- Days left
Last week I vented my frustration at the IRS, the government, George Bush -- anyone! -- when I wrote, Where's my stimulus check. The post hit a nerve apparently, drawing thousands of page views and hundreds of comments.

I was supposed to receive my family's $1,800 economic stimulus check via direct deposit on May 9. But the day came and went with little fanfare...and even less money. That's the day I wrote the post.

Today, a full week later, Turbo Tax sends me an email. The salient section:

Dear Valued Customer,

We want to provide you with the most up–to–date information about the tax rebate to which you may be entitled.

Recently, you may have received a letter from the IRS advising you when to expect your Economic Stimulus Payment (rebate). That IRS letter may have inadvertently left off some important information. Taxpayers who chose to have their tax preparation fees deducted from their federal tax refund will receive their tax rebate in the mail, not via direct deposit.

I like the "inadvertently left off some important information" phrase. This is because that information was most definitely NOT on the IRS website before last week. I'd gone through the information on the site carefully several times earlier, in my duties as an editor for this blog (not to mention as a self-interested beneficiary of monies myself...). Indeed, because there was originally no such stipulation, I let myself get all excited for my May 9th windfall.

More frustrating, however, is that, judging from the many comments, there are plenty of people who did pay an electronic filing fee and did receive their payment as scheduled. Without further information from the IRS clarifying exactly what an electronic filing fee means to it, we're left to suspect that the payout is alarmingly random.

So. Now the "check is in the mail," but I've learned my lesson. I'll believe it when I see it. And until I see it, allegedly around June 20, I have to wonder what other clauses the IRS might slip in there. Families with brown-haired children won't get a check until 2009? Women under 5.4 will get cash, delivered by courier monkey, unless they have blue eyes, in which case they can find it under a rock in Farmer McGivern's field down the road....

Stay tuned! Have you gotten yours?

Increase your money and finance knowledge from home

Getting out of debt

Everyone hates debt. Get out of it.

View Course »

How to Avoid Financial Scams

Avoid getting duped by financial scams.

View Course »

TurboTax Articles

Are You Exempt From Health Care Coverage?

The Affordable Care Act, or Obamacare, is an individual mandate that requires all eligible Americans to have some form of basic health coverage by 2014. Those without insurance will receive a penalty when they file their tax returns ? that is, unless they have an exemption. TurboTax's Exemption Check can help you find out whether or not you qualify for an exemption.

Essential Tax Forms for the Affordable Care Act

The Affordable Care Act (ACA), also referred to as Obamacare, affects how millions of Americans will prepare their taxes in the new year. The law now includes penalties for all who haven?t obtained health insurance -- and those penalties are expected to be paid at tax time. The ACA also provides tax credits to help people pay for insurance, and you can claim those credits when you file your taxes. The Internal Revenue Service (IRS) has introduced a number of tax forms to accommodate the ACA.

Mortgage Refinance Tax Deductions

When refinancing a mortgage to get a lower interest rate or obtain more favorable loan terms, you're really just taking out a new loan and using the money to pay off your existing home loan. In general, the same tax deductions are available when you're refinancing a mortgage as when you're taking out a mortgage to buy a home.

How to Determine if You Have Minimum Essential Coverage (MEC)

The Affordable Care Act, also known as Obamacare, requires most Americans to have health insurance that meets a government standard known as "minimum essential coverage," or MEC. Whether your insurance qualifies as MEC depends not on the plan itself, but on how you obtained your coverage.

Rental Property Deductions You Can Take at Tax Time

Rental property often offers larger deductions and tax benefits than most investments. Many of these are overlooked by landlords at tax time. This can make a difference in making a profit or losing money on your real estate venture. If you own a rental property, the IRS allows you to deduct expenses you pay for the upkeep and maintenance of the property, conserving and managing the property, and other expenses deemed necessary and associated with property rental.

Add a Comment

*0 / 3000 Character Maximum