Who Benefits Under the Economic Stimulus Plan of 2008 - June 30, 2008
The new Economic Stimulus package will do little to turn around our current economy.
However, many individuals will welcome the additional handout from “Uncle Sam?.
The $150 billion stimulus package focused on three areas: Families, Business, and
Borrowers.
Benefits to the Family
Consumers reporting 2007 earned income of at least $3,000 with adjusted gross income
of less than $150,000 (joint couples) and $75,000 (single) will see rebate checks
of at ranging from $300 to $1,200, plus child rebates. The checks will be issued
even if the individual reports no tax liability. Individuals will also receive another
$300 rebate per child. The 2008 recovery rebate credit will be payable in the form
of an advance rebate check based on 2007 return numbers. Individuals missing out
on the 2008 credit, can have a second chance to qualify in for the credit in 2009
when they file their 2008 tax return.
television for any amount of time and you will see a commercial for life insurance policies. Everyone thinks that having life insurance is a great idea but many times consumers don’t know where to begin to even find the policy and then they feel like they probably can’t afford the policy anyway. That is unfortunate because most policies are affordable and though it is one of those things in life that you hope you never need but should it become necessary you will be thankful that it was there.