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Keep Uncle Sam cranky!

  • It's no wonder Uncle Sam is not very happy here. His vault is empty.
    Don't Mess With Taxes aims to keep him cranky by providing tax and personal finance tips and advice that will put more money in your bank account, not the government treasury.

Great Googly Moogly!

July 2009

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Tax Calendar

  • April 15 has come and gone, but millions now have until Oct. 15 to file their 2008 returns. And millions more have 2009 tax planning to do.
  • There are plenty of year-round tax dates to keep track of, as well as lots of tax-saving moves you can make between Jan. 1 and Dec. 31.
    Find them here each month.


    monthly tax moves
  • July 1: You're halfway through the year. Now's the perfect time to make some midyear tax moves that could cut your 2009 IRS bill. If your life has changed significantly since the beginning of the year, adjust your withholding to more accurately reflect your new life, and tax, situation. Just give your employer a new W-4.

    July 4: Happy Independence Day! Celebrate your independence from future tax hassles. Hire a tax professional now to help get your tax life in shape while there's still plenty of time to plan.

    July 10: Does your job include tips? If so and you received $20 in tips in June, use Form 4070 to report them today to your employer.

    July 17: Are your kids at day camp while you work? You might be able to use that expense to claim the child and dependent care credit to cover some of the costs.

    July 21: It's been summer for month. How's your air conditioner holding up? If you need a new one, make sure it's energy efficient; that way on your 2009 tax return you can claim a tax credit for 30 percent of the cost, up to $1,500. Other energy-saving home improvements also qualify. Get the details at EnergyStar.gov.

    July 31: If you kids are older and working summer jobs, make sure they understand their tax responsibilities. You also can help your youngster get a nest egg head start by helping him or her open a Roth IRA with some of those summer earnings.

    Small Business Tax Calendar -- July: Important filing, deposit and record keeping dates your company needs to know.

Carnival of Taxes

Tax Terms

  • Earned income -- It's just like it sounds: Compensation you receive from work, including wages, salaries, commissions, tips and self-employment endeavors. Learn more...
  • Unearned income -- Money that is not gained by work or delivery of a service or product. It's most well-known source is from investments. Learn more...
  • Tax rates/brackets -- The U.S. tax system is a progressive one, in which the greater the earnings, the higher the tax rate. Learn more...
  • See these and other tax terms
    in the perpetually updated
    Tax Glossary.

Cool tax quotes

  • The income tax has made
    more liars out of the American people than golf has.

    -- Will Rogers, humorist
  • I'm proud to pay taxes in the United States; the only thing is,
    I could be just as proud for half the money.
    -- Arthur Godfrey, comedian
  • Intaxication: Euphoria at getting a refund from the IRS, which lasts until you realize it was your money to start with. -- Author unknown, from a Washington Post word contest
  • "Internal Revenue Service: The world's most successful mail order business.” -- Bob Goddard, writer
  • "If you are truly serious about preparing your child for the future, don't teach him to subtract. Teach him to deduct." -- Fran Lebowitz, writer
  • "The United States has a system of taxation by confession." -- Hugo Black, Supreme Court Justice

But wait! There's more!

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    the posts shown on this page, Arrow_right click here to go to the Don't Mess With Taxes archives page. There you can browse earlier blog items by the month they were posted or by their category.

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I gotta tell ya ...

  • AKA Disclaimer:
    The content on Don't Mess With Taxes is my personal opinion based on my study and understanding of tax laws, policies and regulations. It’s provided for your private, noncommercial, educational and informational purposes only. It’s not a recommendation or endorsement of any company or product. I strongly suggest that when it comes to filing your taxes, you get additional, professional, paid-for guidance from your accountant and other financial advisers who are familiar with your individual circumstances. In other words, don't blame me!

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Friday, April 25, 2008

Rebate checks to arrive sooner

Dubya took off his blinders today and actually admitted that "It's obvious our economy is in a slowdown."

Then, simultaneously patting himself on the back, he announced that delivery of the economic stimulus rebate checks has been accelerated by a week.

The IRS hasn't yet updated its official Web page showing the new rebate delivery schedule, which is still based on the last two digits of a taxpayer's Social Security number. But I've adjusted the ones previously posted here on the ol' blog.

First we have the new timetable for folks who included bank account information their 2007 returns so that their refunds -- and rebates -- can go straight there:

Rebate Direct Deposit Schedule
SSNs ending in 00 through 20 Deposited by April 28
SSNs ending in 21 through 85 Deposited by May 5
SSNs ending in 76 through 99 Deposited by May 12

And here's the new schedule for actual rebate checks that will be delivered by your U.S. Postal Service carrier:

Rebate Mailing Schedule
SSNs ending in 0 through 9 Mailed by May 9
SSNs ending in 10 through 18 Mailed by May 16
SSNs ending in 19 through 25 Mailed by May 23
SSNs ending in 26 through 38 Mailed by May 30
SSNs ending in 39 through 51 Mailed by June 6
SSNs ending in 52 through 63 Mailed by June 13
SSNs ending in 64 through 75 Mailed by June 20
SSNs ending in 76 through 87 Mailed by June 27
SSNs ending in 88 through 89 Mailed by July 4

How convenient that the last of the mailed checks will go out Independence Day week. Surely that's just serendipitous ... Not!

