Posts Tagged ‘stimulus’
The most oft-asked question about stimulus checks
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…
Read MoreYour stimulus check- how to make sure IRS gets it right
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…
Read MoreHow to understand the stimulus tax bill
Knowing tax law can be difficult to read, we offer the following visual aid.
Read MoreWow- that stimulus stuff is really working!
Look no further than this chart for proof of how little effect the stimulus money has on the price of GM (Government Motors). Ford took no government bailout while GM took billions of your hard-earned dollars. I would say that it’s not much of a return on the taxpayer’s investment. It’s good to remember that except…
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