When reading through my feeds just now, Consumerist linked to an AP article on Yahoo about tax rebates coming this spring to 117 mullion families beginning in may. This is planned to pump $150 billion back into the economy.
If I am reading this right, individuals would get up to $600, working couples would get $1200, and any children would include an additional $300. For those with higher incomes though the rebate would phase out, but Deb’s and I dont have to worry about that just now.
This is something that would really help us out. We have been doing a lot of investing, saving, etc. We are already expecting a larger refund that we have had before due to the purchase of the new house.
While some of that money was going back into a high interest savings account, a good part of it was going to go towards some of the home improvements we are doing.
Hopefully this finishes going through the senate and all of us see a little bit more in our tax refund this year!
Listening To: ‘Open Book’ by The Rakes