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The IRS added together a $600 rebate for the parent and $600 for the two children to get $1,200, then subtracted the phaseout reduction of $750 ($50 for each $1,000 income above $75,000) to get $450. According to the IRS, the stimulus payment did not reduce taxpayers' 2008 refunds or increase the amount owed when filing 2008 returns.
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The American Recovery and Reinvestment Act of 2009 ( ARRA) ( Pub. L. 111–5 (text) (PDF) ), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009.
Economic stimulus payment or economic impact payment may refer to several tax rebates, tax credits, tax deductions and grants from the federal government of the United States: Tax rebates as part of the Economic Growth and Tax Relief Reconciliation Act of 2001. Tax rebates as part of the Economic Stimulus Act of 2008. First coronavirus stimulus ...
The Get My Payment tool operates like an application for your stimulus payment. You can access the tool on the IRS website. You will need to input your Social Security number, date of birth and ...
The current round of stimulus payments, part of a new $1.9 trillion stimulus deal, began distribution at the end of last week through direct deposit. The IRS has yet to announce the schedule for ...
The IRS has made their official announcement of the dates for distribution of the economic stimulus payments, and has also made a calculator available to help you see how much you'll get. If you ...
The Emergency Economic Stabilization Act of 2008, also known as the " bank bailout of 2008 " or the " Wall Street bailout ", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks. The bill was proposed by Treasury Secretary Henry Paulson, passed ...
In order to use the tool to track your payment, you need to provide basic information: Social Security number. Date of birth. Mailing address. If you were eligible for the first $1,200 stimulus ...
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related to: irs stimulus payment schedule/2009