This information came to me from one of my Best Sources!! Thanks JMH!! I wanted to share. I plan to send it to my entire past and current client database as a marketing piece. I think my clients will want to know exactly when they will get their check from Uncle Sam for either $600 to about several thousand dollars depending on how many children they have and why. Each child is worth $300 in rebate check. Below is a schedule for the issuance of the Tax Relief Checks this summer. |
| The check is in the mail | | Week | Last 2 digits of your SSN | Receive your check by week of | | 1 | 00 - 09 | July 23 | | 2 | 10 - 19 | July 30 | | 3 | 20 - 29 | August 6 | | 4 | 30 - 39 | August 13 | | 5 | 40 - 49 | August 20 | | 6 | 50 - 59 | August 27 | | 7 | 60 - 69 | Sept. 3 | | 8 | 70 - 79 | Sept. 10 | | 9 | 80 - 89 | Sept. 17 | | 10 | 90 - 99 | Sept. 24 | | For married taxpayers who filed a joint return, the first Social Security Number on the return determines the mailing date. Source: Internal Revenue Service |
|
If you made less than $75,000 in 2007, you get $600. A couple earning less than $150,000 gets $1,200 back, plus an additional $300 per child. If you made at least $3,000 but paid no taxes, you still get $300. But here's where it gets tricky. The rebate is technically an advance credit for your 2008 taxes, leading some to believe the extra money will come out of your refund for next year. It's a one-time stimulus to the economy, and it won't affect anything that anybody has for next year. The IRS gave Call 4 Action the same assurance. Plus, it said you can get another $300 next year on top of the rebate check if you have a child in 2008. And unlike years past, it won't make you pay taxes on that rebate money. But many of you who are elderly or low-income, living off Social Security or veterans benefits, could miss out altogether. To get the rebate check, you must file a tax form for 2007, even if youare not required to do so. Otherwise, you are passing up what is essentially free money.
I HOPE THIS INFORMATION CLEARS UP THE MURKY PICTURE OF WHEN ALL OF THIS STIMULUS WILL START TO
TRICKLE DOWN TO THE LITTLE GUYS!!! Basically late summer.....
AFTER A GREAT WEEKEND>>>>>> I wonder what this week could bring. Good things I am sure!!!!
There has been talk this morning on Squawk Box about getting the Fed involved as a buyer of Mortgage Agency
Products..... Mortgage Backed Securites...
THIS WOULD BE GREAT AND BRING SOME CERTAINTY TO AN UNCERTAIN SITUATION!!!! THE CONVENTIONAL MORTGAGE MARKET.
All the smart people on TV these days seem to realize at least one thing..... If the average American has to make their way on
what they have right now as a mortgage... It could be a tough road.
A good percentage of America needs/wants to refinance into a lower FIXED interest rate and hunker down in the house that they like for the long haul..... or the short haul, whatever their
choice might be. Without a good bit of these wanne be refinancers getting their refinances accomplished....... the average american consumer's purse strings will continue to be constrained
for months and years to come. This means that whatever state the economy is in right now.... a pre Recession, or a Recession
depending on who you talk to... this state would be extended, and that we might be in this type of situation for a while.
I VOTE FOR LOWER INTEREST RATES FOR THE REST OF 2008!!!! NOW WHERE ARE THOSE SUPER DELEGATES AT WHEN I NEED THEM??
WHO'S WITH ME???