Ok, what's the catch? I've been hearing about this stimulus package for a few weeks now and I went to www.irs.gov to check it out. It does, in fact, look as if the IRS simply plans to send my family a check sometime this summer....$600 for me, $600 for my husband, and $300 for our son.
Why are they doing that? Not that I don't want the money, but these things make me kinda suspicious. Especially when they coincide with an election year.
It's a "prebate" on an increased rebate you would get next year as the result of tax cuts. If you should have gotten more, you will get it with your regular refund next year. If you should have gotten less, you will not have to give the money back. It's an "economic stimulus package." I don't think it's going to do that much stimulating.
Posted by scholar (Member # 9232) on :
I was going to use it to fix some broken stuff in my kitchen. So, in that case, it would have helped the economy. Of course, my hot water heater breaking and discovering that our wiring was not up to code changes that plan.
Posted by ketchupqueen (Member # 6877) on :
It'll probably do a little stimulating.
Just not much.
Posted by Lyrhawn (Member # 7039) on :
Scholar - Have you considered replacing it with an instant water heater? It'll save you a lot in energy bills over the course of the year, and I think there are even tax credits for making the switch.
Posted by Christine (Member # 8594) on :
quote:Originally posted by ketchupqueen: It's a "prebate" on an increased rebate you would get next year as the result of tax cuts. If you should have gotten more, you will get it with your regular refund next year. If you should have gotten less, you will not have to give the money back. It's an "economic stimulus package." I don't think it's going to do that much stimulating.
I don't usually get refunds (we try to plan it to break even) so it sounds like that approach would maximize my money. It sounds like I would have to subtract the money from the amount the government owes me otherwise?
Ooohhh...my husband started school this year and we'll get a ton of write offs for that. I wonder if we should have them withhold less from his check...
Actually, now that I think about it, this is kind of a scam. We're just getting the money early and hmmm...early makes it BEFORE the election rather than AFTER.
I think my suspicions were right.
I also think this won't stimulate much. Posted by ketchupqueen (Member # 6877) on :
You don't have to do anything, and you don't really get a choice. They calculate who gets it based on LAST year's tax refund, so like I said if you generally break even I don't know how that would affect you, but like I said, if you shouldn't have gotten it you don't have to give it back.
Posted by Synesthesia (Member # 4774) on :
OOoo Explain to me how to do that. I'd rather break even that fret over tiny little refunds.
Also, I just want some free money, but I still think it's a bad idea but I need MONEY.
quote:Originally posted by Christine:
quote:Originally posted by ketchupqueen: It's a "prebate" on an increased rebate you would get next year as the result of tax cuts. If you should have gotten more, you will get it with your regular refund next year. If you should have gotten less, you will not have to give the money back. It's an "economic stimulus package." I don't think it's going to do that much stimulating.
I don't usually get refunds (we try to plan it to break even) so it sounds like that approach would maximize my money. It sounds like I would have to subtract the money from the amount the government owes me otherwise?
Ooohhh...my husband started school this year and we'll get a ton of write offs for that. I wonder if we should have them withhold less from his check...
Actually, now that I think about it, this is kind of a scam. We're just getting the money early and hmmm...early makes it BEFORE the election rather than AFTER.
I think my suspicions were right.
I also think this won't stimulate much.
Posted by Lyrhawn (Member # 7039) on :
quote:Originally posted by ketchupqueen: You don't have to do anything, and you don't really get a choice. They calculate who gets it based on LAST year's tax refund, so like I said if you generally break even I don't know how that would affect you, but like I said, if you shouldn't have gotten it you don't have to give it back.
Every article I've read says that the refund is being calculated based on THIS year's tax refund, unless we really mean the same thing. I mean, your 2007 tax return which is last year, but that you file this year. Is that what you meant?
If you end up breaking even Christine, it's possible you won't get back the full $600. Everyone who earned more than $3000 in income gets at least $300, with $600 being the individual maximum barring children, but I think the wriggle room in between is how much you pay in taxes. So, if you only paid like $400 in taxes, you won't get back $600, or at least thatt's how I understand it.
Posted by ketchupqueen (Member # 6877) on :
Yes, Lyr, that's what I meant. Sorry, being married to a tax accountant makes you talk funny. Posted by Christine (Member # 8594) on :
quote:Originally posted by Lyrhawn:
quote:Originally posted by ketchupqueen: You don't have to do anything, and you don't really get a choice. They calculate who gets it based on LAST year's tax refund, so like I said if you generally break even I don't know how that would affect you, but like I said, if you shouldn't have gotten it you don't have to give it back.
Every article I've read says that the refund is being calculated based on THIS year's tax refund, unless we really mean the same thing. I mean, your 2007 tax return which is last year, but that you file this year. Is that what you meant?
If you end up breaking even Christine, it's possible you won't get back the full $600. Everyone who earned more than $3000 in income gets at least $300, with $600 being the individual maximum barring children, but I think the wriggle room in between is how much you pay in taxes. So, if you only paid like $400 in taxes, you won't get back $600, or at least thatt's how I understand it.
This is where I get confused in tax lingo, because my husband and I certainly paid a lot of TAXES in 2007. Our REFUND was very small because we try to make it so that his job takes out as close as possible to the right amount each month. So are they calculating this based on our refund or based on how much tax we paid over the course of the year?
Posted by Dagonee (Member # 5818) on :
It's based on last year's taxes, not refund.
Posted by ketchupqueen (Member # 6877) on :
Yeah, sorry. I also have baby brain. If you paid tax last year, you will get the prebate.
Posted by scholar (Member # 9232) on :
quote:Originally posted by Lyrhawn: Scholar - Have you considered replacing it with an instant water heater? It'll save you a lot in energy bills over the course of the year, and I think there are even tax credits for making the switch.
We actually looked into that, but we are planning on moving in a year. The people at the store said for a year it wouldn't be worth it. But, in our next house (which will be after we have both graduated and so we won't be so poor), we will get one when we move in.
Posted by Christine (Member # 8594) on :
quote:Originally posted by scholar:
quote:Originally posted by Lyrhawn: Scholar - Have you considered replacing it with an instant water heater? It'll save you a lot in energy bills over the course of the year, and I think there are even tax credits for making the switch.
We actually looked into that, but we are planning on moving in a year. The people at the store said for a year it wouldn't be worth it. But, in our next house (which will be after we have both graduated and so we won't be so poor), we will get one when we move in.
