So, does anyone have their "economic stimulus" pay

[Rexer25]

Anyone besides me?

[littlebeast13]

Anyone besides me?

So, do you feel sufficiently stimulated....?

lb13

[gsabc]

Not yet, but I didn't file until April 14th. When you have to write that large a check, you don't want to send it in till the last minute.

[Rexer25]

Anyone besides me?

So, do you feel sufficiently stimulated....?

lb13

Not yet, but the UK should prepare. Most of this will go into a savings account so we can attend Mrs. Rexer's parents' 50th wedding anniversary next year.

[PlacentiaSoccerMom]

We aren't getting one

[Appa23]

Anyone besides me?

Nope. I have a high SS ending number.

[earendel]

Anyone besides me?

Not yet, but we did get our tax refund direct deposited. Both state and federal.

[peacock2121]

Not me.

What are you going to stimulate?

[Rexer25]

Not me.

What are you going to stimulate?

We are very patriotically going to stimulate the British economy (see previous post).

[MarleysGh0st]

Anyone besides me?

So, do you feel sufficiently stimulated....?

lb13

Not yet, but the UK should prepare. Most of this will go into a savings account so we can attend Mrs. Rexer's parents' 50th wedding anniversary next year.

Waiting a year and then planning to spend it in another country: that violates the intention of the stimulus package on two separate counts!

[peacock2121]

Not me.

What are you going to stimulate?

We are very patriotically going to stimulate the British economy (see previous post).

Your in-laws will love it. Good for you!

[MarleysGh0st]

So has anyone found an answer yet to how these stimulus checks will be treated when we file our 2008 income tax forms? Does it reduce the refund we can expect then or is it entirely off-the-books?

I'm thinking the latter is entirely unlikely.

[mellytu74]

Just got my tax refund but no stimulus check yet.

We may combined our stimuli checks for a weekend in NYC, complete with B'way show and auditions.

We don't know yet. Boonie's still not out of the Miami J collar yet, so all plans are just dreams at the moment.

[kusch]

No, but I did get a surprise yesterday. Won't quite be able to retire on it however. Back in 1987 a friend of mine in the oil business was trying to "clean" up some stuff and sold me 1 little old mineral acre. I got the division order from the oil company yesterday and they are ready to start paying out the production. My little old .0001468% of the well (based on current production and price) will bring in around $50.00/month. It will take a little over a year to finally get back my original investment after 21 years.

[PlacentiaSoccerMom]

No, but I did get a surprise yesterday. Won't quite be able to retire on it however. Back in 1987 a friend of mine in the oil business was trying to "clean" up some stuff and sold me 1 little old mineral acre. I got the division order from the oil company yesterday and they are ready to start paying out the production. My little old .0001468% of the well (based on current production and price) will bring in around $50.00/month. It will take a little over a year to finally get back my original investment after 21 years.

Congratulations!

[peacock2121]

No, but I did get a surprise yesterday. Won't quite be able to retire on it however. Back in 1987 a friend of mine in the oil business was trying to "clean" up some stuff and sold me 1 little old mineral acre. I got the division order from the oil company yesterday and they are ready to start paying out the production. My little old .0001468% of the well (based on current production and price) will bring in around $50.00/month. It will take a little over a year to finally get back my original investment after 21 years.

Not bad - one year and then you are rolling in the dough!

[gsabc]

No, but I did get a surprise yesterday. Won't quite be able to retire on it however. Back in 1987 a friend of mine in the oil business was trying to "clean" up some stuff and sold me 1 little old mineral acre. I got the division order from the oil company yesterday and they are ready to start paying out the production. My little old .0001468% of the well (based on current production and price) will bring in around $50.00/month. It will take a little over a year to finally get back my original investment after 21 years.

Wow, book the cruise!

[Appa23]

So has anyone found an answer yet to how these stimulus checks will be treated when we file our 2008 income tax forms? Does it reduce the refund we can expect then or is it entirely off-the-books?

I'm thinking the latter is entirely unlikely.

I (along with a few other people) posted answers weeks ago, when the question was raised.

It is no different than a few years ago. Think of it as an advance on your tax rebate (abovce and beyond what you otherwise would have received had they not made a temporary change.)

[MarleysGh0st]

So has anyone found an answer yet to how these stimulus checks will be treated when we file our 2008 income tax forms? Does it reduce the refund we can expect then or is it entirely off-the-books?

I'm thinking the latter is entirely unlikely.

I (along with a few other people) posted answers weeks ago, when the question was raised.

Yes, I remember that we discussed it, but it was the multiplicity of those answers which made me ask again, hoping for one official answer. Maybe even one that was honestly and forthrightly posted by the IRS.

It is no different than a few years ago. Think of it as an advance on your tax rebate (abovce and beyond what you otherwise would have received had they not made a temporary change.)

Which is as I thought.

[minimetoo26]

I'm not getting one, but I did get an offer from The Venetian in Las Vegas that says if I cash my tax refund (as if) or stimulus check (as if part deux) at their cage, I could get extra slot credits.

Is that scary, or what? I don't even gamble much there, because I only stay there when I'm with the family and we need a suite. But there is just something so wrong about cashing tax checks in a casino.

Isn't there?

[Rexer25]

I'm not getting one, but I did get an offer from The Venetian in Las Vegas that says if I cash my tax refund (as if) or stimulus check (as if part deux) at their cage, I could get extra slot credits.

Is that scary, or what? I don't even gamble much there, because I only stay there when I'm with the family and we need a suite. But there is just something so wrong about cashing tax checks in a casino.

Isn't there?

That is scary, but even scarier is the thought of the minime clan loose in Vegas.

[littlebeast13]

I'm not getting one, but I did get an offer from The Venetian in Las Vegas that says if I cash my tax refund (as if) or stimulus check (as if part deux) at their cage, I could get extra slot credits.

Is that scary, or what? I don't even gamble much there, because I only stay there when I'm with the family and we need a suite. But there is just something so wrong about cashing tax checks in a casino.

Isn't there?

You want to stimulate the economy or not?

Besides, the proceeds go towards education....

lb13

[Appa23]

So has anyone found an answer yet to how these stimulus checks will be treated when we file our 2008 income tax forms? Does it reduce the refund we can expect then or is it entirely off-the-books?

I'm thinking the latter is entirely unlikely.

I (along with a few other people) posted answers weeks ago, when the question was raised.

Yes, I remember that we discussed it, but it was the multiplicity of those answers which made me ask again, hoping for one official answer. Maybe even one that was honestly and forthrightly posted by the IRS.

Right from the IRS webpage about the stimulus payments:

It's an economic stimulus payment that more than 130 million households will receive starting in May. It's not taxable, and it won't reduce your 2007 or 2008 refund or increase the amount you owe when you file your 2008 return.

[kayrharris]

Our local Sears store is offering to take your rebate check and turn it into a Sears gift card and they automatically add 10%. Wonder if any other retailers will follow suit?

[MarleysGh0st]

Right from the IRS webpage about the stimulus payments:

It's an economic stimulus payment that more than 130 million households will receive starting in May. It's not taxable, and it won't reduce your 2007 or 2008 refund or increase the amount you owe when you file your 2008 return.

That's not as I thought. Let me read your quote again.

It is no different than a few years ago. Think of it as an advance on your tax rebate (above and beyond what you otherwise would have received had they not made a temporary change.)

So, if I get a stimulus check--and that's still not clear, since they are fuzzy about what happens about a certain threshold--there will be no notation of that fact whatsover in next year's 1040.

[Where's the emoticon for showing skepticism?]