 12 weeks to be issued
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