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Here Comes Your Stimulus Payments!

Last post 04-09-2009 11:36 AM by Mallory. 5 replies.
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  • 04-01-2009 4:45 PM

    • Brandy
    • Top 10 Contributor
    • Joined on 03-28-2007
    • Saving in South Louisiana
    • Posts 14,161

    Here Comes Your Stimulus Payments!

    Your Dollar Stretching Assistant Community Moderator

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    Stretchpert in.... Schooling; Food Programs Co-ops and Clubs ; Recalls




  • 04-01-2009 4:59 PM In reply to

    Re: Here Comes Your Stimulus Payments!

    Okay, I think I got it: I can take the credit if I am a single person who is not a dependent on someone else's tax return, I don't collect Social Security, am not a veteran, don't receive any Railroad benefits, only have one job, and make less than $75K a year.

    But if I am married, spouse and I can make up to 150K, but I need to be careful that my spouse and I don't take too much of the tax credit, or else we have to pay it back in our tax return next year. Oh yeah, if I work out of the country that gets added to my income limits.

    The tax may also affect my W-4 withholdings, so I may need to get with my HR office to adjust that. And I can't take the stimulus before April 1, or else I may have to pay some of it back as well.

    Gosh, leave it to the U.S. Government to make it simple... Tongue Tied

    Stacie
  • 04-01-2009 5:19 PM In reply to

    • Brandy
    • Top 10 Contributor
    • Joined on 03-28-2007
    • Saving in South Louisiana
    • Posts 14,161

    Re: Here Comes Your Stimulus Payments!

    Tossing a quarter up in the air and calling heads or tails on paying back the stimulus amount is probably effective as any other solution on determining that.  Wink


    Your Dollar Stretching Assistant Community Moderator

    and

    Stretchpert in.... Schooling; Food Programs Co-ops and Clubs ; Recalls




  • 04-01-2009 10:25 PM In reply to

    • gayla50
    • Top 10 Contributor
      Female
    • Joined on 09-24-2007
    • Western North Carolina
    • Posts 3,304

    Re: Here Comes Your Stimulus Payments!

    so clear I spent at least an extra 1/2 hour doing payroll this week ..

    Gayla

    Officially Recognized Stretchpert in Frugal Food and Cooking



    Purpose is what gives life a meaning
  • 04-02-2009 8:17 AM In reply to

    • Brandy
    • Top 10 Contributor
    • Joined on 03-28-2007
    • Saving in South Louisiana
    • Posts 14,161

    Re: Here Comes Your Stimulus Payments!

    gayla50:
    I spent at least an extra 1/2 hour doing payroll this week
     

    How many do you do payroll for?

     

    Your Dollar Stretching Assistant Community Moderator

    and

    Stretchpert in.... Schooling; Food Programs Co-ops and Clubs ; Recalls




  • 04-09-2009 11:36 AM In reply to

    Re: Here Comes Your Stimulus Payments!

    Wow! I figured this could lead to end of year tax issues. Leave it to the government to make things as clear as mud. I do appreciate the link. At least I have more information now. Couldn't hurt to have a little more withheld just in case.

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