What to do with that TAX REBATE?

[bastafidli]

BTW, if you cannot find that line in the article, it is because CNN updated the article 30 min ago and removed the line :-)

[hemicuda]

Originally Posted by bastafidli

Not sure if you knew this: "The checks are an advance on next year's refunds, and most, if not all of the money, will be deducted from taxpayers' refunds in 12 months' time."

that isn't exactly what I wanted to hear. I just had my withholdings adjusted and might come up short next year because of this. if only we could get the IRS abolished in favor of the Fair Tax.

Wonder why they "removed the line."

[Wakecrash]

They probably remove the line because it is not true, it is adding to the deficit for 07 and 08. I would not be surprised if they considered it income for 08 tax year, although probably not being an election year and all, fed money just grows on trees (chinese trees).

[briands]

Wonder if this has anything to do with Hauppauge's HD PVR release date.

[toricred]

I'm thinking my rebate may just about pay for one tank of gas at today's prices.

[oddjob]

I'm going to put more down on my mortgage.

[Opus4]

Is this a coincidence? They sent the stimulus to me just a few days before 2nd Quarter estimated taxes are due. I guess that solves what to do with it... On the other hand, that also solves having to move money around to pay for estimated taxes. Maybe they could do this two more times this year...

- Andy

[BobPhoenix]

Originally Posted by Opus4

Is this a coincidence? They sent the stimulus to me just a few days before 2nd Quarter estimated taxes are due. I guess that solves what to do with it... On the other hand, that also solves having to move money around to pay for estimated taxes. Maybe they could do this two more times this year...

- Andy

They might if Gas prices keep climbing.