My in-laws have that system and it is NICE. Even just taking a shower when we stay there...the water is instantly the right temperature. No waits! I'm with you -- moving too soon to make it worth installing in this house but in the next one...
Posted by Goody Scrivener (Member # 6742) on :
quote:Originally posted by scholar:
quote:Originally posted by Lyrhawn: Scholar - Have you considered replacing it with an instant water heater? It'll save you a lot in energy bills over the course of the year, and I think there are even tax credits for making the switch.
We actually looked into that, but we are planning on moving in a year. The people at the store said for a year it wouldn't be worth it. But, in our next house (which will be after we have both graduated and so we won't be so poor), we will get one when we move in.
Consider, though, what having a tankless heater will do for your home value when you sell in a year. I wouldn't be the least bit surprised to find that you can more than make back the cost of the hardware and installation in the purchase price.
Posted by Dagonee (Member # 5818) on :
Do you need a separate heater at each faucet? Or does the hot water circulate through all the pipes?
Posted by Pegasus (Member # 10464) on :
Okay, got a question:
In the IRS publications regarding this, such as this one: http://www.irs.gov/newsroom/article/0,,id=179181,00.html It talks about "net income tax liability" For 1040A filers, it defines this term as line 35 + line 32. Line 32 is actually the child tax credit, and line 35 is the Tax less the Credits. (Same for 1040, just different numbers) This makes no sense that I can tell...
Whaddya think?
Posted by Goody Scrivener (Member # 6742) on :
quote:Originally posted by Dagonee: Do you need a separate heater at each faucet? Or does the hot water circulate through all the pipes?
The one my dad is looking at installs in the utility room where the current tank heater is located and circulates hot water through the existing piping. Somehow it senses when there's an active water flow and turns the heater on then. So I think there's a little bit more of a lag to get hot water when you first turn it on, but then it doesn't run out no matter how much is being used.
Posted by Dagonee (Member # 5818) on :
Cool, thanks!
Posted by ketchupqueen (Member # 6877) on :
quote:Originally posted by Pegasus: Okay, got a question:
In the IRS publications regarding this, such as this one: http://www.irs.gov/newsroom/article/0,,id=179181,00.html It talks about "net income tax liability" For 1040A filers, it defines this term as line 35 + line 32. Line 32 is actually the child tax credit, and line 35 is the Tax less the Credits. (Same for 1040, just different numbers) This makes no sense that I can tell...
Whaddya think?
That means that the child tax credits don't count for net tax liability in this case, I would think.
Posted by ketchupqueen (Member # 6877) on :
(Meaning, basically, that people who would have tax liability except they have one or more child tax credits and so would get the low-income stimulus payment instead get credit for the liability they would have if they didn't have children, and get the higher stimulus payment. If that makes any sense.)
Posted by Pegasus (Member # 10464) on :
yeah, it makes a kind of sense, and what you described is us, so it's better. I just can't figure why they would structure it that way. Oh well... Posted by Lyrhawn (Member # 7039) on :
I've been trying to get my family to invest in a tankless water heater for awhile now. There's a tax credit in Michigan for it, and I think a Federal tax credit as well. Plus our house is rather small and we could use the space. Plus water heating is one of the biggest uses of energy in the average American home. I don't have the figures in front of me (for shame!) but you can expect the tankless water heater to pay for itself in a few years from reduced power costs, well, that depends on the unit you buy and your average power bill, but they can be considered an investment rather than just paying more for a convenience (as they produce a never ending stream of hot water throughout the entire house).
Posted by ketchupqueen (Member # 6877) on :
quote: I just can't figure why they would structure it that way.
To provide more economic stimulus, of course. Posted by ketchupqueen (Member # 6877) on :
Oh, and when my mom has more money I'm going to suggest that water heater to her, she has issues with her water heater. Posted by ClaudiaTherese (Member # 923) on :
I am at a total loss as to whether I will or will not (and should or should not) get a "prebate," and if so, where it will go. I paid US taxes last year, but will be paying taxes primarily to Canada this year, although I will be filing US taxes as well.
I don't think I will be stimulating the US economy much with any spending, as I live abroad. I also do not expect to pay much if anything in US taxes this year, as my US income is minimal. (So is my Canadian currently, but that'a another matter for another thread. *sigh)
Any thoughts, opinions, well-informed facts? I'm open to everything from "of course, yes, and here's what you should do, you are a wonder and bringer of light into the world and deserve all blessings that flow from all governments" to "cheap, cheezy, surrender-monkey traitor, get the beejiminy off this fair and mostly American forum, how can you even dare ask about that."
---
Edited to add: Posted by Liz B (Member # 8238) on :
Sorry, CT, no advice at all. However, I have happily stored away "surrender-monkey traitor" and am pondering an appropriate target.
I am excited about defeating the purpose of the stimulus! I'm thrilled we'll be getting so much $$, and so proud of Nathaniel for being born early. Good baby! We'll be using it to pay our mortgage for one of the months I'm taking without pay. Hee hee!
Posted by Mucus (Member # 9735) on :
CT: I have no idea. On the other hand, I do know that our new budget just gave us a Tax-Free Savings Account, woo! link Posted by Christine (Member # 8594) on :
So...who v9oted for this stimulus package? I want to make sure to vote against them in November.
quote:Originally posted by ClaudiaTherese: I am at a total loss as to whether I will or will not (and should or should not) get a "prebate," and if so, where it will go. I paid US taxes last year, but will be paying taxes primarily to Canada this year, although I will be filing US taxes as well.
I don't think I will be stimulating the US economy much with any spending, as I live abroad. I also do not expect to pay much if anything in US taxes this year, as my US income is minimal. (So is my Canadian currently, but that'a another matter for another thread. *sigh)
Any thoughts, opinions, well-informed facts? I'm open to everything from "of course, yes, and here's what you should do, you are a wonder and bringer of light into the world and deserve all blessings that flow from all governments" to "cheap, cheezy, surrender-monkey traitor, get the beejiminy off this fair and mostly American forum, how can you even dare ask about that."
---
Edited to add:
I don't know, but the IRS is going to do that math for you so I'd just put it out of my mind. If you get a check -- great. If not, well, you didn't plan on it. Posted by katharina (Member # 827) on :
quote:`(a) In General- In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by subtitle A for the first taxable year beginning in 2008 an amount equal to the lesser of--
`(1) net income tax liability, or
`(2) $600 ($1,200 in the case of a joint return).
