The Economic Stimulus Plan

February 11th, 2008

MoneyAstute Chad’s News readers have heard about the US government’s economic stimulus plan. The linked article has the facts. Essentially, the law creates a one-time tax cut for the 2008 tax year (the cut is in the form of a tax credit). The credit will be estimated, based on your 2007 tax return, and will be distributed this May. Then, when you file your 2008 return, you’ll have to determine the actual credit amount. There is also a rebate calculator to determine how much you’ll receive—looks like mine will be $600.

(via The Consumerist)

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