stimulus

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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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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New Car (up to $49,500) Sales Tax Deduction in 2009 Obama Economic Stimulus Package. Will it be Extended into 2010?

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[Update on possible 2010 Extension] There has been a concerted push by various groups and congress members to get this tax deduction extended into 2010. They cite the success of this and the cash for clunkers programs in stabilizing the US auto-market. However there are concerns that extending this deduction will add to the growing [...]

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$8,000 First Time and $6,500 Existing Home Buyer Tax Credit Expiry. 2011 Extensions Available For Certain Groups

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[Updated September 2011] While President Obama has not proposed a new 2012 homebuyer tax credit in his latest economic stimulus (The American Jobs Act), he has included a great new provision for existing homeowners. Basically home owners who meet certain criteria (still to be defined) can refinance to the ultra-low rates available in today’s market. [...]

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The Next Economic Stimulus Payment

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Here are the latest articles on the Approved Economic Stimulus Payments, which you should already be benefiting from: – $800/$400 Working Tax Credit – $8,000 New Home Buyer Tax Credit – Key Dates to Receive the Economic Stimulus Payments – Tax Deduction for New Cars up to $49,500 – $15 Bn Small Business Tax Breaks [...]

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Is My Stimulus Check Payment Taxable?

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The answer is No. According to the IRS website – “You will not owe tax on your payment when you file your 2008 or 2009 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment.” That’s a relief. I am [...]

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