Why, other than for political reasons, the faster pace? Treasury spokesman Andrew DeSouza says payments are going out ahead of schedule thanks to a new computer program that now updates records daily rather than weekly.

Remember, though, that this new delivery schedule applies only to folks who've filed their 2007 returns. If you got an extension (like the hubby and me), you won't see your rebate money until you finally get your Form 1040 into the IRS.

Update May 5, 2008: This post has generated a lot of reader questions. I've answered some of them in this subsequent post, Readers question rebate delivery methods, and will be posting other Q&As from the comments below in future postings.

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» Stimulus Rebates Ahead of Schedule from Tax Planning: U.S.
The Treasury is apparently ahead of schedule for sending out the economic stimulus rebates. These additional tax refunds were scheduled to start going out on May 2nd, but are now going to be sent starting April 28th, according to an announcement from t... [Read More]

Comments

The IRS did not push up the dates for the checks mailed out. They only pushed up dates for direct deposits. If your SSI number is between 89-00 the mail out date is still July 11th as first stated.

Christy,
It looks like the IRS has not officially pushed the delivery dates up across the board. But I know some people who have gotten their checks before their officially scheduled delivery date. So go by the IRS on-site date and hope for the best!

The IRS finally updated our info on their "Where's My Refund" page. But it still says the later, July 11, date, rather than the supposed "last" date of July 4 as indicated above. Does anyone know if they're still ahead of schedule or not? Should I go by what it says online or are they actually going out a week earlier than that?

good site you have thanks

Well...still not getting any information on line but when I called IRS today was told the rebate will be deposited on May 16! And I thought it was scheduled to be deposited earlier as they indicated. Shame on me!

You know what you gotta do when life gets you down???

just keep swimming -
just keep swimming -
that's what you do

That's what Dory told me

received notice that I would receive rebate.....should receive by May 12....guess what! checked IRS site and rec'd message..we are sorry no information available...blah, blah, blah
what gives?

Same issue as most...was scheduled for today or earlier since they are "ahead of schedule", checked my account today...but still nothing. I met all the qualifying criteria and have no debt.

Hello. I have the same problem as many of the others asking questions and this is the ONLY web-site I found that is offering any kind of answer whatsoever. I really dont want to bit** about this money because this time last year, I didnt know or expect to be getting it and am grateful that I am now. But its like dangling candy in front of a two year old. I was supposed to get mine today and nothing. I know that i do not owe anything and made all the qualifying items and also have a qual. child. Possible problems?!Im military and I qualified for the EIC and no fed taxes were taken from any of my checks, would that have anything to do with it?

I'm on the 'before May 5' schedule for direct deposits and have been looking for something eversince. How do we find out? Who do we talk to? If you give me something and tell me when you're going to give it to me, why should I have to find out when it's coming?

If you received your tax refund by direct deposit that is the only way to receive your tax rebate by same. Any other method (i.e. H&R Block Refund Anticipation Loan or getting tax refund mailed to address etc) and you will receive your rebate check by mail (no exceptions and NO way to change after the fact)

I filed taxes through TaxAct, they recieved my refund, deducted 30 for filing, then sent my direct deposit. So does that mean my rebate will come in by check?

Ok, to say it mildly...I'm PO'd! I have been checking "schedules" of deposits, there are 3 different ones. We thought we would have our deposit by 5-2. Nope! Ok, 5-5? Not yet! Now grant it, it is early but then I have found another "schedule" that says deposits for our SS# bracket "start" today and will be done by 5-9! We are at the bottom of that SS# bracket being 75 but that is when our deposit was originally scheduled. It was said that the checks were "ahead of schedule by one week!" Which means we should have had our by 5-2! All I have to say is by the end of today I had better see a deposit into our checking account. Good luck to everyone else!

i just cruised the IRS website for an hour. I efiled my taxes and got them directly deposited the third week in Feb. I was supposed to get my check deposited today, but nothing. Who do we bug to get our checks?

I e-filed my taxes and had them direct deposited into my checking account. My social security # is among the #'s that were supposed to be deposited today. I did not receive a deposit today. How can I find out what's wrong and when I will get the deposit?

I recieved the letter about getting a rebate and I recieved all of my tax refund when I was scheduled. My last two digits are 07 and I have not recieved my rebate to my checking account

If tax refund is deposited into your H&R Block Emerald Card then the Tax Rebate will be sent to you by check

If I had my money deposited on an H&R Block master card will the rebate be deposited there too???

I had problems getting my check direct deposit on tax return because the turbo tax put in the wrong code for the account and the bank rejected it. I ended up getting a paper check. Now can I call and give the bank info and get direct deposit on this rebate and still have it direct deposit?

who can i contact about getting it diposited into my checking account? the stimulus check that is? i made a mistake on getting an emerald card will the stimulus check go there? i do have a bank account.

Why do you not get credit for having dependent children over 17 years old.

Submitted Stimulas Payment Mar.10 2008 at IRS But,IRS they forgot to include DIRECT DEPOSIT Routing and Accounts and need to do so in order to get payment ASAP. Can you assist? Please Advise.e-mail as above

Our tax return was deposited into a H&R block card. Will the relief check be depostited to that card also or will we receive a check?

if i filed joined would I have a check with my name or one for the whole family?

I filed for an extension, will i receive a rebate after I file?

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