Does anyone know if we the tax payers are going to get a stimulus check?
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All this talk about all the bussness getting rich off our tax money.Does anyone know if some of it will come our way. Something like what we got last year.I'm a single dad with a 15 year old. I work two jobs. I could use some of the give away. If we do get some , WHEN?
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Answer:
You won't get another stimulus check, but since you are working you will benefit from a tax cut, and if you have anything withheld now your withholding will be lower, so your paycheck will be a little larger starting most likely next month.
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Other answers
No stimulus check is even being discussed. Everybody who makes under $250K got a tax cut - you should see a little more in your paycheck. I get an extra $10 a week.
Wage earners are going to receive extra money weekly in their take home pay. A refundable credit of up to $400/single and $800/married.Individuals who are employed or self-employed. Benefit starts to phase out at modified adjusted gross income (MAGI) = $75k/$150k. Full phaseout occurs at MAGI = $95k/$190k. 2009 and 2010: Benefit delivered during year as an increase in paycheck via a reduction in income tax withholding. This will start in mid-summer. Eligible individuals will claim a credit on their 2009 and 2010 returns. The following link will give you a good idea of what to expect. http://digits.hrblock.com/taxtalkandblogs/stimulus/pdfs/arra2009.pdf Christine EA Master Tax Advisor This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.
Sorry, as it stands now you will not get a stimulus check. What you will get is a reduction in taxes withheld from your paycheck. There will be a $400 (sgl) or $800 (married, joint) workers credit on your 2009 tax return. Read all about it: http://digits.hrblock.com/taxtalkandblogs/stimulus/index.php Lee, Enrolled Agent http://www.hrblock.com/tax_professionals/leona_coleman.html This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to learn more.
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