2011 IRS Refund Schedule

If you are patiently waiting for your IRS refund, or are still working on getting your taxes done, check out the 2011 IRS Refund Schedule to see when your refund will be making its way to your bank account.

The schedule includes not only electronic refunds but paper check refunds as well. It also is in Spanish on page two. The schedule shows refund dates up through October 20th 2011, if you happen to file an extension.

And if you have an Android or iPhone, the IRS has an app for that as well. Check out the press release here

I did my taxes last weekend and it looks like I should be getting mine on 3/11.

Free TurboTax Basic Download

Oh yes, even though the Turkey has yet to be carved, it is never to early to talk about the 2010 tax season coming up.

There is currently a Turbo Tax promo going on where you can get a free download of TurboTax Basic to help you prepare and file your 2010 taxes. Note that Turbo Tax basic includes free prep and filing for up to 5 2010 federal tax returns. There is an additional cost $19.95 for filing state tax returns.

If you have a pretty simple tax return, then downloading the free turbotax basic is probably the most cost effective way to go.

However if your taxes can be more complicatated and you need a turbo tax version with a little more features, then check out the TurboTax product comparison page for more details.

Bernanke Hopes for 2009 Tax Stimulus

Yesterday, Federal Reserve Chairman Ben Bernanke endorsed the possibility of another tax rebate sometime in 2009. Again, the point of this rebate is to stimulate the economy by giving cash to the people to start spending. According to the White House, they are high on the idea of another stimulus package in addition to the $700 billion dollar bail out plan passed a few weeks ago.

Details are still scarce as to when the rebate will be passed as well as how much we will all see in our pockets. Democrats and Republicans jointly think this is a good idea, primarily since this is election season I’m sure. I guess the real question is how are we going to pay for all of this. The government seems to be doling out money like it grows on trees. We are still paying for an expensive war, paying golden parachutes to executives that caused the economy to crash in the first place, as well as carrying a huge national debt. Kind of funny to think that if I ran my finances like this, my home would be in forclosure which is the same reason we are in this mess.

It remains to be seen if this 2009 tax stimulus rebate will do anything to jump start the economy. The last tax rebate has not shown that it did much to help. I can tell you right now that if I receive anything from it, it will be going straight into the bank into my emergency fund. Besides, you never know when they will be asking for it back in the form of a tax increase later!

As more details appear about this new proposed rebate, I will be posting about them here. So keep checking back, or sign up for email updates in the upper left corner of the site.

2009 Tax Stimulus Rebate a Reality?

EDIT: Do you qualify for the 2008 Recovery Rebate? Find out HERE.

I have a little update on anther 2009 Tax Stimulus Rebate. As part of the multi trillion dollar bail out that the government is putting together to deal with mortgage / housing crisis, lawmakers have proposed building in another Tax Stimulus Rebate to help spur consumer spending. They are referring to this as Son of Stimulus. There is still no final decision or details as to how much the rebate would give each of us, but as details emerge I will let you know.

In other tax rebate related talk, Barack Obama, as part of his campaigning, is proposing that Americans receive another tax rebate. This time you would see $1000 to help offset the rising price of gasoline and to spur spending. How will this be paid for you ask? His idea is to get it from a tax on the oil company profits. Obviously since Barack is using this as a campaign tactic this could take months even if he takes office in January. I have a feeling we will see something sooner from Bush to give the republican campaign a little shot in the arm.

Will the 2009 Tax Stimulus Rebate be a reality? Only time will tell, but at the rate the economy is sinking I am definitely optimistic.

Another Tax Stimulus Rebate?

There are rumblings that there will be another tax rebate offered to Americans in 2009. I have heard the rumors but didn’t hear anything concrete until now. I am going to refer to this as the 2009 tax stimulus rebate as to not confuse this with the current rebate that is currently is progress.

This week, Congress will be reviewing a proposal that would inject $50 billion into the US economy. This proposal would mainly benefit middle class citizens similiar to the last rebate. According to the bill on the table, there will also be funds available for an increase in food stamps benefits, infrastructure funding, increased unemployment benefits as well as home heating old assistance for lower income familes.

As this bill is purely undergoing review there are no details on how much indivuidals and families will receive. The early rumbling that I hear is that the rebate will occur sometime in early 2009 if approved. I will be updating this site regularly with more information on the 2009 tax rebate as it comes available, so keep checking back.

Reasons Your 2008 Tax Rebate Might Be Delayed

Are you asking yourself “I was supposed to get my tax rebate already but haven’t! Where is it?!?!?! As the majority of rebates have been transmitted by the IRS, we are starting to see a few reasons you may not have gotten it by the time you expected. Here are some that affect the most people:

1) If you used a 3rd party tax preparation company and received an advance on your rebate from them, you will most likely get a paper check from the Government for your rebate. This is because your tax return was sent to them to pay off your tax return loan. The rebate will go the same place.

2) If you owed money to the Federal Government for your 2007 taxes, and you paid it via direct debit, unless your software specifically asked you about direct deposit for the rebate, you will get a paper check, since the IRS did not get the account info that you wanted to direct deposit the rebate.

3)If you filed your 2007 tax return just before the April 15th deadline, it is possible that the IRS did not process your return prior to April 15th. If this is the case, you will receive your rebate via check. I have not seen an actual cut off date where if you submitted your tax return after that date your rebate might be delayed.

4)If you opted to pay your filing fees using the proceeds from your refund, you will receive your rebate in the form of a check. It is best to pay those fees with a credit card to keep them seperate from your rebate as this changes the way your tax return was sent to you which in turn affects your rebate.

If you think you are going to get your rebate via a check. Check out the 2008 Tax Stimulus Rebate Payout Schedule to see when you might receive your rebate.

You can also use the Rebate Status Tool to check the status of your rebate.

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