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Old 03-21-2008, 07:45 AM  
Duck Dog Duck Dog is offline
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What are you going to do with your economic stimulus check?
I might drop the entire amount into my IRA. Maybe I'll just spend it recklessly. I haven't decided yet.

Here's the payment schedule.

http://tinyurl.com/25h64d

Here's the payment calculator.

http://www.irs.gov/app/espc/
Last edited by Duck Dog; 03-21-2008 at 07:54 AM..
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Old 03-21-2008, 10:24 AM   #46
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I hate you I take it you are getting $1200?
Yep!
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Old 03-21-2008, 10:40 AM   #47
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Same thing I do with all my extra cash: home renovation.

I think this will go toward either landscaping, a carport, or a driveway repave. Obviously, it won't get us there on the latter two, but it will help out.
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Old 03-21-2008, 10:53 AM   #48
BWillie BWillie is offline
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Economic stimulus check? WTF..is this just a fancy way of saying your tax rebate (if you get one)?
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Old 03-21-2008, 10:57 AM   #49
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Economic stimulus check? WTF..is this just a fancy way of saying your tax rebate (if you get one)?
No, you're going to get another in May. $600 for single people, $1200 if you filed jointly. Obviously, there are limitations and stipulations... but basically, if you made over $3K and filed this year and don't make more than $75K as a single, you'll get the check/direct deposit.
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Old 03-21-2008, 10:57 AM   #50
vailpass vailpass is offline
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We don't qualify for a rebate. Can you believe that bullshit? Apparently the more you put in the less you get out. There is something wrong with that picture.
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Old 03-21-2008, 11:03 AM   #51
BWillie BWillie is offline
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No, you're going to get another in May. $600 for single people, $1200 if you filed jointly. Obviously, there are limitations and stipulations... but basically, if you made over $3K and filed this year and don't make more than $75K as a single, you'll get the check/direct deposit.
!!!!!

Since when does this happen? Is this something new being done this year to try to jump start our hampering economy? What do I have to do to see if I qualify? I already filed my taxes and received my rebate checks and I fall into the category you are talking about. $600 would come in handy right now.
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Old 03-21-2008, 11:04 AM   #52
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!!!!!

Since when does this happen? Is this something new being done this year to try to jump start our hampering economy? What do I have to do to see if I qualify? I already filed my taxes and received my rebate checks and I fall into the category you are talking about. $600 would come in handy right now.
No offense BWill but where the **** have you been hiding?
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Old 03-21-2008, 11:05 AM   #53
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!!!!!

Since when does this happen? Is this something new being done this year to try to jump start our hampering economy? What do I have to do to see if I qualify? I already filed my taxes and received my rebate checks and I fall into the category you are talking about. $600 would come in handy right now.
Dude, watch the news once in a while. I'm in freakin' Euroland and I know about it.
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Old 03-21-2008, 11:05 AM   #54
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I know this is very un-American of me, but I plan on putting mine in the bank. Their plan failed on me!
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Old 03-21-2008, 11:19 AM   #55
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I know this is very un-American of me, but I plan on putting mine in the bank. Their plan failed on me!
Is the money is basically an interest free loan against your taxes next year? If you get money will it be deducted from your return in 2009?

Mine goes to the bank as well. I'm not rich but I have what I need. What I want is another issue but as long as we have what we need and the grand kids have what they need we are OK.
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Old 03-21-2008, 11:20 AM   #56
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What are you going to do with your economic stimulus check?
Buy a gallon of diesel for my rig.
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Old 03-21-2008, 11:23 AM   #57
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Is the money is basically an interest free loan against your taxes next year? If you get money will it be deducted from your return in 2009?
I've heard several people mention that, but no, it's a tax rebate.
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Old 03-21-2008, 11:24 AM   #58
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We don't qualify for a rebate. Can you believe that bullshit? Apparently the more you put in the less you get out. There is something wrong with that picture.
I'm with you onthis one. I can't beleive it. Biggest crock of BS ever.
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Old 03-21-2008, 11:25 AM   #59
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Is the money is basically an interest free loan against your taxes next year? If you get money will it be deducted from your return in 2009?

Mine goes to the bank as well. I'm not rich but I have what I need. What I want is another issue but as long as we have what we need and the grand kids have what they need we are OK.
Q. Is my stimulus payment taxable?

A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment. In the event you do not qualify for the full amount this year but you do next year, you will need to have the letter as a record of the amount you previously received.

Q. Will the payment I receive in 2008 reduce my 2008 refund or increase the amount I owe for 2008?

A. No, the stimulus payment will not reduce your refund or increase the amount you owe when you file your 2008 return.
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Old 03-21-2008, 11:26 AM   #60
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