`(b) Special Rules-
`(1) IN GENERAL- In the case of a taxpayer described in paragraph (2)--
`(A) the amount determined under subsection (a) shall not be less than $300 ($600 in the case of a joint return), and
`(B) the amount determined under subsection (a) (after the application of subparagraph (A)) shall be increased by the product of $300 multiplied by the number of qualifying children (within the meaning of section 24(c)) of the taxpayer.
`(2) TAXPAYER DESCRIBED- A taxpayer is described in this paragraph if the taxpayer--
`(A) has qualifying income of at least $3,000, or
`(B) has--
`(i) net income tax liability which is greater than zero, and
`(ii) gross income which is greater than the sum of the basic standard deduction plus the exemption amount (twice the exemption amount in the case of a joint return).
If you have income on which you will pay taxes to the U.S. Government in 2008 and the income is more than $3000, it looks like you'll get a check, even if you have decamped for the fair shores of Canada.
If you do not expect to earn any income in 2008 on which you will owe taxes to the U.S. Government, then I don't think you get a check.
However...you might get a check and have to pay it back, because it might be that they give out checks based on the most recent return. Let me check that out for you.
Posted by scholar (Member # 9232) on :
Based on what I have read, they will send the check to the address you put on your tax return (so, if you were getting a refund normally and not having it directly deposited, that address). How much depends on you tax liability. If you earned at least 3000 and paid SS on it, you will get $300. If you had a tax liability, you wil get up to $600 rebate (if your tax liability was $500, you'll get $500, if it was $301, you'll get $301 and if it was $1500, you'll get $600). You fill out your taxes as normal and in a few months, a check will appear at your house. I don't know if that explanation actually helped, but I hope it did.
Posted by katharina (Member # 827) on :
Hmm...I'm not sure, but I think...I think they calculate based on the 2007 return, but it's for 2008. If their calculations are off and you don't get enough, you'll get more in your refund. If their calculations are off and you get too much, you don't have to pay it back and it's chalked up to their error.
So...my guess is you'll get a check based on last year and then you can forget about it. But don't take my word for it.
Posted by Goody Scrivener (Member # 6742) on :
Katharina is right. The calculations to determine the prebate are based on 2007 returns.
I believe she's also right that if the IRS sends you too much moneym the excess is yours free and clear with no repayments.
Posted by pooka (Member # 5003) on :
Basically, I get the impression they just wanted to hand out a bunch of money and have invented some legalish sounding pretexts for doing so. Those of us who know that money doesn't come from nowhere (I mean, even stuff that grows on trees comes from somewhere and takes some time to appear) are made a little uneasy by all this.
Posted by Slim (Member # 2334) on :
Lisa Simpson: "Grandpa, didn't you wonder why you kept getting checks in the mail for not doing anything?" Grandpa Simpson: "I thought it was because the Democrats were back in power."
Posted by katharina (Member # 827) on :
Posted by Farmgirl (Member # 5567) on :
My sister (who is a CPA) filed taxes for my mom -- although she doesn't need to because her only income is non-taxable Social Security, and she is a dependent on my return.
But according to This information on the IRS site she has to file (even thought she paid no tax in, and will not have to pay any tax) in order to qualify to receive money from the stimulus package.
FG
Posted by pooka (Member # 5003) on :
Interesting. I know so many people who just don't file taxes because they have enough withheld at work and filling out the form seems too big of a hassle to them, even if they would get hundreds or thousands of dollars back. If you don't file, but you've had tax withheld, will you get the prebate?
Posted by Goody Scrivener (Member # 6742) on :
If you don't file for 2007, you don't get a prebate. That much is simple. IRS is recommending that anyone with 2007 income file a return, even if they don't make enough to have a tax liability for the year, just to make sure IRS knows they exist to determine eligibility.
The 2007 returns are the only way IRS knows who to give money to and how much. So for example, Farmgirl's mom would not get anything as a dependent on FG's return. FG *might* get the $300 dependent allotment for Mom (I haven't looked to see if that's limited to children or if all dependents are included) but not the full $600 max per taxpayer.
Posted by ClaudiaTherese (Member # 923) on :
quote:Originally posted by Christine: I don't know, but the IRS is going to do that math for you so I'd just put it out of my mind. If you get a check -- great. If not, well, you didn't plan on it.
Where exactly would the IRS be sending that check, though, Christine? It is unlikely to be forwarded from the last address they have for me -- such governmental things usually are not. I have updated my address with the State of Wisconsin, but I doubt that the IRS will check with them.
I am certain, beyond any doubt, that no check will be reaching me in Canada, although I might well be able to reach out to claim it. Now, you may say that just waiting to see is what you think of as leaving it up to God, chance, or what have you. It isn't. It is declining it, as then receiving it is not an option.
Which may well be the thing to do. I don't know. That would be why I am asking -- not because it is obvious, but because it is not.
---
Edited to add: Ah ... they are not sending it out in advance of the next tax returns? I am confused.
(It is the "IRS sending it out before we next file" part that confuses me.)
Thanks so much for the responses above. Thanks especially katharina, Goody Scrivener, and Farmgirl for the links/heads-up! I'll go explore.
Posted by Christine (Member # 8594) on :
quote:Originally posted by pooka: Interesting. I know so many people who just don't file taxes because they have enough withheld at work and filling out the form seems too big of a hassle to them, even if they would get hundreds or thousands of dollars back. If you don't file, but you've had tax withheld, will you get the prebate?
Is this legal? I thought you had to file.
Posted by TomDavidson (Member # 124) on :
You DO have to file.
Posted by Farmgirl (Member # 5567) on :
quote:So for example, Farmgirl's mom would not get anything as a dependent on FG's return. FG *might* get the $300 dependent allotment for Mom (I haven't looked to see if that's limited to children or if all dependents are included) but not the full $600 max per taxpayer.
right... except I do get the full amount because she's not the only dependent on my tax return. I still have my daughter.... Posted by katharina (Member # 827) on :
quote:I am certain, beyond any doubt, that no check will be reaching me in Canada, although I might well be able to reach out to claim it. Now, you may say that just waiting to see is what you think of as leaving it up to God, chance, or what have you. It isn't. It is declining it, as then receiving it is not an option.
Which may well be the thing to do. I don't know. That would be why I am asking -- not because it is obvious, but because it is not.
Update your address with the IRS so you get the check. There's no reason to decline it, and you're still a citizen of the U.S. It applies to you.
If you're feeling guilty, you could use some of it to buy something online for a Hatrack baby or two. Or me. I like cookies.
Posted by Mucus (Member # 9735) on :
Alternatively, take that $600, put it in a RRSP or TFSA (when it becomes available) and invest in an American corporation Posted by katharina (Member # 827) on :
Or, blow it all on hats.
