Archive for March 9th, 2008

Getting your check from Uncle Sam

March 9th, 2008 by financialgal

For me, filing my taxes ranks comparably with a visit to the dentist on my list of gotta-do-it but hate-it activities.  There have been a few years where I have actually waited until the late evening of April 15 to drive over to the post office to drop off my tax return.  However, this year there is an extra incentive to filing early.  clock.gif   Congress recently passed and the President signed the economic stimulus bill, which promises rebates of $600 per individual and $1,200 per couple, subject to certain income limits.  The rebates are scheduled to be mailed out in May; however, because of the income limits, your eligibility for the rebates will be based on your 2007 tax return.  So, say federal tax officials, the earlier you file, the less likely your rebate from the economic stimulus legislation will be delayed.  Cold hard cash is a great reason to bite the bullet, figure out where you put your W-2 form, and fire up the Turbo Tax software.

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