Stimulus Check Update…File Your 2007 Tax Return
Today Bush signed the economic stimulus package but there’s a catch; you better get your 2007 tax return filed or you don’t get your check.
WASHINGTON (Reuters) - Americans eligible for tax rebates of $300 to $1,200 under the new fiscal stimulus act will not receive their payments until they file a 2007 income tax return, even if they make too little to owe any taxes, the Internal Revenue Service said on Wednesday.
The tax returns will be used to determine eligibility for the rebate payments, said IRS acting commissioner Linda Stiff.
Stiff said the IRS anticipates that some 10 million to 20 million additional returns will be filed by some low-income workers, retirees on Social Security, disabled veterans and retired railroad workers that were not previously required to file.
“Even if you did not otherwise earn enough to file a return, you will need to file a tax return. You must to do so to receive a payment,” Stiff told a conference call.
The tax returns must show income of at least $3,000 in order to qualify for a $300 stimulus payment for an individual or $600 for a couple, plus $300 for each dependent child.
Social Security, Veterans Administration or other federal benefit payments can be applied toward this income level.
Most taxpayers will receive payments of $600 for an individual and $1,200 for a couple. IRS officials confirmed that the payments would not be subject to federal income taxes for the 2008 tax year.
Stiff said the IRS would engage in a “blitz” to notify Social Security recipients of the need to file a return, including mailings, public service announcements and working through social service organizations.
The U.S. Treasury’s tax collection arm also is encouraging more tax filers to select a direct deposit option to have their tax refunds automatically deposited into their bank accounts.
If they do, their stimulus payments also will be deposited electronically, and Stiff said the money would be in their accounts more than a week faster than a paper check would sent out in the mail.
Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment.
Sphere: Related ContentFiled under: economic stimulus, economy
Good post!
Just wanted to stop by and wish you a happy Valentine’s Day. Regards from one of your new readers, and a fellow (now very important) Texan. Carol
I will payoff a Visa bill ($300) and donate the balance ($300) to Barack Obama’s campaign.
Bush is such an idiot if he thinks this will stave off a recession.
It’s a good move to help stimulate the economy, but might not be enough. The investors drove the housing market to ruin and now we’re all feeling the repercussions.
Is this stimulus amount to be paid with the refunds or seperate ? I ask because I already got my taxes file and received my refund.
answered my own question by visiting the IRS site:
Facts about the 2008 Stimulus Payments
FS-2008-15, February 2008
Starting in May, the Treasury will begin sending economic stimulus payments to more than 130 million individuals. The stimulus payments will go out through the late spring and summer.
The vast majority of Americans who qualify for an economic stimulus payment will not have to do anything other than file their 2007 individual income tax return to receive their payment this year. They will not have to complete applications, file any extra forms or call the Internal Revenue Service to request the payment, which is automatic. The IRS will determine eligibility, figure the amount and issue the payment.
Stimulus payments will be direct deposited for taxpayers selecting that option when filing their 2007 tax returns. Taxpayers who have already filed with direct deposit won’t need to do anything else to receive the stimulus payment. For taxpayers who haven’t filed their 2007 returns yet, the IRS reminds them that direct deposit is the fastest way to get both regular refunds and stimulus payments.
Thank God for Bush and the Republican party !
Cain 73:
Thanks for the updated information.
Well, thank God for conservatives sure… however… Bush is no dummy… this will do little to nothing to stimulate the economy and he knows it. The tax cuts that would stimulate the economy would never pass- largely on account of the majority party caring more for politics than the good of the people. Furthermore, the beloved Obama (as well as Billary) would cast this as more “tax cuts for the rich” (rich can be defined as any single person making greater than $29000p/y …apparently) creating a virtual bloodbath for this election cycle. Christopher, you should probably hold on to that extra $300. You may need it when Barak jacks you with a 20% tax hike… or you can send it to me to compensate for future loses
He may be great at saying nothing, but its the little bits of substance that slip through the cracks you’ve got to look out for. Raising taxes… punishing corporations and individuals for success…. more regulation… yeah, that’s a great economic stimulus plan. And also the exact opposite of everything America was supposed to be. I can’t wait to hear the outcome of that package laid at the feet of GWB.
this is a good thing !!!! everybody sounds so liberal/far left & a Bush hater.
whoever is your president you should be respectful & have pride in your country !
our forefathers must be turning in their graves for all the Bush bashing & hatred for this awesome country,most of the hatred is from the far left/liberal clowns in our own country.
back to the point:::: this check is a good thing…..