That's my plan.
Posted by ClaudiaTherese (Member # 923) on :
Or beat my head against the wall so that when I stop, it stops hurting.
Turns out we sent in a 8822 with each move. The IRS knows where to find me after all!
(Christine for the win. )
---
PS: But if it's intended for economic stimulus of the US, then there's no way I will be using it for that. Or, well, ohhhhh ... I'm too tired. Can't think.
Thanks anyway for the perspectives, info, and advice. It helped.
Posted by ElJay (Member # 6358) on :
If you order the hats from a US store it will!
Posted by katharina (Member # 827) on :
Hmmmm. If you're serious about any of those, we have very different taste in hats.
However, the cowboy ones made me think that maybe I'll use part of mine to get another pair of cowboy boots! I love the ones I got for my birthday last year, and I wear them a lot more than I expected to.
Posted by Lyrhawn (Member # 7039) on :
quote:Originally posted by pooka: Interesting. I know so many people who just don't file taxes because they have enough withheld at work and filling out the form seems too big of a hassle to them, even if they would get hundreds or thousands of dollars back. If you don't file, but you've had tax withheld, will you get the prebate?
You must file to get the bonus money. That's part of the problem some people are concerned about for the elderly, who Democrats specifically shoehorned into the bill to make sure they get a piece, but the eldery, the majority of whom do not file, MUST file a return in order to get the money.
Posted by ElJay (Member # 6358) on :
These, for instance. Or possibly these. My, there's a lot I like.
Posted by Belle (Member # 2314) on :
On the tankless water heater system - my husband the plumber says they don't get the water hot enough for him, and he's had several customers that were disappointed in them.
Me, I have to bathe in water so hot it turns my skin red, so these things better work well to get me to switch. As it is, we had to take the scald guard off our water heaters to satisfy my need for really hot water.
Posted by Lyrhawn (Member # 7039) on :
I generally like pretty hot water myself. That's not something I'd considered.
Now that you've said that, I'd seriously want to test one myself before I actually bought it. "Hot enough" is such a varied thing from person to person, I'd have to be sure.
Thanks for the heads up Belle.
Posted by Lyrhawn (Member # 7039) on :
I was just talking to a friend of mine's sister, and she was wondering how it works if you are claimed as a dependent, as far as the refund goes. She made less than $10K last year, but she makes well over the $3K threshhold you need. She was discussing whether or not to let her dad claim her, as if her dad doesn't claim her, she'd get most of her money back, but if he does, she won't get much back, but she's wondering if that'd get her the full $600.
In other words, the question boils down to: Does being claimed as a dependent matter for the prebate? I didn't know how to answer her, so I thought I'd ask our resident tax experts.
Posted by ketchupqueen (Member # 6877) on :
If you are claimed as a dependant you will not get a prebate.
Posted by Lyrhawn (Member # 7039) on :
Thanks for the info. That's what I thought, but I wanted to be sure.
Posted by maui babe (Member # 1894) on :
Okay, so my 18 year old is not eligible for the rebate, since I claimed her as an exemption. But do I then get the extra $300 for her, or no, because she is not eligible for the child tax credit because she's >16?
Posted by ketchupqueen (Member # 6877) on :
Nope. If she was older than 16 as of Dec. 31, you get no extra money for her. And since you claimed her as a dependent, she won't get her own.
Posted by Christine (Member # 8594) on :
I like the hot, hot scalding water myself and I never had any trouble getting it when we go to visit my in-laws.
I wonder, though, because they always recommend keeping your hot water heater on lukewarm, if there's some over-the-top safety mechanism in them and if it's harder to adjust the temp.
I keep my hot water heater on high and in the winter it's a struggle to get the right temp.
Posted by Belle (Member # 2314) on :
There are scald guards in modern water heaters that will prevent them from heating the water too high. If you notice that you can't ever seem to get your water hot enough, it's probably the scald guard. I think it depends on the type of water heater you have as to how easy it is to adjust them. In our case, my husband simply removed them, but I don't know if that's something that is easily done after installation, or if it needs to be done before.
Posted by Slim (Member # 2334) on :
quote:Originally posted by ketchupqueen: If you are claimed as a dependant you will not get a prebate.
I read that too fast and thought it said: "If you are registered as an independent, you will not get a prebate."
lol
Posted by Katarain (Member # 6659) on :
What about those of us who had babies in 2008? If the rebate is for 2008, but based on 2007's tax return (when there was no baby), will they send an additional $300 for any children born in 2008 after we file 2008 taxes?
Posted by katharina (Member # 827) on :
Yes, I think so.
Posted by Pegasus (Member # 10464) on :
Edit: Nevermind I completly mis-read the question. It's already answered as much as I could have.
Posted by Lyrhawn (Member # 7039) on :
They're sending the checks out early. The first round of those who did DD should have gotten their money today.
Posted by CaySedai (Member # 6459) on :
Sending the payments is based on the last two numbers of the primary filer's SSN. In our case, we're in the last section. I can't figure out if we're supposed to get it this week or May 16. The IRS Web site hasn't updated its payment schedule information even though the first payments went out already.
Edited to add: Yes, we did direct deposit.
Posted by Lyrhawn (Member # 7039) on :
From what I understand, the payments for the first round of SS numbers for those who did direct deposit should be completed by Friday. I think they got started early, but the schedule wasn't moved up that much, or maybe it was and they haven't adjusted yet. I'm in the second group of SS numbers for DD. My mom is in the first group, I don't know if she's gotten her payment yet.
I'm hoping to get my money sometime next week.
Posted by Enigmatic (Member # 7785) on :
I'm glad I did direct deposit this year, because my SSN ends in 99.
On a side note, I've seen an awful lot of comments (not here, things like the CNN article comments section) saying things like "This stimulus check won't help ME at all, because I'll have to spend it all on gas!" To which I have to wonder, what were they going to spend on gas if the stimulus check wasn't there?
Of course, it's a valid reason to say it won't help the economy much, or won't increase consumer spending much, etc. But it doesn't make much sense to me for people to complain about receiving money because they have to spend it on necessities - if that's the case, wouldn't they have had to go without those necessities if not for the stimulus check? I don't get it.
--Enigmatic
Posted by Synesthesia (Member # 4774) on :
Bloody hell. I didn't Direct deposit this year because I OWED money. I direct deposited LAST YEAR. I can't wait until July. I need this money now.
