Money in the Bank?
Written by Celebrity Blogger on January 25, 2008 – 10:34 am -
I’ve been avoiding thinking about taxes because it’s just a hassle. Actually it’s only in my mind because once I sit down to do it, it doesn’t take that long. This year I might actually start earlier than April 14th because I’m excited about the stimulus plan.
CNN reports that the plan would send checks of $600 to individuals and $1,2000 to couples who paid income tax and who filed jointly. If you didn’t pay federal income tax but earned more than $3,000 you’d get checks of $300 per individual or $600 per couple. There will also be an amount per child which would be about $300. You would qualify if you earned up to $75,000 as an individual or $150,000 as a couple.
This is an effort to help boost the economy. The checks could be in the mail by June.
If you get one, spend it wisely…in fact don’t spend it. Put it in a high interest savings account. When something comes up and money is tight you’ll be glad that you have that tucked away.
Tags: Federal Government, Income Taxes, Stimulus Plan
Posted in Money Talks, Politics |
