Government Rebates and Payments

New 2010 Stimulus Package Tax Breaks – Focused on Economic Aid For Middle Class Families via Increased Child Care, Student and Aged Care Credits

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[Updated following SOU speech] President Barack Obama has proposed a new round of stimulus spending in 2010, focused on middle class families struggling to pay bills and care for their families. The initiatives in the new stimulus package are a product of a middle class task force headed by Vice President Joe Biden, and will [...]

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2012 Earned Income (EITC) and Child Tax Credit – Qualification and Income Limits

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[2012 update] The IRS has officially released 2012 tax details and here are the changes to the Earned Income and Child Tax Credits: – The 2012 Child Tax Credit (CTC) will remain at $3,000, thanks to provisions in the bush-era tax cuts extension. This extension will ensure an ongoing tax cut to 10.5 million lower [...]

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A Second 2010 Economic Stimulus in President Obama's New Job Programs Focusing on Small Business, Infrastructure and Home Energy Efficiency

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President Obama has announced three proposals intended to turn around the nation’s ailing job market and spur employment growth, including strengthening investments to small businesses who are finding it hard to get loans in tight credit markets, upgrading infrastructure across the nation and promoting home-energy efficiency projects. “Having finally moved into positive territory when it [...]

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2012 Unemployment Benefits Insurance Extension to 2013

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[Updated March - 2012 Unemployment Benefits Approved by Congress] Congress has passed legislation, signed by the President, that extends unemployment benefits into 2013. This is part of legislation that extended the payroll tax credit and doctor medicare reimbursements through December 2012. However the unemployment benefits extension has been changed to a tiered structure based on [...]

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Update on the $250 Social Security Stimulus (SSI) Payment in 2010 for Retirees, Veterans and the Disabled Who Get No COLA Increase

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[Update Dec 2010 - No $250 SSI Payment in 2010] Congress officially nixed a one-time payment of $250 in 2010 to Social Security recipients who haven’t received cost of living adjustments (COLA) since 2008.  The cancellation of a $250 SSI payment in 2010 was justified on the basis of low inflation (see update below). But many seniors are [...]

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Updates & Taxes on the Economic Stimulus Credits and Payments

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[Updated Jan 2011] : No New Taxes with Tax Extensions Approved. President Obama has now signed into law a bill that covers a temporary extension of all the bush-era tax cuts. The new bill also contains extensions to some of the 2008 stimulus tax breaks, and even has some new tax cuts. You can see [...]

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Claiming The $8,000 First-Time Homebuyer Tax Credit Extension Approved and Expanded with $6,500 For Existing Home Owners

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[April 2011] See an update to this post here and claiming it in your 2010-2011 tax returns ____________ [Update July 2010] Approved! First-time home buyers now have until Sept. 30 2010 to close on their home purchases and qualify for the $8,000/$6500 tax credit under a new extension bill passed by Congress and signed into [...]

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Food Stamp Program Now Supplemental Nutrition Assistance Program (SNAP). Helping to Feed Millions of Poorer Americans

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[Updated August 2011] The Federal Food Stamp Program is now known as the Supplemental Nutrition Assistance Program (SNAP). With the stimulus aspects of this program set to expire at the end of this year following the debt ceiling related cuts, folks need to now work through their local state offices to get food stamp/SNAP assistance. [...]

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Free Money From The Government – More Stimulus Checks, Social Security Payments and Tax Credits in 2010, 2011 and Beyond

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[Updated] : Is a 2012 jobs and stimulus package on the cards? As discussed in this article, President Obama has indicated that his new economic recovery plan will be released soon; which will aim to provide benefits for a number of groups struggling under tough economic conditions. No New Taxes with Tax Extensions Approved. President Obama has now signed into law [...]

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The End of the 2009 Cash for Clunkers Used for New Tax Free CARs Subsidy – Qualification and Eligibility Criteria

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The $3 billion Cash for Clunkers program will shut down on Monday (8/24/2009). Dealers must submit any pending Clunker deals, including any necessary paperwork, by 8 p.m on Monday to get refunded for the CARS subsidy. To date, the program has recorded more than 457,000 dealer transactions worth $1.9 billion in rebates. “With a date [...]

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