Posted by Christine (Member # 8594) on :
Personally, I'm planning on putting most of it in my emergency fund which means it will do nothing to help the economy but will make me feel better. I may use a small amount to help cover some recent unexpected expenses -- this year has been tight because we're expecting a new baby and my husband is in school so when the dishwasher broke all of a sudden...well, anyway. Our emergency fund thanks the government kindly. Posted by Tstorm (Member # 1871) on :
For me, the tax refund approximately equals what I paid in taxes this year. I guess that's still a win. Posted by pooka (Member # 5003) on :
quote:Originally posted by Katarain: What about those of us who had babies in 2008? If the rebate is for 2008, but based on 2007's tax return (when there was no baby), will they send an additional $300 for any children born in 2008 after we file 2008 taxes?
I would guess not- how would they know?
Posted by katharina (Member # 827) on :
They will know when you file 2008 taxes, and it will be added to the refund.
Posted by PSI Teleport (Member # 5545) on :
I just used the refund calculator on the IRS webpage to determine the amount of my "prebate". One of the things it asks is if you received the child tax credit (Line 32 on the 1040A) and I did not. But what is the difference between that and the "additional child tax credit" (Line 41) which I did have? Anyone know?
Posted by Stray (Member # 4056) on :
I owed this year, but chose to have it direct-debited from my bank account. Will that work the same way as if I'd had a refund direct-deposited?
Posted by MrSquicky (Member # 1802) on :
Yes.
Posted by pooka (Member # 5003) on :
quote:Originally posted by katharina: They will know when you file 2008 taxes, and it will be added to the refund.
Ahh. I like to think I'm not easily confused by taxes, but they got me.
Oh, I direct debited. Maybe we'll see this eventually after all.
Posted by Lisa (Member # 8384) on :
I'm not embarressed, but I might be a little worried. Giant super power starts heading downhill, and to keep people from complaining they are giving some form of bribe to keep them quiet. In America I guess we call that a rebate check, in Rome a lot of my history profs refer to it as "bread and circuses." Keep them fed and give them a good gladiator fight and they won't complain much. And that turned out so well for the Romans.
I wish I could blow mine on something frivilous, but I have to use it to do some maintenance on my car.
Posted by pooka (Member # 5003) on :
There's nothing quite like a guaranteed service that is free.
Posted by Nick (Member # 4311) on :
I got irritated with my bank right after I got my taxes done in January, and I opted for my refund to be direct-deposited. I have since changed banks, do you think the IRS will see my account is closed and send me a paper check instead?
Posted by Nato (Member # 1448) on :
quote:Originally posted by Goody Scrivener:
quote:Originally posted by scholar:
quote:Originally posted by Lyrhawn: Scholar - Have you considered replacing it with an instant water heater? It'll save you a lot in energy bills over the course of the year, and I think there are even tax credits for making the switch.
We actually looked into that, but we are planning on moving in a year. The people at the store said for a year it wouldn't be worth it. But, in our next house (which will be after we have both graduated and so we won't be so poor), we will get one when we move in.
Consider, though, what having a tankless heater will do for your home value when you sell in a year. I wouldn't be the least bit surprised to find that you can more than make back the cost of the hardware and installation in the purchase price.
This logic would only apply in a world that makes sense. House prices are 15% off their july 2006 peak and the price drop is only accelerating. Rakeesh said the other day some think tanks told him about some healthy "indicators", but if you couple the decline in the average family's wealth from the loss in housing value with the decline in the dollar, the actual net worth of most Americans is plummeting while our total debt is skyrocketing. All the while, all our money is debt (47 min animated video) and the stimulus will all be owed back with interest. Is your family going to make back 100% and more on that money this year, or are you just going to cover some looming expense that was looking more and more impossible?
Now what are the good indicators? Bush's word that increased consumer spending is going to get us out of this little mud puddle? But there is no sign of a bottom. Posted by Nato (Member # 1448) on :
What if your grandchild could send you a letter tomorrow from a few decades in the future asking why her struggling family owes the government that $1000 plus all those years of interest (let alone the trillions from the Iraq war--which would be still going if McCain had his way)?
Thanks grandpa! I hope your your car ran better after you finally replaced those parts! I hope your showers were super hot as you liked them!
This stimulus is a disgrace. I admit I'm as much a part of the problem as anyone, with about the "average" amount of student loans at ridiculous interest rates. Posted by pooka (Member # 5003) on :
quote:Originally posted by Nick: I got irritated with my bank right after I got my taxes done in January, and I opted for my refund to be direct-deposited. I have since changed banks, do you think the IRS will see my account is closed and send me a paper check instead?
I wouldn't count on it, but I guess you never know.
Posted by MrSquicky (Member # 1802) on :
Just because house prices as a whole are falling doesn't mean that adding a tankless heater might not make the cost back when selling the house.
The house price may fall, but if the heater takes, say $500 to put in, but increases the price the house sells for (which would be reduced from what it could sell for today) by $550, it would still have netted them a profit.
If without it right now, it would sell for $200,000 and with it it would sell $200,550 and in a year, it would sell for $190,000 without and $190,550 with, there isn't really a difference in the benefits of putting the heater in.
---
I really couldn't say that the house would even sell for more with a tankless system and am not making a recommendation, though.
Posted by Christine (Member # 8594) on :
I'm not thrilled with this refund either. I think that's part of the reason why I want to just put it into savings and not spend it. If they're hoping I won't notice how messed up things are right now just because they send a nice check in the mail, they were sorely mistaken.
Unfortunately, I imagine a lot of other people will think that the government is "doing something" to help the situation.
quote:Originally posted by Nick: I got irritated with my bank right after I got my taxes done in January, and I opted for my refund to be direct-deposited. I have since changed banks, do you think the IRS will see my account is closed and send me a paper check instead?
I'd contact the IRS and ask.
Posted by Nato (Member # 1448) on :
Ah, I guess you are right, Squicky. (You should still consider how the "stimulation" you provide to the economy is going to have to eventually flow back to paying off the loan that the stimulus is, of course, so making sure to buy a tankless heater from a company that employs Americans might be important for the stimulating effects, and reducing a home's energy consumption has good effects on the economy as well...)
And now the Google ad is for tankless water heaters.
Posted by King of Men (Member # 6684) on :
quote:Originally posted by Lyrhawn: I'm not embarressed, but I might be a little worried. Giant super power starts heading downhill, and to keep people from complaining they are giving some form of bribe to keep them quiet. In America I guess we call that a rebate check, in Rome a lot of my history profs refer to it as "bread and circuses." Keep them fed and give them a good gladiator fight and they won't complain much. And that turned out so well for the Romans.
