Archive for 'Taxes'
USA Today: Rebate checks diverted to debts
USA Today has this story today: Rebate checks diverted to pay $2B in debts.
A snippet:
So far, 1.8 million rebate checks have been intercepted by Treasury Department computers showing that individuals owe money to federal or state governments.
The biggest beneficiaries: parents who are owed child support.
Posted: June 25th, 2008 under In the News, Single parenting and split families, Taxes.
Comments: none
IRS increases mileage reimbursements
The Internal Revenue Service has increased mileage reimbursements for business, charitable, medical and moving expenses. See IRS press release and CNN Money report Mileage write-off jumps on pricier gas.
Now, the sticking point for those living on a budget is whether they fall under the standard or itemized deduction rules. Some people are hit pretty hard […]
Posted: June 24th, 2008 under Gas prices, In the News, Taxes.
Comments: none
2,000 eligible local residents didn’t file for stimulus checks
Here’s a headline from page 1A of today’s print and e-editions of The Monroe Evening News that should get your attention:
Did you forget something? Thousands haven’t filed for stimulus checks
A snippet:
The Internal Revenue Service estimates that about 2,028 Monroe County residents who receive Social Security or veteran’s benefits haven’t filed for economic stimulus tax payments […]
Posted: June 24th, 2008 under Charities and donations, In the News, Taxes.
Comments: none
Detroit News: Home values hurting city budgets
If you’ve been watching the headlines in The Monroe Evening News, you know the city of Monroe has been working on some difficult budget discussions. This is a scenario that many other municipalities across the state are facing, because lower property values mean lower property taxes. But there aren’t many options because there isn’t enough […]
Posted: May 26th, 2008 under In the News, Taxes.
Comments: none
Why we’re getting a paper check for economic stimulus
Hmm. There is another twist on the paper check-direct deposit problem:
Split direct deposit checks - where the original tax refund money went into more than one account - will put you on the paper check list.
I finally got through on the phone to an IRS customer service agent this afternoon and got the answer as […]
Posted: May 22nd, 2008 under Rants, Taxes.
Comments: 3
Watch for errors on those IRS checks
Jesse Mayo, who blogs at Veteran’s Review, has posted a couple of stories on the MonroeTalks forums regarding glitches in the economic stiumulus checks payments:
WXYZ TV 7 in Detroit: IRS says up to 350,000 didn’t get child credit.
Fox TV 2 in Detroit: Some IRS Rebate Money Going to Wrong Accounts.
(Yes, I know. The MT site […]
Posted: May 16th, 2008 under In the News, MonroeTalks, Taxes.
Comments: none
Tax deductions for clothing donations
I just dropped off a box to Goodwill in Monroe: mostly clothes, some craft supplies, a couple of mis-matched mugs.
The clerks always offer me a tax receipt, although I decline. I haven’t quite jumped into the mentality of all the record-keeping that would involve with Goodwill donations.
But I did keep the receipts for home and […]
Posted: May 15th, 2008 under Charities and donations, Clothing, Taxes.
Comments: 1
Free Press: Wonder where your tax cash is?
Apparently there are even MORE wrinkles in this economic stimulus tax check program.
The Detroit Free Press has a story today titled: Wonder where your tax cash is? It could be delayed.
A snippet:
Many people are seeing stimulus payments pop up in their bank accounts on time, or earlier than expected. But some families aren’t getting the […]
Posted: May 15th, 2008 under In the News, Taxes.
Comments: none
Tax rebate bonuses - who’s got them?
There’s an Associated Press story on page 1A of today’s print and e-editions of The Monroe Evening News regarding incentives that some retail businesses are offering for you to spend your tax checks with them.
I’ve noticed that a lot of the national media coverage and blogger discussion on that topic mentions stores that aren’t in […]
Posted: May 6th, 2008 under In the News, Sales and deals, Taxes.
Comments: none
Are you REALLY on the IRS Direct Deposit list?
Here’s a question about the economic stimulus check payment schedule: Are you REALLY on the IRS Direct Deposit List?
Here’s what you need to know first: Did you get your refund direct deposited from the IRS? Or did you get that direct deposit on a refund anticipation loan arranged through your tax preparation service? Or did […]
Posted: May 5th, 2008 under Taxes.
Comments: 4