Bush is no idiot,,he’s human & he knows that most people will be paying bills off etc…with their checks. i think a small few will go out & buy that huge plasma tv.
be grateful you’ll get a check & be proud to be an american !!!!!
thank God the democratic far left liberals didnt vote against this bill., maybe they’ll get a check too…..lol
like i said : our forfathers would be turning in their graves for all the bashing. they didnt do it,they were gentleman about it. if they didnt like a president or agree on his politics,they still respected the position of a president.
if we get attacked again like 9-11,,before we choose a new president,,Obama will have no chance in winning.
Mccain will get the nomination cause he’s got the expieience to deal with these lunatics.
if Obama is in office & a 9-11 happens again,,,,he has absolutely no expierience or balls to deal with that & will probaly crawl under his desk where his wife will be….don’t forget,,,she’s never been proud to be an american….
georgie rockwood:
Do you realize that the money you will receive is an advance on your 2008 tax return. Meaning the money you get this year from the economic stimulus package will be deducted from any tax refund you would get on your 2008 taxes.
BTW: 9/11 has nothing to do with the checks or this post.
From the IRS website:
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 or increase your refund when you file your 2008 return.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
Do you know who said that? No?
President Theodore Roosevelt. Mr. Rockwood, you seem to know very little about history. The founding fathers didn’t believe you should agree with everything the president says or does just because he’s the president. They believed that open criticism and discussion was the best way to come up with a compromise and the only way to govern a true democratic society.
Also, I imagine if Obama or “Billary” is elected president, all of your “whoever is your president you should be respectful” crap will go right out the window.
Enjoy your stimulus check… and please feel free to explain to me how borrowing money from China is going to stimulate the economy.
Joshua Smith:
Thank you for reminding us which Republican president said we should have criticism of the President.
It’s stunning to me that with all the information available at ones finger tips some people are still uniformed and refused to educate themselves.
China, not only will they get interest from the billions Bush borrowed but they will gain profits from all the Wal Mart shoppers who spend their checks there..
Farley621:
Thanks for the correction and updated information.
yeah nytexan,,,dont worry you wont be taxed in 2008 for the stimulus check,,,so enjoy your check !!!!
joshua,,,you didnt connect in what i was saying:::
regardless in what you feel for the president. i dont know where you stand…….far right….middle….or to the far left as a crazy far left lunatic liberal that believes America is more a threat than the terrorists !!!!
( part of that Rosie / Charlie Sheen // Bill Maher….crowd of far left lunacy)
you still need to respect who is president & the position it holds for democracy in the world & be proud to be an American.
you never hear Christians complaining about Jesus..(dont forget this country was founded by born-again christian men who based every aspect of their lives on their christian faith & personal walk with Jesus Christ……Judeo Christian Principals was the foundation of this country & over time the secular progressors have been trying take this country away from those foundations)……………
I have to make-out and file a income tax form.my wife works with w.n.y.DDS as a volenter, and at their in serxvice meeting they got a 1040A to fill out to recieve their Stimulus. do we,my wife and I need to fill this 1040A form, or is our Tax form enought?
hey Dick wstburg,,,,if you go to the irs’s website, according to the irs,everyone who fills out a 1040 income tax form for 2007 will qualify for a check. on the web site its pretty clear on who qualifies etc… & they break it down to your yearly income with children or without children.
obviously youre going to get more if you have children.
the regular tax form : 1040,,is enough to qualify.
A stimuls check is something you will never see when a Dem is in office. To Christopher on the 14th, I feel sorry for anyone believing in Obama. He has no experience. By the way, he wasn’t in office when the vote came up whether or not to go to war. Nice try, for trying to throw that in Billary’s face, O. I am simply amazed at the delusional people that think O is going to change the world. He can promise rainbows everyday but can he produce them? Wake up America! The young people that are following him right now are clueless. Everytime I hear a young person interviewd about who they are voting for and they say O, my heart sinks. When the reporter asks them why, their response is “he inspires me”. GAG!!!
You people who blame Bush for the recession dont have a clue. Democrats took over control of both houses two years ago and they are the ones who control the economy. You can blame Bush for the war if you want to but the economy is all Democrats. Do try and understand the system before you open your mouth and insert your foot.