Fair is fair: The Romans were not done in by bread and circuses, they were quite socially stable even to the very end. They were done in by barbarian migrations plus plagues plus a spot of climate change. (The first two likely caused by the last.) There aren't many barbarians around anymore, and we have better ways of dealing with plague than the Romans did. The social effects of giving out bread to keep the masses quiet are something else again, but I wouldn't worry about it causing civilisation to collapse.
Posted by dkw (Member # 3264) on :
We are in the process of selling our house, and our realtors advised us not to do any "value added" type improvements, even the kind of thing that I'd always read you should do before selling your home, like painting the living room. They said that in the current market they will not increase the selling price enough to get your money back. The only things they advise people to spend money on are things that prospective buyers would notice as an obvious negative -- if the toilet doesn't flush or the front porch is falling down, fix it. Since most people won't see a regular water heater as a negative (even if they would see the tankless kind as a positive) their opinion is that it would not increase the sale price.
Posted by Jon Boy (Member # 4284) on :
quote:Originally posted by King of Men: Fair is fair: The Romans were not done in by bread and circuses, they were quite socially stable even to the very end. They were done in by barbarian migrations plus plagues plus a spot of climate change. (The first two likely caused by the last.) There aren't many barbarians around anymore, and we have better ways of dealing with plague than the Romans did. The social effects of giving out bread to keep the masses quiet are something else again, but I wouldn't worry about it causing civilisation to collapse.
The Romans were invaded by barbarian tribes from the colder, northern part of the continent. If the analogy holds true, does this mean we will find ourselves fighting off the Canadian hordes at some point in the future?
Posted by King of Men (Member # 6684) on :
Yes, which is precisely my point: It's a bad analogy.
Posted by Samprimary (Member # 8561) on :
Another reason why the rome analogy is poor is that we won't have economic and social decline perpetuated by issues with slave populations that are not taxed.
Posted by Lyrhawn (Member # 7039) on :
Posted by Samprimary (Member # 8561) on :
quote:An economy based upon slave labor precluded a middle class with purchasing power.
quote: The widespread use of slave labor meant that common people and landless farmers had trouble finding jobs and thus could not pay for goods and business activity thus slowed.
Posted by Synesthesia (Member # 4774) on :
Yeah, that's pretty much what's happening.
Posted by Fusiachi (Member # 7376) on :
For the panic-mongers: Real GDP up 0.6% (annual rate) in the 1st quarter.
Posted by Jon Boy (Member # 4284) on :
quote:Originally posted by King of Men: Yes, which is precisely my point: It's a bad analogy.
Psh. Way to kill the funny, dude.
Posted by fugu13 (Member # 2859) on :
Fusiachi: as I mentioned in the other thread that was brought up, the only thing we know this early from the BEA (which has become increasingly likely to say things that support the administration) is that "there was a little growth or there was a little decline". We frequently don't know the scope of recessions until years after the fact. That was true of the last one, in the early 00's.
Posted by katharina (Member # 827) on :
That's a good point, Samprimary.
It's fun to toss out "bread and circuses" and say that we are doomed in the same way, but our economy is very different from Rome's and always has been, and the dangers Rome dealt with are not the dangers we deal with.
Besides, Rome lasted for a thousand years. We could do worse.
Posted by lem (Member # 6914) on :
I just thought I would throw in the link that has the table of when to expect the stimulus package from the IRS.
Posted by katharina (Member # 827) on :
We'll see. I should be in the May 2 group, but I haven't seen anything yet.
Posted by TomDavidson (Member # 124) on :
Same here, Katie.
Posted by Lyrhawn (Member # 7039) on :
Some people are no fun.
Posted by rivka (Member # 4859) on :
Me three.
Posted by brojack17 (Member # 9189) on :
Is there anyone here that is in the second group of people to receive payments AND use direct deposit?
If so, can you let me know when you receive the money? I have had to change bank accounts since my taxes came back and I'll need to call the bank when the funds are there to get at them.
Thanks.
Posted by dkw (Member # 3264) on :
We're in the second group and used direct deposit. I'll try to remember to let you know when it shows up.
Posted by katharina (Member # 827) on :
Mine came. $600. I'm thinking of getting a full-back tattoo with it.
Posted by steven (Member # 8099) on :
"I'm thinking of getting a full-back tattoo with it."
Since you'll be drunk on whiskey, you probably won't feel the pain. Posted by brojack17 (Member # 9189) on :
Thanks. I don't want to delay getting that money. That is our spending money in LA next month.
I like the idea of a full back tattoo kat.
Posted by katharina (Member # 827) on :
Maybe angel wings? Dragonfly wings? A depiction of the creation?
Posted by TomDavidson (Member # 124) on :
Mine hasn't come in yet. Posted by twinky (Member # 693) on :
I got my bonus. I guess that's sort of like getting a tax rebate.
While I'm often critical of my government, they did recently announce a new fiscal policy that I can really get behind. An investment account with no capital gains tax and no tax on withdrawals? Hot.
Posted by Synesthesia (Member # 4774) on :
quote:Originally posted by katharina: Maybe angel wings? Dragonfly wings? A depiction of the creation?
I want pictures. Also, left arm sleeves always look cool.
Mine will come way to late. i need it now. I will not have the internet for weeks.
Posted by lem (Member # 6914) on :
quote:Is there anyone here that is in the second group of people to receive payments AND use direct deposit?
I'm in that group and did direct deposit. I am expecting it on May 9th.
Posted by Mucus (Member # 9735) on :
quote:Originally posted by twinky: While I'm often critical of my government, they did recently announce a new fiscal policy that I can really get behind. An investment account with no capital gains tax and no tax on withdrawals? Hot.
Actually, its even better. The whole account is tax sheltered so no capital gains tax and no tax on interest either. Under some conditions, it may actually be better to contribute to that thing than contribute to an RRSP which is pretty amusing.
Posted by TomDavidson (Member # 124) on :
It's almost worth moving to Canada for.
Posted by Mama Squirrel (Member # 4155) on :
Got ours today.
Posted by katharina (Member # 827) on :
You should use the rebate to get matching tattoos in honor of your anniversary.
Posted by brojack17 (Member # 9189) on :
Mama, were you on the first group or the second?
Posted by Mama Squirrel (Member # 4155) on :
First group (although the very end of the group).
