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Is the stimulus package just an advance on next years tax refund?

February 6, 2009 by  
Filed under Questions & Answers

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robynalyssa1 asked:


So..in other words…we are just getting our own money to spend and next year won’t get it back in our return? Anyone know about this? Thanks :)

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Comments

3 Comments on "Is the stimulus package just an advance on next years tax refund?"

  1. rob_hallock on Mon, 9th Feb 2009 2:15 am 

    I asked that when I filed my taxes, and was told no, it is a completely seperate issue that has nothing to do with our taxes.

  2. Unknown on Tue, 10th Feb 2009 11:59 am 

    The stimulus package is a way for people to gain money in hand and the government want people to spend that money to be able to spread the wealth to help economic situations that the US is going through right now. With people spending money companies and businesses will be able to hire people and there will be more job openings. People will be able to spend money and the economy should go back to normal. The only question is will it work or will more action be needed to be taken?

  3. pr_ritz81 on Tue, 10th Feb 2009 5:51 pm 

    to my understanding…. 3000 min earned wages, you get a min of 300, if you had no taxable liabilty, and 600 min if you did. you will receive either the min or your taxable liability, which ever is less in may…. whatever is left over will be a credit on next yrs tax return. :)

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