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The "Stimulus Plan" - Page 4

Poll Results: How will you spend your "Stimulus Plan" $$$$

 
  • 48% (94)
    I will pay off some bills. Credit Card, Medical debt, Car Debt
  • 4% (8)
    I will go on vacation! Cruise, Camping, Disneyland passes
  • 7% (15)
    It will go toward monthly expenses, ie food, heat, water
  • 30% (59)
    It will go into savings
  • 0% (1)
    It will go to clothes, date night, personal treats ie massage
  • 9% (18)
    I will spend it on something I want, but could not afford before ie Big Screen TV, Camcorder
195 Total Votes  
post #61 of 87
Quote:
Originally Posted by Kaitnbugsmom View Post
I have no idea how much we're getting back, so I can't really make any plans. I've heard all sorts of numbers from various tv and newspaper pundits, but have googled and can't find an estimator or calculator or anything
http://www.kiplinger.com/tools/rebate/index.php
post #62 of 87
Well that is worthless if you haven't done your taxes yet. Bah.
post #63 of 87
Buying stuff for the new baby
post #64 of 87
Quote:
Originally Posted by Romana9+2 View Post
Because your income is too high, or for another reason?


Well I looked into it in more detail because I thought we were above the cut off plus we don't have any legally dependent children anymore but it appears we will get it after all. We owe 300 dollars this year in Federal so I guess it will offset that cost not sure what we would do with the left over.
post #65 of 87
we won't be getting it. because of all the interest-paid deductions, our taxable income is now "too low".
post #66 of 87
Ours will be going to pay regular monthly expenses. I wish it was going to go towards bunk beds for the girls (the littlest still sleeps with us and would be happy in her own bed), dressers for the girls since theirs are falling apart, and maybe to replace the camping stuff we lost in the flood so we could go camping again.

heh, maybe I will let the bills go hang and spend it to help stimulate the economy.
post #67 of 87
I still have an unanswered question.

What if you owe the IRS??? We are on a payment plan from 05 and 06. Will we even see it?? I'd like to see it to hold on to it and pay it towards our 08 taxes.
post #68 of 87
nm
post #69 of 87
We will be getting $2100 (married w. 3 kids) and plan to replace our dining room window. The rest will be saved.
post #70 of 87
Quote:
Originally Posted by kristenok18 View Post
we won't be getting it. because of all the interest-paid deductions, our taxable income is now "too low".
The link I read at MSNBC showed it not as taxable income but as gross adjusted income.
post #71 of 87
Quote:
Originally Posted by its_our_family View Post
I still have an unanswered question.

What if you owe the IRS??? We are on a payment plan from 05 and 06. Will we even see it?? I'd like to see it to hold on to it and pay it towards our 08 taxes.
As someone who has owed and had a payment plan in the past the IRS has always kept any money to pay our debt to them and sent us left after it's paid off. Although we only had that happen with regular tax refund money, never anything like this so I'm not 100% sure.
post #72 of 87
Medical bills and HSA . . .
post #73 of 87
If we get it, we will save most.

Dh and I will both get $100 "blow" cash and the rest goes into savings.
post #74 of 87
Quote:
Originally Posted by Arduinna View Post
As someone who has owed and had a payment plan in the past the IRS has always kept any money to pay our debt to them and sent us left after it's paid off. Although we only had that happen with regular tax refund money, never anything like this so I'm not 100% sure.
Yeah, we got a letter 2 weeks ago about them keeping our 2006 refund from the state. I'd really like to have it for this year...either way they are getting all of it.
post #75 of 87
I voted savings.
post #76 of 87
Quote:
Originally Posted by kristenok18 View Post
we won't be getting it. because of all the interest-paid deductions, our taxable income is now "too low".
just wanted to bump this thread and say KIPLINGER.COM says:
Quote:
This is your tax liability for the year, not what you need to send the IRS (if anything) when you file your return. We’re looking for the number on line 57 of Form 1040, line 35 of 1040A or line 10 of 1040EZ; if this amount is under $1200, you may add any amount you claimed for the child credit or earned income credit to reach the $1200 threshold.
And does anyone have a link to the last 2 #'s of your SSN in relation to the date your check will be sent? I'm glad because I put myself first and my last 2 are 37 dh's are 57 so we get the check earlier!
post #77 of 87
we are taking Mr N to CCED for his esophagitis. we are using some of the money to pay for that. the rest goes to other medical debt.
post #78 of 87
Savings. We are putting it into a CD with our regular refund and some savings we have for a house downpayment next year (well, hopefully next year!).
post #79 of 87
Where is the "none of the above" or "other" option? It will go towards our emergency preparedness and long term food storage supplies.
post #80 of 87
We will pay off a little debt, get french doors to replace an ugly and broken slider and we will have some desperately needed landscaping done.
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