Posted by twinky (Member # 693) on :
quote:Originally posted by Mucus:
quote:Originally posted by twinky: While I'm often critical of my government, they did recently announce a new fiscal policy that I can really get behind. An investment account with no capital gains tax and no tax on withdrawals? Hot.
Actually, its even better. The whole account is tax sheltered so no capital gains tax and no tax on interest either. Under some conditions, it may actually be better to contribute to that thing than contribute to an RRSP which is pretty amusing.
Is tax on interest separate from tax on capital gains? Anyway, yeah, the TFSA is pretty sweet. I max out my RRSP contributions every year anyway, but I've also got savings outside of that and I'd like to put them in an investmet from which I could easily remove them -- e.g. to make a down payment on a house. The TFSA fits the bill perfectly.
Posted by Lyrhawn (Member # 7039) on :
My mom was at the very beginning, numerically, of the first group and she just got hers today.
Posted by TomDavidson (Member # 124) on :
Still haven't gotten it. And when I went to the "Where's My Stimulus Payment" thing on their website, it said it couldn't locate my payment. But according to their calculator, they owe me $1800.
Posted by steven (Member # 8099) on :
I got mine. Posted yesterday, effective today. It's a good thing, too...my bookie was going to break my kneecaps if I didn't pay up.
Posted by rivka (Member # 4859) on :
quote:Originally posted by TomDavidson: Still haven't gotten it.
Me neither. However, my actual refund finally did show up today.
Edit: And like Tom, the site can't find mine.
[ May 02, 2008, 10:36 PM: Message edited by: rivka ]
Posted by Synesthesia (Member # 4774) on :
I'll get it in a million years. -_-
need it now, darn it NOW.
So I can pay bills bills bills Instead of spending it on my 30 birthday and making it my best Bday EVER.
Posted by Mucus (Member # 9735) on :
quote:Originally posted by twinky: Is tax on interest separate from tax on capital gains? Anyway, yeah, the TFSA is pretty sweet. I max out my RRSP contributions every year anyway, but I've also got savings outside of that and I'd like to put them in an investmet from which I could easily remove them -- e.g. to make a down payment on a house. The TFSA fits the bill perfectly.
Indeed.
Personally, I think the deal might be "too" good, I wouldn't be surprised if a future government was forced to change the rules since the current TFSA proposal doesn't even affect CPP and OAS. (normally, they get clawed back if you have taxable income, like from a RRIF)
(disclaimer that I'm not an accountant)
Tax on interest is different from tax on capital gains in the sense that they are taxed at different rates. Interest income is taxed at the same (high) rate as regular employment income, capital gains have a much lower rate as do dividends. Here's an example: http://www.taxtips.ca/marginaltaxrates.htm
So basically all I was saying is that, not only does the TFSA save you the smaller taxes on capital gains (minor yay), but also the heavier taxation on interest (bigger yay).
It didn't necessarily have to be that way, from what I understand there was a program a few years back where the first (some number like 100K) in capital gains was not taxed, but interest income was left unsheltered. The government killed it though.
Here we go:
quote: Wasn't there a capital gains exemption for a while?
Yes, there was. In 1985, the government introduced a capital gains exemption, where each Canadian did not have to pay any tax on capital gains up to a lifetime maximum of $100,000.
But the government decided to abolish the exemption as of February 22, 1994.
Just checked my bank account and mine is in. This is that last I needed to buy a car! I'll be mobile again! (first time in ~2.5 years)
Posted by kanelock (Member # 10982) on :
mine is due to be mailed May 16th, which makes no sense since I had direct deposit. oh well.
Posted by rivka (Member # 4859) on :
quote:Originally posted by rivka: Edit: And like Tom, the site can't find mine.
Improvement! It now says mine will be deposited on the 9th.
Posted by brojack17 (Member # 9189) on :
Not here for me yet. My banker is checking my old account every day this week and she said she would e-mail me to tell me if it went in or not.
Posted by dkw (Member # 3264) on :
brojack, ours has arrived. Second group, direct deposit.
Posted by brojack17 (Member # 9189) on :
Thanks. The bank opens at 9:00. Hopefully the banker will check and let me know I have the money in the old account and then transfer it over.
Thanks for letting me know. Now go stimulate the economy.
Posted by pooka (Member # 5003) on :
quote:Originally posted by rivka:
quote:Originally posted by TomDavidson: Still haven't gotten it.
Me neither. However, my actual refund finally did show up today.
Edit: And like Tom, the site can't find mine.
Isn't it great that they took my direct debit payment on April 17th?
I hope I get ours today. We had a car die this week and some other stuff.
Posted by TomDavidson (Member # 124) on :
Still haven't gotten it. Still not visible on the site. I'm wondering if having my refund auto-deposited into two different accounts confused them enough that they're going to send me a paper check.
Posted by Jim-Me (Member # 6426) on :
Yes, Tom, getting it it deposited in multiple accounts means a paper check... as (I just found out) does using Tax Prep software that charges you to e-file.
Mine will be mailed Jun 20th. I am not real happy about this.
Posted by pooka (Member # 5003) on :
Hmm. I wonder if that includes me. Where did you find that out? I just logged into my freefile vendor from last year, since I knew I wouldn't qualify for free file. Okay, I went and read the FAQ's and darned if I can tell. Well, it would have been nice, but I suppose we'll survive. I really wish my husband hadn't forgotten his motorcycle helmet that one time and needed to buy a new one.
Posted by Stray (Member # 4056) on :
What?? I used TurboTax this year, and so had to pay to e-file. Does that mean I won't get this till June?
Posted by rivka (Member # 4859) on :
quote:Originally posted by dkw: brojack, ours has arrived. Second group, direct deposit.
Yeah, but so did mine -- 1st group, direct deposit. I think that chart is a scam.
brojack, did you check the site's "where is my payment?" feature? It should give you an estimated date. Mine was right on target.
Posted by Jim-Me (Member # 6426) on :
It might, Stray.
Pooka, I called 800-829-1040, option 2, then option 3. It's the only way I've found to talk to a real life person and find out what the deal is on your rebate. Of course there's nothing to be done... there's no appeal, there's no recompense, there's no recourse, but at least you can find out.
Unfortunately, I have more than a motorcyle helmet to worry about. I live on a shoestring budget and have been planning around this thing since they announced the dates. In the words of the coursers from "Snatch", I am "proper f**ked."
Posted by pooka (Member # 5003) on :
Sorry to hear that, Jim-Me. I had never really counted on the direct deposit dates until last week, and then it wasn't really counting on.
