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Stimulus Package January 28, 2008

Posted by pf in Expenses and Savings.
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Stimulus Package: Update

Previous Post:

Although it has still not officially passed the Senate (no small thing), below are some of the details of the proposed stimulus package:

The following are based upon 2007 Adjusted Gross Income (important).

1. Individuals earning up to $75,000 will get $600
2. Couples earning up to $150,000 will get $1,200
3. Families with children will get an additional $300 per child
4. Workers who make at least $3,000, but do not otherwise file a tax return, would receive $300

The package will have an income phase-out:

1. Individuals earning between $75,000 and $87,000 will receive a partial amount
2. Couples earning between $150,000 and $174,000 will receive a partial amount
3. The phase out will be slightly high for those with children

Here is a simple calculator from PBS Newshour to help determine what you can expect.

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Comments»

1. Stimulus Package: Update « My Personal Finance Odyssey - February 7, 2008

[…] Overall, the core of the plan remains the same as outlined in my earlier post on the proposed Stimulus Package. […]

2. Susan Burdett - April 18, 2009

What if I am on ss disability?


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