Comments on: 5 Ways To Spend My Economic Stimulus Rebate http://fabulousfinancials.com/2008/05/5-ways-to-spend-my-economic-stimulus-rebate.html A single mom on a mission to achieve financial freedom Tue, 27 Jul 2010 21:32:37 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Rufina http://fabulousfinancials.com/2008/05/5-ways-to-spend-my-economic-stimulus-rebate.html/comment-page-2#comment-14590 Rufina Sat, 10 May 2008 23:32:49 +0000 http://fabulousfinancials.com/?p=869#comment-14590 Yeah, you are right I was not thinking-charitable contribution is charitable contribution - does not matter if you contribute out of your stimulus check or your regular paycheck I donno what I was thinking when I said that Must have been half asleep the part about new tax credit I did not know-thanks for the info so anything I get this year, will be subtracted from next year's credit if I qualify and then the difference between the two will be applied towards my taxes, right? <strong>The difference will be the remainder of the "credit" you can claim. [-SM]</strong> and if my stimulus is larger than amount of the credit I qualify for then it will be added back as my income then? <strong>No, you will not have to report any part of your stimulus payment as taxable income. [-SM]</strong> I am bit unclear on this, since I really have not been following anything on this stimulus payment at all-too many other issues to deal with right now :-( Yeah, you are right
I was not thinking-charitable contribution is charitable contribution – does not matter if you contribute out of your stimulus check or your regular paycheck
I donno what I was thinking when I said that
Must have been half asleep
the part about new tax credit I did not know-thanks for the info
so anything I get this year, will be subtracted from next year’s credit if I qualify and then the difference between the two will be applied towards my taxes, right? The difference will be the remainder of the “credit” you can claim. [-SM]
and if my stimulus is larger than amount of the credit I qualify for then it will be added back as my income then? No, you will not have to report any part of your stimulus payment as taxable income. [-SM]
I am bit unclear on this, since I really have not been following anything on this stimulus payment at all-too many other issues to deal with right now :-(

]]> By: lisa http://fabulousfinancials.com/2008/05/5-ways-to-spend-my-economic-stimulus-rebate.html/comment-page-2#comment-14483 lisa Fri, 09 May 2008 06:37:10 +0000 http://fabulousfinancials.com/?p=869#comment-14483 donate and save. donate and save.

]]> By: Chief Family Officer http://fabulousfinancials.com/2008/05/5-ways-to-spend-my-economic-stimulus-rebate.html/comment-page-2#comment-14480 Chief Family Officer Fri, 09 May 2008 03:53:49 +0000 http://fabulousfinancials.com/?p=869#comment-14480 Hm. I think your car-related payments should be budgeted for, so don't use the rebate to pay for those! I would donate some of it. Then it might be a good idea to stick the rest in savings and see if you need it for the rental. Then, if you don't, invest it. Split it between the EF and the non-taxable account you want to open. Oh, and take a little out for the vacations :) I used mine to pay off the new car we just bought! Hm. I think your car-related payments should be budgeted for, so don’t use the rebate to pay for those! I would donate some of it. Then it might be a good idea to stick the rest in savings and see if you need it for the rental. Then, if you don’t, invest it. Split it between the EF and the non-taxable account you want to open. Oh, and take a little out for the vacations :)

I used mine to pay off the new car we just bought!

]]> By: Toxic Money http://fabulousfinancials.com/2008/05/5-ways-to-spend-my-economic-stimulus-rebate.html/comment-page-2#comment-14472 Toxic Money Fri, 09 May 2008 00:54:04 +0000 http://fabulousfinancials.com/?p=869#comment-14472 That should have been "thinking".. sorry! :) That should have been “thinking”.. sorry! :)

]]> By: Toxic Money http://fabulousfinancials.com/2008/05/5-ways-to-spend-my-economic-stimulus-rebate.html/comment-page-2#comment-14471 Toxic Money Fri, 09 May 2008 00:53:25 +0000 http://fabulousfinancials.com/?p=869#comment-14471 I think it's awesome that you're even think about donating... very cool. I say spend some on yourself and BabyGirl and donate the rest! <strong>Notice "shopping" for BabyGirl was not on the list. After she started earning her own money, mommy buys necessities only. [-SM]</strong> I think it’s awesome that you’re even think about donating… very cool. I say spend some on yourself and BabyGirl and donate the rest!

Notice “shopping” for BabyGirl was not on the list. After she started earning her own money, mommy buys necessities only. [-SM]

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