Actually the Democrats think every white working American is the rich. They want all of our money so they can give it to the illegal’s and those to lazy to work. If we go with the democrats plan pretty soon they wont be anyone working and then where will they get thier wellfare checks.
Cary:
Actually the Democrats took control of Congress Jan 2007, which is 13 months ago not 2 years. By the way the Republicans controlled Congress from Jan 1998 - Dec 31, 2006. So please explain you comment about Congress.
This is the third Bush tax check, 2001 and 2003 now 2008. Theses checks are designed to jump start a stalled economy. The last two didn’t work as expected and most people plan on sending the 2008 money to their bills and not the economy.
Also, under Bush the Fed has cut the prime rate an historic number of times, which is not good economics. The last one was a hail Mary pass” that didn’t work.
Cary:
Your statement:
“Democrats think every white working American is the rich”
Interesting since most democrats are middle class or poor.
The rest of your statement is completely uninformed and incorrect.
How do you give money to “illegal’s”, when the GOP keep saying that we don’t know who the 12 million illegals are? How can you send money to someone you don’t know? Also how do they know there are 12 million of illegals if they don’t know who they are.
Have you thought to ask yourself those questions?
BWT: Economic stimulus checks are not welfare checks.
If you read the post you would know that you have to file a 2007 tax return and have refund coming to get the $300.00. Also you have to made $3000.00 in 2007 to qualify.
georgie rockwood…..you’re an idiot. Born again Christianity was not around at the time of the founding fathers. Born again Christians is a VERY new concept in the whole history of Christianity. Protestants of the time are not equivalent to today’s born again culture. Stop talking and go to college…
People should really find all their information out before making posts about the stimulus package. It is not going to affect your 2008 earnings.
Jessie:
the post does not state that it is going to affect your 2008 earnings. That came up in comment # 8 and Farley621 corrected that statement in comment #9 with information from the IRS page.
We haven’t received any info in the mail yet. We have already filed and received our refund. What now?
Wow. I stumbled on this site to find out whether the e-mail about the ETA of those checks was a hoax or not and have to say that some of the conservative spew coming out is almost embarassing. I don’t think I need to respect a man who complains loudly on public television and to the world that “Too many OB/GYN’s can’t practice their love with women.”
I fancy myself a bit of a Republican but can’t honestly say that my confidence is in GWB (mainly because of privacy issues that he has violated - just the opposite of the small government that the Republican party preaches, but that’s another story). The main reason I’m posting here is because of the ignorant statement about the US being founded by Born Again Christians. I almost fell out of my chair.
This country was founded on the tenets of Freemasonry. No, ladies and gentlemen - this is not conspiracy. It is fact. While Freemasonry may be religious in nature, it is not a religion, and the constitution and Declaration of Independence reflect the soul of Freemasonry. They observe basic Truths. Ever read the words “We hold these truths to be self evident…”?
Again, it’s not conspiracy - George Washington, Ben Franklin, Governor Caleb Strong…..There were about 55 signers of the Declaration and even more drafters of the Constitution that were Freemasons. It was based on the concept of “No Secular Order”, meaning no religion would be greater than another, and hence unable to rule the masses.
As a closing thought, the oppresive ruler of the time that these documents were both drafted also went by the name George - and how’s this for conspiracy, our President is a distant relative of that king.
Kentucky family, the Stimulus checks will start mailing out mid to late May. After April 15, the IRS will turn its resources to calculating the rebate from the tax return you filed. I expect the calculations will be in the order they were received.
If you bookmark the IRS web page, there is a link to all the answers about the Stimulus Package.
http://www.irs.gov
I Am very sad t learn that those of us who are disabled and on SSI will not be able to get the check…We need HELP too! If I had my choice I would much rather be working but due to my condition I can’t.. Now while a lot of good people are etting extra help..we are left out..but our bills are just as high and some of us can barely make ends meet..We pay taxes too Mr Bush!!
nytexan person is a joke! first, you DON’T have to file a 07′ tax return and get monies comming back in order to recieve a stimulus check! I’m on SSDI and if you make $3,000 or more in 07′, you’ll get a $300 check if you’re single with no dependants. Also, this web sites about the stimulus check, and not about fore father, 911, christianity, Obama, Billary, etc, etc… and I agree with Ellen Hamm… luckly for me, I got out of SSI, but I see where’s she’s coming from
If I owe (and are paying on) a past tax year, will I get this rebate or will it be towards the amount I owe?
