Stimulus payments starting early.

[Stormwalker]

I didn't catch that, but from what I've read the money were getting is essentially borrowed from next years taxes.

This is not taxable income; and it will not reduce the refund you are getting next year or increase the amount you owe.

[Southern]

I already got mine.

[Stormwalker]

What I found hilarious this tax season is people that had some pretty decent returns were SO concerned about "when they were getting their stimulus payment". They wanted to know when it would come, what day or week or whatever. "When do I get that $600?????". Never mind the $3400 fed return, they didn't care about when that would arrive. It was kind of like "WTF". And this wasn't just a couple of people or something, this was the case with a LOT of people. I just found it somewhat strange.

[Max Power]

I didn't catch that, but from what I've read the money were getting is essentially borrowed from next years taxes.

Nope.

[punch]

You didnt read the last one of these did you. it was a big debate and the outcome was it isnt an advance like previously thought, it is more of a grant to the consumers.

I didn't catch that, but from what I've read the money were getting is essentially borrowed from next years taxes.

[TRDon]

http://money.cnn.com/2008/04/24/pf/t...ney_topstories



I still think this whole thing is a sham. Instead of giving me a $600 advance on next years taxes, how about government just keep the money and LOWER TAXES.

Oh wait, that can't happen because we have a money-pit of a war to fund.

Anyone else get frustrated with this BS?

You didnt read the last one of these did you. it was a big debate and the outcome was it isnt an advance like previously thought, it is more of a grant to the consumers.

[punch]

http://money.cnn.com/2008/04/24/pf/taxes/Stimulus_checks/index.htm?section=money_topstories

NEW YORK (CNNMoney.com) -- The federal government, eager to boost the flagging economy, will start distributing special stimulus payments Monday - four days earlier than expected.

"Beginning Monday, the effects of the stimulus will begin to reach households," President Bush said Friday. "This money is going to help Americans offset the high prices we're seeing at the gas pump and at the grocery store."

The department announced the early arrival of the payments Thursday after saying last month that it would begin sending out the money on May 2.

As of next week, 800,000 tax filers daily will begin to have their checks directly deposited Monday, Tuesday and Wednesday. No checks will be distributed Thursday, and 5 million payments will be made Friday.

I still think this whole thing is a sham. Instead of giving me a $600 advance on next years taxes, how about government just keep the money and LOWER TAXES.

Oh wait, that can't happen because we have a money-pit of a war to fund.

Anyone else get frustrated with this BS?