zcaveman
05-01-2009, 09:58 PM
After a back and forth with a friend in Jax about the $800 tax credit, he came across this:
http://www.google.com/hostednews/ap/article/ALeqM5gkep0UU55rYxFXyIKMRy9Zv0Oo-wD97T2ON02
I pulled out the part that is probably meaningful to most of us. Before you rejoice over the additional money in your account from the reduced withholding, read this and make sure that your WHT is enough to cover the taxes next April.
Z
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"Some retirees face even bigger headaches.
The Social Security Administration is sending out $250 payments to more than 50 million retirees in May as part of the economic stimulus package. The payments will go to people who receive Social Security, Supplemental Security Income, railroad retirement benefits or veteran's disability benefits. . . . "
Read the rest of the article here ([url]http://www.google.com/hostednews/ap/article/ALeqM5gkep0UU55rYxFXyIKMRy9Zv0Oo-wD97T2ON02[/http://www.google.com/hostednews/ap/article/ALeqM5gkep0UU55rYxFXyIKMRy9Zv0Oo-wD97T2ON02)
http://www.google.com/hostednews/ap/article/ALeqM5gkep0UU55rYxFXyIKMRy9Zv0Oo-wD97T2ON02
I pulled out the part that is probably meaningful to most of us. Before you rejoice over the additional money in your account from the reduced withholding, read this and make sure that your WHT is enough to cover the taxes next April.
Z
-------------------------------------------------------------------------
"Some retirees face even bigger headaches.
The Social Security Administration is sending out $250 payments to more than 50 million retirees in May as part of the economic stimulus package. The payments will go to people who receive Social Security, Supplemental Security Income, railroad retirement benefits or veteran's disability benefits. . . . "
Read the rest of the article here ([url]http://www.google.com/hostednews/ap/article/ALeqM5gkep0UU55rYxFXyIKMRy9Zv0Oo-wD97T2ON02[/http://www.google.com/hostednews/ap/article/ALeqM5gkep0UU55rYxFXyIKMRy9Zv0Oo-wD97T2ON02)