Trish:
If you have a balance the money will be put towards your balance. Which is good because of the interest and penalties that you are accruing daily.
AND
Imdaman:
Well I guess you don’t do your research before you spout off incorrect information.
From the IRS web site
http://www.irs.gov/newsroom/article/0,,id=177937,00.html
Updated March 28, 2008
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 stimulus payment.
Updated March 25, 2008
Basic Eligibility
http://www.irs.gov/newsroom/article/0,,id=179181,00.html
Q. What do I need to do to get an economic stimulus payment?
A. All you need to do is file a federal income tax return for 2007. Even if you are not otherwise required to file a tax return, you must file a 2007 return in order to receive a payment this year.
Although some filers, such as high-income filers, will not qualify for a stimulus payment, most will.
nytexan: I never said a vallid social security number or not… I ONLY commented on what you said earlier-”If you read the post you would know that you have to file a 2007 tax return and have refund coming to get the $300.00. Also you have to made $3000.00 in 2007 to qualify.” You said this nytexan! and in retort, I said-”you DON’T have to file a 07? tax return and get monies comming back in order to recieve a stimulus check!” I just filled for a stimulus check with IRS yesterday… so, I think I know how the stimulus check works for my situaion. Apparently nytexan doesnt know how to read critically because if he did he’d know what was being expressed. He seems to go off into this imaginary world where he feels his views cannot be challenged! I bet he’s the type of guy who always wants th last word in an argument.
I put my 2008 taxes in my checking account.But i dont have that account anymore,how will i let them know or how will i get my check?
Kelly:
I imagine when the IRS gets the notice from your bank that the account is closed they will send the check to the address on your tax return. It will probably take longer.
I’m 42.Ive seen on the tv most of my life about this country’s debt.this is it in a nutshell.Democrats raise taxes to pay our debts republicans cut taxes so we can have monies to spend.for instance carter in office gas prices are now what they were then. Ronald Reagan they drop over night to .79 a gallon.you want to stimulate this economy then prices need to drop again so the American dollar will be worth something again. ive paid taxes, i am disabled now and yes i did file for the help because its not about me wanting , its about what i have to do and that is pay bills.if prices were cut to the bone again our oil reserves opened back up and green power were more available then we could all be happy.hail mary? no. just to me seems a way to buy tax payers votes im sorry to say because im as guilty as the next person who filed for this kind of help.bc had the right ideas about deficit,Reagan had the right idea about cost but who ever we put in there will be always extreme because there is no middle ground anymore
im sorry nytexan is right this is about the stimulus check and not political rants
fl.ed:
No apologies. It is difficult to separate the stimulus check and politics. The lack of domestic policies and numerous failed or ignored foreign policies by the current administration have caused the decline in our dollar. With the failing U.S. dollar, oil trading will only get higher. Many oil countries want to trade in Swiss francs but the Saudis won’t go for it and they will stick with the U.S. dollar which means far more profits for them.
I do not believe that anyone who receives a stimulus check should ever feel guilty. In fact I have encouraged many who normal would not file a return to do it so they can get the stimulus check. It is unfortunate however, that the money will go to pay bills, housing and gas which is a clear statement on how bad Americans finances are.
BTW:You are welcome to rant anytime you want. Thanks for your comments
it just wouldn’t be so bad if the head’s of our government would come up with actual solutions that would benefit everyone not just the rich or people like me who are on disability.ive seen post in here talking about our founding fathers,but meanings change all of the time because of being ratified so really no one can make sense of anything, all we have is the original wording.we wouldn’t have to worry about foreign affairs if we had the ability to just do for our country meaning take a long hard look at what we are doing who it is affecting in the united states and do something about it.homelessness wouldn’t be a problem the job markets would open back up and the dollar would be worth something again.bc again had a good idea about the deficit but the wrong one about outsourcing our jobs with the fast tract to mexico.people make this country strong when you take their jobs away from them then rant about it.i do feel guilty about the stimulus check im sorry but i cant help it but our country shouldnt be in this kind of debt if we had paid it off during bc’s 8 in office.and the goverment has to spend more.. you just cant spend money you dont have i know ive gotten over draws at the bank before at 35.00 a pop so how is it the government can get away with it ?i would be going to jail if i did something as reckless as this.if government wants to help then start at home then worry about everyone else.pay taxes then when there is a surplus of monies coming in then re invest in america. thats the only way we can help our selves
fl.ed:
The founding fathers designed a fluid document but I really don’t believe they thought it would be completely disregarded for personal and financial gain.
