Economic Stimulus Act Checks

[Evan]

So what happens if you owe? I would rather just have the check automatically go towards my balance.

[florige]

So what happens if you owe? I would rather just have the check automatically go towards my balance.


Don't you worry, thats exactly whats going to happen.

[ATRAIN]

When is this "check" supposed to hit? I want to get my new system for my car already.

[florige]

When is this "check" supposed to hit? I want to get my new system for my car already.


The last I heard they are supposed to start sending them out in June.

[Evan]

http://finance.yahoo.com/taxes/article/104827/Make-the-Most-of-Your-Tax-Rebate

[ATRAIN]

The last I heard they are supposed to start sending them out in June.


WHAT?? I heard may!!! I know its only a month away and I dont really need the money but I want to hurry up and give back to the economy hahahaha.

[florige]

WHAT?? I heard may!!! I know its only a month away and I dont really need the money but I want to hurry up and give back to the economy hahahaha.


I think originally it was supposed to be May, but they went back and forth on the amount for a while. Thats why I think that it is now June.

[Evan]

DIRECT DEPOSIT PAYMENTS
If the last two digits of your Social Security number are: Your rebate should be sent to your bank account by:
00 - 20 May 2
21 - 75 May 9
76 - 99 May 16
PAPER CHECK
If the last two digits of your Social Security number are: Your check should be in the mail by:
00 - 09 May 16
10 - 18 May 23
19 - 25 May 30
26 - 38 June 6
39 - 51 June 13
52 - 63 June 20
64 - 75 June 27
76 - 87 July 4
88 - 99 July 11

[florige]

http://finance.yahoo.com/taxes/article/104827/Make-the-Most-of-Your-Tax-Rebate


According to that chart mine is def going to be in June.

[RuffnReadyOzStyle]

What a joke of an economic policy. Don't go for real economic reform, give out money to the entire populace, who will then most likely spend it on consumer goods, most of which are IMPORTED (ie. will not generate domestic employment).

I'd like to hear Scott's opinion on this.

[SpursWoman]

n/m

[JoeChalupa]

I just e-filed this morning and I got a message about $1800 stimulus check when I filed.

[Soul_Patch]

So what if you are a married couple and my social ends in 04 and my wifes in 87


then when do you recieve the check?

[ATRAIN]

So May 9th the new system will get installed.

[florige]

So May 9th the new system will get installed.



Let me borrow that rebate son...

[ATRAIN]

Let me borrow that rebate son...


LOL borrow it for? What you doing to use it on?

[CubanMustGo]

So what if you are a married couple and my social ends in 04 and my wifes in 87


then when do you recieve the check?

Goes by the primary filer's SSN ... whomever is listed first on the return.

[florige]

LOL borrow it for? What you doing to use it on?


I just brought a PS3 over the weekend. I need that money to get me a HD TV. Don;t worry about Western Union, the standard mail will be fine.

[ATRAIN]

I just brought a PS3 over the weekend. I need that money to get me a HD TV. Don;t worry about Western Union, the standard mail will be fine.


LMAO you wont get that good of a tv for 600. Im doing you a favor by holding on to it :).

[florige]

LMAO you wont get that good of a tv for 600. Im doing you a favor by holding on to it :).


$600? I thought it was $300?

[mrsmaalox]

I just e-filed this morning and I got a message about $1800 stimulus check when I filed.

Me too. I feel kinda guilty cuz I always get such big refunds anyway; but if that's what I need to do to help my country...:dramaqueen I promise to buy only American made supplies for my laundry room remodel!!!!!:)

[ATRAIN]

$600? I thought it was $300?


Its only 300 if "In general, the rebate amount can't be more than your net tax liability, which is your tax liability before subtracting refundable credits and child credits. But even if you have no net tax liability, you can still qualify for a rebate of $300 as a single filer or $600 as a joint filer if you have at least $3,000 in income from a job or self-employment, or from Social Security or veterans' benefits."

[missmyzte]

May 2nd, yay!!! And bless my accountant who did whatever he did to make me eligible to receive the rebate, he is truly amazing.

[Viva Las Espuelas]

we borrowed the money from china. don't give it back to them

[easjer]

Ours is going one of two places, depending on where we are with the credit card at that moment - the remaining credit card balance (getting so close to paid off) or the savings account. The question will be, if it goes to the savings account, does it stay there as part of our emergency fund or does it ultimately get used as a down payment for the bathroom remodel? Probably the same thing either way you look at it (she says glumly). :depressed

[mrsmaalox]

Ours is going one of two places, depending on where we are with the credit card at that moment - the remaining credit card balance (getting so close to paid off) or the savings account. The question will be, if it goes to the savings account, does it stay there as part of our emergency fund or does it ultimately get used as a down payment for the bathroom remodel? Probably the same thing either way you look at it (she says glumly). :depressed

Go ahead and remodel the bathroom; it will be much more expensive when it's an emergency!

[easjer]

Oh the bathroom is getting remodeled. The question is simply how we will afford it. We won't be getting quotes until mid-summer whatever happens, because it will hold out that long and I am adament that we get our e-fund where it needs to be first. We've gone for far too long without a cushion in savings, and now that the damn credit card is nearly paid off, I want to ensure it stays that way.

Then the question becomes how much will it cost to have someone come in and redo the bathroom (which is not vanity or cosmetic - tile is coming up and the tub has hairline cracks), how long will it take, and how will we pay for it? We haven't gotten that far yet. It's so depressing. I'm tired of being a responsible adult - I'd rather use the money to take a vacation and see a part of the country we've never seen.