Thursday, February 14, 2008

How much can I expect from the economic stimulus plan's tax rebate? - Update!

You know that nifty economic stimulus rebate calculator from The Online NewsHour I told you about? Turns out it was wrong. (Although it calculated the same rebate for us...) I will show you a new one if you promise to use the rebate to pay debt or build your savings. Promise? Ok. Here it is:

I guess I am not understanding something. According to everything I have read, we should get $2100. $1200 for couple and $300 per kid. I guess I will have to either look into it more or wait and see.

Update: Well, I would go with the first calculator. It has been updated based on the bill that passed on February 7th. Using that calculator our 'rebate' is exactly what it should be, according to the IRS.

Am I the only one who thinks it is insane that people like my step sister - who only works enough to keep her welfare check and has more kids than she can afford or take care of - qualifies for a rebate on taxes she doesn't pay? There, I said it. Sue me.

HT to Blueprint for Financial Prosperity

2 comments:

Anne said...

Krista,

It came out to be exactly what we were expecting based on what we've read. I wonder what the difference is.

YES, mine is going to Debt!!

Rice and Beans, Beans and Rice,

Anne

Krista said...

I'm not sure, but with the first one it was right on with everything I have read. I can't wait to throw it on the van payment!