It will take decades to turn the country around from the many disasters of BushCo.
we’ve had 8 of bc and 8 of bush two extremes is the reason i said there is no more middle ground.i cant blame bush no more than i can blame a democrat but no one has come up with a real solution.to say higher taxes would mean for a long time again people would groan about having less of a pay check and again have to tighten the belt as it were is that good for people on disability?not when price hikes effects everyone form the top to the lowest levels. im no historian and its hard to sometimes figure out what our founding fathers ment. and maybe it was good at the time but for today’s people here in america the concept is still there but seems to have lost a lot of its meaning.do i support anybody that is running for office now?i guess it all come down to what my dad once told me and thats think hard about who would be the best crook in office
I can’t wait for my stimulus check. Thank you GWB for doing what you can to help stimulate the US economy. God Bless and may every american be as proud as I am in being a citizen of this great country!
I’M STILL CONFUSED ; I MADE {WAGES) OVER 5000.00 LAST YEAR AM I ENTITLED TO A 600.00 STIMULUS REBATE? IF NOT, THEN WHAT?
Screw Obama, Clinton and McCain! Vote for Cynthia McKinney for Prez….
OMG…. It is hard to imagine my 4 children growing up in a world where the only choices for a Republican President and First Lady go to McCain and his wife Cindy. IS THAT THE BEST THE REPUBLICAN PARTY CAN DO? I just do not understand it. There had to be another Republican couple that could have ran for office? It is public knowledge that Cindy is a Heroin Addict and has other drug addictions and has stolen from MANY charity’s she voluneered for. She always will be an addict, as sad as that is HOWEVER, I do not feel that McCain with his health issues, age and the committment his wife needs in her struggles, would be a dedicated “Commander.”
DON’T vote for Cynthia:
Personally I don’t care about candidate spouses and what they do. I am not voting for the spouse. It’s the wrong reason to vote for or against someone, just as it’s wrong to vote for Hillary to get Bill back in the White House.
BTW:This topic is about the economic stimulus package.
Well it did start out as the topic for the stimulus check but like you said in earlier post it’s hard to separate politics and the stimulus check .Any one that wants to show patriotism ive seen doesn’t get responded to. I’ve seen on here but if some one likes some one so much they want to vote for some one else iv’e seen it poo poo’ed on.yes this is about the stimulus package but i really wonder with what we have to choose from for the candidates the so called cream of the crop.wouldn’t it just about be better to write in a vote for a dead guy like frank zappa just as american people to show the people in office that we don’t care for the business as usual anymore?
just to prove a point #
KAY HUNTER-MCKENNIS, on April 28th, 2008 at 11:29 am Said:
I’M STILL CONFUSED ; I MADE {WAGES) OVER 5000.00 LAST YEAR AM I ENTITLED TO A 600.00 STIMULUS REBATE? IF NOT, THEN WHAT? that was a real question about the stimulus check
and no one answered
maybe this person found out what they needed to know from some where else i don’t know but politics as usual will dictate that discouraged people will ask something like this while working hard to try to get ahead but still no real answers to KAY HUNTER-MCKENNIS i hope you found your answer somewhere
I filed joint return on April 14th, owed taxes, paid taxes, opted for direct deposit, my husbands SSN is Between 00 & 20 have not received check yet, I realize it’s because it was not processed by April 15th, but when CAN I expect to receive my check?
Baby, 00 through 20 should get Direct Deposited on May 2 - the bank will show it as a pending transaction.
Thanks Fl.ed for pointing out the oversight.
KAY, your tax return will be automatically computed to determine if you qualify for $300 or $600.
The IRS will use the 2007 tax return to determine eligibility and calculate the basic amount of the payment. In most cases, the payment will equal the amount of tax liability on the return with a maximum amount of $600 for individuals ($1,200 for taxpayers who file a joint return) and a minimum of $300 for individuals ($600 for taxpayers who file a joint return).