Posted by rivka (Member # 4859) on :
That sucks, Jim-Me. Posted by Stray (Member # 4056) on :
I'm sorry to hear that, Jim-Me This is kind of an inconvenience for me, but not a huge one. That sucks.
Posted by King of Men (Member # 6684) on :
Ours came in today. Goes right back to the guvmint to pay for Green Card application fees. The State giveth, the State taketh away, praised be the name of the State.
Posted by Jim-Me (Member # 6426) on :
Thanks for the commiseration. *weak smile*
Posted by Enigmatic (Member # 7785) on :
quote:Originally posted by Stray: What?? I used TurboTax this year, and so had to pay to e-file. Does that mean I won't get this till June?
My parents used TurboTax and they received theirs last week, so perhaps not. I used TurboTax too, and am in the very last group, so I hope I'm still getting it direct deposited.
Jim-Me, that sucks.
--Enigmatic
[ May 09, 2008, 11:37 AM: Message edited by: Enigmatic ]
Posted by Dagonee (Member # 5818) on :
Sorry to hear about that, Jim-Me. Posted by brojack17 (Member # 9189) on :
My bank said there would be deposits throughout the day. *keeps fingers crossed*
Posted by Jim-Me (Member # 6426) on :
I used TaxAct, so maybe there's something about how they process their payments that makes it look like a multiple direct deposit. The IRS person said they were just figuring it out themselves based on the calls that were coming in and they hadn't figured out exactly why, just that a large number of people who had to pay to e-file are in the "mail a check" category.
But the IRS web site specifically states that direct depositing your return into multiple accounts means you're getting mailed a check (down at the bottom) so, Tom is definitely in for a wait.
It says something about entering into a financial arrangement with your tax preparer in the next paragraph, so that may be why mine is in this category.
Posted by Stray (Member # 4056) on :
Argh. Turns out it doesn't matter what software I used, since I owed them money this year and used direct debit, I'll be getting a paper check. For whatever reason, they can't use that same account information to do a direct deposit.
Posted by lem (Member # 6914) on :
My social ends in the May 9th group. I wanted to update anyone who is interested that I received my electronic deposit yesterday.
Posted by pooka (Member # 5003) on :
My direct debit says "IRS" on the description line, so I'm hoping that means they just forwarded my information to the IRS rather than collecting the money from me and then disbursing it to the IRS, which I would guess creates the problem, if I had to guess.
Posted by ketchupqueen (Member # 6877) on :
To clarify, paying to e-file ONLY changes you to paper check IF you pay to e-file using your refund. (At least, that's how it's supposed to work.) If you paid with a debit/credit card to e-file with Turbo Tax, you will still get direct deposit.
Also, if you chose to get a "refund anticipation loan", that usually bumps you into the paper check category, too.
Posted by pooka (Member # 5003) on :
I just checked the mailing schedule, and if it comes by check, we will have just missed it to move/go on vacation.
Posted by Jim-Me (Member # 6426) on :
I did not use my refund to pay to e-file, nor did I take a refund anticipation loan. I'm still going to have to wait til 6/20. Again, the IRS person with whom I spoke indicated that there was something at work that they didn't yet understand clearly.
Edited for clarity.
Posted by ketchupqueen (Member # 6877) on :
Jim-Me, it may be different for Tax Act users. From what I understand, TurboTax users who used debit/credit to pay should still get it via direct deposit, though. And some Tax Act customers who paid that way are getting thiers direct deposited, so I'm not sure what the deal is.
One other thing not relevant to your situation but that might be to someone else's is that if you filed your taxes after mid-March you may not get your payment on schedule. (Though some people are. It really seems almost totally random at this point...)
Posted by pooka (Member # 5003) on :
On year I found my refund check in my backyard. It was all torn and tattered, like that camp song about the billboard. I think it must have gotten blown out of the mailbox on a gusty day.
Posted by scholarette (Member # 11540) on :
I got my check! Of course, it is already spent, but still nice to have it.
Posted by brojack17 (Member # 9189) on :
I had Turbo Tax deduct the fee. I'm hosed. I needed this money for the trip my wife and I were going to take to LA next month.
Now I have to try to figure out where to come up with the money.
Posted by pooka (Member # 5003) on :
We'll just pay down some debt, mostly.
Posted by ketchupqueen (Member # 6877) on :
Bummer, brojack.
What's kinda annoying is that the IRS didn't say ANYTHING about this until AFTER people started getting (or not getting) their money. You would think if they knew this was going to happen they could give some notice so people could plan accordingly.
Posted by brojack17 (Member # 9189) on :
Exactly. I think I'll still be able to make it but we won't be able to do as much as we thought.
Posted by Lyrhawn (Member # 7039) on :
Got mine early this morning. I'm DD group 2.
Posted by steven (Member # 8099) on :
I still haven't decided if I'm going to spend mine on coke and whores, or cigarettes and Russian brides.
Actually I'll probably save it for a rainy day.
Posted by ketchupqueen (Member # 6877) on :
Hey, brojack, cause for hope (at least a small amount): just read one woman's post that she had TT take out her fees from her refund-- and got her refund DD into her account the day it was supposed to (today) anyway. So again, it seems this is all completely weird and almost randomly people are getting or not getting DD according to some very strange rules.
Posted by pooka (Member # 5003) on :
I haven't seen/gotten mine. If it was coming by DD, we should have been the 9th. But we did owe, and I did pay the filing fee with a different account, and I filed on April 15th at about 11:15 p.m. So who knows, right? So flippin' exciting.
Posted by Enigmatic (Member # 7785) on :
I'm in the last group, used TurboTax to file online, and did get mine direct deposited today. Just in case you were all wondering.
--Enigmatic
Posted by ketchupqueen (Member # 6877) on :
Ditto-- showed up late last night.
Posted by Stray (Member # 4056) on :
No moneys for me yet Guess it'll be late next month or early July. At least that gives me more time to think of something to do with it, though I suppose I should do the grownup thing and put it towards paying off the new car.
Posted by brojack17 (Member # 9189) on :
My sister-in-law is lending us part of her check for our vacation. We'll have to back off a little bit but we'll still have a good time.
Posted by Temposs (Member # 6032) on :
We got our check on the 9th, and it was the minimum for join-filers, $600. We've put it toward my wife's student debt.
EDIT: We received the money by direct deposit, of course.
Posted by Temposs (Member # 6032) on :
Rather, it was by direct deposit, in case anyone was wondering ;-) I filed our tax return with TurboTax.
Posted by TomDavidson (Member # 124) on :
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