I Received The Incorrect Amount For My Stimulus Payment
May 9, 2008 by Erik Folgate
Filed under Consumer News, Taxes
My last two social security digits are 53. So, according to the payment schedule, I was supposed to receive the stimulus payment this morning. Although, with all of the comments on this site from people who didn’t receive it last Friday, I was not counting on anything. So, I logged into my checking account this morning, and to my surprise, there was a direct deposit from the U.S department of the Treasury. I thought, “wow, I was one of the lucky ones to get my payment as advertised.”
Economic Stimulus Payments To Be Sent Out a Week Early
April 25, 2008 by Erik Folgate
Filed under Economy, Taxes
The IRS has announced that they will now be sending out economic stimulus payments starting this Monday, April 28th. The first direct deposits were originally going to be made May 2nd, but I guess the government got antsy to start “stimulating the economy”. Again, I am skeptical that this will actually stimulate the economy the way the government thinks it will. It brings the assumption that everyone will go out and blow the money on goods and services that they probably don’t need. But, I suspect that many responsible people will use it to pay off debts, get current on their mortgage, or save it in their emergency fund.
Last Minute Checklist For Filing Your Taxes
April 14, 2008 by Erik Folgate
Filed under Taxes
So, you’re pulling an all-nighter to get your taxes done? The worst thing you can do is make a mistake that you don’t catch. Your cramming efforts will be washed away with one mistake. Here are some things to remember if you’re one of those procrastinators rushing to get your taxes filed by the end of tomorrow.
- Be sure to fill in your social securiity number. The IRS only identifies you by your SSN.
- Sign and date your return. Make sure both you and your spouse sign it if you file jointly.
How To File For a Tax Extension
April 9, 2008 by Erik Folgate
Filed under Taxes
As you all know, tax day is approaching, and you now have less than a week to file by the April 15th deadline. But, some of you may have very complicated taxes and you haven’t had any time to put together all of your documents and records. Filing for an extension might be in your best interest so you don’t get fined for being late. Here’s the step-by-step for filing for an extension.
- Click Here to download and print a copy of Form 4868.
- Fill in Lines 1 through 3 which is your name, address, and social security number.
Common Question Asked About The Economic Stimulus Check
March 27, 2008 by Erik Folgate
Filed under Economy, Taxes
I have been receiving a few emails from people asking a question similar to this:
If I owe taxes to the government for 2007, will I still receive the stimulus check?
The Fastest Way to Receive Your Economic Stimulus Refund Check
March 20, 2008 by Erik Folgate
Filed under Consumer News, Taxes
If you stumbled across this site from a google search for information about the economic stimulus payment, be sure to subscribe to my RSS feed, read about me, and introduce yourself to what this site is all about by reading about my 11 principles.
If you are one of the prompt ones that will be filing your taxes before the April 15th deadline, but have not done it yet, be sure to sign up for direct deposit of your tax refund if possible. According to Fox Business News and the IRS, if you had or will have your 2007 tax refund direct deposited into your account, you will be one of the first to receive your economic stimulus checks! Here is the breakdown of when the money should reach your account based on social security number.
If the last two digits in your social security number ends with:
Take Advantage of Free e-File For Your Tax Return
March 18, 2008 by Erik Folgate
Filed under Taxes
April 15th is 27 days away, and I can actually hear some of you clenching your teeth right now at the thought of it. Isn’t ridiculous that doing your taxes takes such a big chunk out of our free time? One of the few good things the IRS has ever done for us is partner up with companies to offer free e-filing for middle class taxpayers. If you made less than $54,000 adjusted gross income in 2007, you can qualify for free e-filing.
Received A Notice From The IRS About the Economic Stimulus Refund Checks
March 11, 2008 by Erik Folgate
Filed under Consumer News, Taxes
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After a lot of speculation. the IRS has finally sent out an official notice that cleared up a couple of questions people were having about the economic stimulus refund checks. I was right about everything that I had wrote about the checks, but it’s always nice to be reinforced about information you read about by the people that will be sending out the checks, the IRS. If you haven’t received the notice in the mail yet, don’t freak out. It doesn’t mean that you aren’t going to receive a check. It just means that it takes a while for them to send out $130 million letters. Here is some information that was confirmed in their letter.
Reader Question About Tax Refunds and Back Child Support
February 13, 2008 by Erik Folgate
Filed under Consumer News, Taxes
Here is a question from a Money Crashers reader posted in a comment that, unfortunately, I think some of you may benefit from knowing the answer.
What if my ex owes me back support? Will I get his check? Also he is now married with no children of their own. Will I still get his check and how much of it will I get he’s over 2,000 behind plus owes me over 1,000 in medical expenses? How will his rebate be handled?
Suze Orman Gets It Right About Why Our Economy is Faultering
February 11, 2008 by Erik Folgate
Filed under Economy, Spending and Saving, Taxes
Sometimes, I don’t agree with the advice that Suze Orman gives, but she definitely gets it right in this article about what to do with the mini windfall that you’ll be receiving from the government this summer.
Here is a quote from her article that I liked:
I don’t agree with that approach on any level. The economy isn’t floundering because we aren’t spending enough; it’s floundering because we’re spending too much, largely on credit. So do the opposite of what the government is hoping for — it’s far more important for people to boost their savings, not their spending.