Even those who have little or no tax liability may qualify for a minimum payment of $300 ($600 if filing a joint return) if their tax return reflects $3,000 or more in qualifying income. For the purpose of the stimulus payments, qualifying income consists of earned income such as wages and net self-employment income as well as Social Security or certain Railroad Retirement benefits and veterans’ disability compensation, pension or survivors’ benefits received from the Department of Veterans Affairs in 2007. However, Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment.
thanks boss :o)
nytexan
I don’t think we should blame the government for the economical turmoil we find our selves in. I think we should look at the real reason we are having trouble paying our bills, and that would be the oil companies. If they weren’t gouging us for their own personal (Selfish) gain, making billions of dollars off of us, while we slip further and further behind on bill payments, we would be able to pay our bills and buy things we want.
They say if we don’t like the price of gas, don’t drive so much. That’s easy to say, but they just don’t understand, we must drive to make a living. We have to get to work every day, so we can pay our bills. Those of us that live in rural arias, and have to travel 20 or more miles to work and don’t have the luxury of taking the bus, must drive, regardless of the price of gas. But when gas cost more and more it makes it hard to do anything but pay for gas. They say if we don’t like the price of gas to buy a car that gets better gas mileage, I say we pay way too much for gas and can’t afford to add a car payment to the bills we already have.
On a wider scale the cost of fuel has affected everything we buy at the store. The trucking industry has been hit hard by rising fuel costs therefore they rise their rates to everyone they deliver to. Think about it, anything you have ever bought or ever will buy was on a transfer truck at one time or another, so their costs will reflect what we pay for everything. So we as citizens are being charged double not only for gas but for food and clothing as well. All of which are necessary to survive in today’s America.
The oil companies are holding us hostage by setting the price they want and making a fortune off of us, and they don’t care that they are ruining our economy to do it. They just see the bottom line. Good for them, bad for us. Bottom line for us: we are spending so much on gas, food and clothing and still trying to pay our bills. There is no money left to buy what we want.
It’s hard to tell the government what to do abut the situation. I’m afraid if the government did take away the tax benefit they have been getting, the oil companies would retaliate and we would be the ones paying the price. Or if they slap them with a fine they will have to keep prices high to pay the fine. Either way for us it’s a lose lose situation. GWB is doing what he can to help us out with these stimulus checks, but ultimately the problem lies with the oil company’s lack of morals.
amen.back in carter’s era gas price were this high because of phony gas shortages when r r was in office over night it went down to .79 a gallon bush promised us already that he’d lower gas prices but jeb here in florida didn’t want him drilling in our waters.i say how about all of those capped oil wells in texas and what about the Alaskan pipe line?this foreign dependence has went on long enough the corporations are the only ones getting ahead and we as the little people get stuck with the bill.has jobs increased?not that i can see no but we sure can send our plastics and such to other country’s to buy back at higher prices.. whats the sense in something like that like i said before you want the american dollar to be worth something again then a de crease in prices will make the dollar strong again
and if not i suggest everyone move to a state that is known to have gold deposits and dig a little for yourselves when the dollar collapses
Here in NC the Clinton administration destroyed us with NAFTA. As soon as NAFTA was signed GE went to Mexico after 50 years in Hickory, and a lot of our furniture companies went to China. Hickory NC is in the Forbes top 10 list of Cities with the worst job growth with -08%. I live near there and most of the jobs I have had were in Hickory. The Community College in Hickory has had record enrollments every year since NAFTA was signed, so many people out of jobs and retraining, then flooding the job market in other arias, makes it hard to find a job around here. NAFTA was supposed to last what, 15 years? So GWB couldn’t do anything about it even if he wanted to. In my opinion jobs won’t come back until something is done about NAFTA.
BabyATX13:
Actually the government is responsible for the oversight of the oil companies gouging us. In 2005 Congress passed a law giving authority to the Federal Trade Commission (FTC) to investigate oil price gouging. However, the FTC has not been willing to investigate the oil companies. Which lead Congress last Friday, to send a letter to the FTc and demand an investigation.
So yes, the government is responsible for oversight. Oversight has been missing during the Bush administration and the GOP lead Congress from 2000- Dec. 2005
Kay Hunter-McKennis:
The amount of your check is calculated from your 2007 tax return. You can go to the IRS link below and use their calculator to figure out the amount of your stimulus check.
http://www.irs.gov/app/espc
Also here are directions for the IRS web site for the link:
Before You Start
* Have your 2007 Form 1040, Form 1040EZ, or Form 1040A available. You will be entering information from one of these forms.
