rebate – Elite CPA Tax

Georgia makes a common-sense move on taxes!

By elitecpas | March 24, 2022 |

March 23, 2022, 5:03 PM Georgia will be sending $1.1 billion in refund checks to taxpayers in the coming weeks after Gov. Brian Kemp signed legislation Wednesday designed to help families cope with the recent surge in inflation. Kemp, first-term Republican seeking reelection in November, signed H.B. 1302, which offers an income tax credit to…

The most oft-asked question about stimulus checks

By elitecpas | May 28, 2020 |

Q: What if you had extra one-time income (an IRA withdraw for example) and exceeded the income limit to receive an advance stimulus payment? A: The law specifies that stimulus checks are based on a temporary, refundable tax credit for tax year 2020. If your income will be substantially less this year and you otherwise…

Your stimulus check- how to make sure IRS gets it right

By elitecpas | April 11, 2020 |

Most of us are a little doubtful of the IRS’ ability to get things exactly right especially with the rebate being partially phased out as your income goes up. If you’d like a method of double-checking the government’s calculation of your soon to be coming stimulus check, feel free to use our calculator below. Just…