* The result from this tool is just an estimate.
* Allow approximately 5-10 minutes to complete this tool.
* Please answer all questions on each page.
Remember the answer you get is only as accurate as the data you enter!
fl.ed:
One of the major problems with oil companies is that they are not will to build new refiners or preform at 100%. Some Texas refineries are running at 85% since Hurricane Rita. Yesterday, one oil company executive said; “85% capacity is just fince since we are still making money”
To me that statement is criminal.
I like you ideas:
“Fred Zappa for president.”
I think a Zappa/Jerry Garcia would be a great ticket.
“gold deposits and dig a little for yourselves when the dollar collapses”
However, the government would figure out a way to tax the heck out of the gold so you would be left with less than the value of the collapsed dollar.
BTW: Thanks for pointing out that Kay was left hanging, sometimes comments get over looked. Therefore BossKitty and I have both answered her.
Nytexan:
To clarify In 2005 the government, in the Bush administration, seeing there was a problem with oil companies gouging us, told the FTC to do a job (to investigate the oil companies). The FTC chose NOT to do said job, so the only conclusion to be made is, it is really the FTC’s fault for not doing their job. So it stands to reason we need new people in the FTC.
I still don’t see why you blame the Bush administration, except you like to blame republicans for all our problems. I may not agree with everything the government does but it is our government right or wrong and I think we should look at where the responsibility really lies and quit making general statements about how bad the Bush administration is. I could make the general statement about how bad the Clinton administration was (and it was pretty bad), but that isn’t quite fair, so instead I tell you how one aria of the Clinton admin affected me directly. In my book NAFTA was a big mistake and Clinton himself signed it into existence, therefore, that is where the blame lies. No, I didn’t particularly like Clinton as a president, but he wasn’t all bad I suppose, I never voted for him and never would. But that’s what democracy is all about, choosing the lesser of the 2 evils.
nytexan: You will have to put the money as income in next years refund but it will not be deducted for the full amount..
This stimulus payment has pluses and negatives to it.. I would love for our government to use the natural resources we have in our own country.. and bring down gas prices. food prices.. and stop selling or allowing gas to be purchased from foreigh oil companies.. what ever happend to the Alaskan Oil line that i thought 40 years ago was to help our country.. gas prices are outrageous and energy prices are awful for low income people. our government is more interested in making a dollar and making the working poor.. poorer..God Bless America.. it surely does need a blessing and that Blessing should come from our own leaders.. thru Gods direction.. Help Americans live and maintain their homes and keep families together.. Just my opinion. like so many others.. its mine.. God Bless
just something to think about.this is when you pay “taxes of “any”kind.here in fl.we have the 7%sales tax now add to the fact all the people just who buy cigarettes, alcohol ,food clothes ect. well oh and the fl lottery.and also add to that the monies that we get from charging people to drive on the turn pike.im not sure every state has a general fund. but fl. lottery used to have the slogan a dollar for lottery is a dollar for education. ok i picked up one of their pamphlets and it said that it till never take care of all of them because the money goes into the general fund.now with everyone paying these day to day taxes and going into the general fund you would think if we had a natural disaster we wouldn’t need federal aid every time we’ve had a hurricane. the monies are going somewhere that the public isnt aware of or if you remember all those senators that got the slap on the wrist for writing all of those bad checks?when i said vote for the best crook in office this is exactly what i was talking about.every state on down to the local level should be accountable and jailed for misappropriation of funds.we wonder where our taxes go why were not in a better situation is why i said i cant blame a dem or rep.it is because we vote for these crooks and when you do have a crook you get what you ask for and that for them to steal you blind.it should be time for American’s to speak out and say no to lobbyist no to big corporate spending and actually find a man of the people for the people by the people to do what is right instead of pulling these losers out of a line up and say “here’s your next president.just pay the taxes get this country back on its feet then go back to what jfk said “ask not what this country ect.this way when there is an actual surplus of money the re investment in america will mean something to its citizens down to the local level.. but make everyone accountable that you vote for that is in office or have them removed .. when approval rateings go down the toilet?start impeachment again. if you lose that much confidence in your leader then its time for him or her to step down and they shouldnt whine about it like bush did when he was looking at losing before he wanted the recount.whining lol is that what were down to for leadership?
we received a letter in the mail that we needed to file 2007 taxes to receive the stimulus payment. The letter included a 1040A and instructions how to file. We filled out the tax form and mailed it April 10th. According to the SSN number we should receive our stimulus payment May 9th, direct deposit. But that is IF our tax return was processed by April 15th. How can we find out if it was processed? Can’t use the where is my refund tool, as we are not receiving a refund and the tool will not allow entering zero for refund amount. The Where is My Stimulus Payment Tool said “No info available” So how can we find out if and when we will receive the stimulus payment? We need it yesterday!
The IRS web page may not always post the Stimulus information.
If you have not filed in a long time, the processing may take a little longer, because the computer must check for unpaid government debts first.
May 9 is Friday. Don’t start worrying until your deadline has past and not deposit was made.
If there is a deposit problem, a check will be mailed to the address you put in your return.
BossKitty, using NYTexan’s computer.
May 2nd came and went still no check.
Anyone that knows anything about this please respond to me either on here or at sleissler@yahoo.com
If my mom claimed me on her taxes, but i still filed my taxes seperately, will i still get this money back?
I will use it to pay off my computer and i will only owe 200 in it now!
thanks,i will use it to pay our bills..
well my stimulus check was supposed to be mailed out today i guess, a friend of mine already had gotten his and he was supposed to get his by may 16th , just hard to be patient when im looking at having services cut off because id hoped it would be in there today
h&r block charged me 1.00 to fill out the stimulus form, i just read but i didnt have mine to be direct deposited , was supposed to be out by today.so i hope that doesnt mean there is a hold up on the paper checks as well
In reply to fl.ed May 6′th-
The only way to NOT vote for a crook is to NOT vote.
well the electoral process is messed up, look at the years of ribbing florida people have gotten because bush wanted to whine about it and demanded a recount instead of taking a loss like a man. i really don’t care for anyone running for office that’s true, but my statement is there rr was good on his promise as well as bc, rr prices came down bc,national debt going away.bush… a lot of talk and no action as far as the american people are concerned.he’s so preoccupied with whats going on in someone elses yard he’s not paying any attention to whats going on in his own.yes it is my duty as an american citizen to vote but marilyn i can’t get caught up in some campaign promises that dont deliver like my stim check that still hasnt come in..all i say is make anyone in a government job uphold the promises he makes to the people, if he doesnt deliver get rid of him or her as their in there for their own personal agenda and not for the peoples, i am sure that someone in your family or have heard someone say vote for the best crook in office , yes my dad did say that when he was alive,a lot of what he said didnt have merit to it when i was growing up but now im 42 and see what he was talking about..if you read on here im not the only person who questions what is going on and everyone is entitled to their opinion even you if you dont agree with what i say then thats ok because thats what makes this country great is the right to disagree -find a middle ground and find a solution,the way things are now our descendants will be footing the bill for this war and they have nothing to look forward to.
OK ya’ll. About the PAYOUT SCHEDULE, the published schedule is for tax returns that completed processing before April 15. The mail out date is when your check is handed to the post office, along with several tons of other checks. The post office must sort and deliver those checks. That could take all weekend and into the following week.
As far as those checks that had to mail because of preparer intervention, the address they put on the tax returns are sometimes not accurate, The post office will not forward government checks. They will send checks back for any discrepancy.
If you filed later than April 15, your stimulus payment will follow your refund by 2 weeks.
Forget the schedule. Forget the famous letter … some will get it and some won’t. Most will get their letter after they get their payment.
This is all such utter nonsense which has confused most americans. Really it’s quite simple if you just take the time to read all information on the I.R.S. website. I truly hope everyone receives their money very soon including me! Good luck and happy fourth of July.
Thank You Scarlett, if they can reach this website, they can reach IRS website. The schedules and explanations are in 2 languages. The FAQ on IRS is quite informative. The news media has jumped on with incomplete information and confused everyone. Go to the source and get your info there!
http://www.irs.gov
Thank you Mr. President for the Economic (aka IRS) Stimulus package. Someone please tell me how this man is still in office!! Not once in any speech he or anyone else has given did they make any mention to the fact that if you owe tax to the IRS that the IRS will take your stimulus check!!!!! Yes, it’s true! As a hardworking, law abiding, tax paying American I demand an account of just how much of this so called ECONOMIC STIMULUS mumbo-jumbo will be diverted to the good old IRS after all of the payments have been issued. How many millions of dollars will the economy never see because of this?