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Posts Tagged ‘stimulus’

Monday, April 28th, 2008

When to Expect Your Income Tax Rebate

The economic stimulus package passed by Congress should be rolling out in the coming weeks, now that income taxes have been filed.

Here's when you can likely expect your rebate check:

Rebate delivery schedule
Direct-deposit payment	All sent by May 2
Paper check
If the last two digits of your Social Security number are:	Your tax rebate check should be in the mail by:
00-09	May 16
10-18	May 23
19-25	May 30
26-38	June 6
39-51	June 13
52-63	June 20
64-75	June 27
76-87	July 4
88-99	July 11

If you're waiting for your rebate check because you're struggling to pay the bills, it may be time to think about bankruptcy.

Tags: economic stimulus, stimulus
Posted in Economic News: How Are We Doing? | No Comments »

Thursday, April 10th, 2008

Senate Passes Housing Stimulus Package

After months of debate on the best way to address the current housing and foreclosure crisis in the United States, the Senate passed a housing stimulus package by a 84-12 vote earlier today.

Representing a compromise between the call for more government action from Democrats and the fear of a government bailout from Republicans, the housing stimulus package includes these notables:

Providing $4 billion for cities to purchase and rehab foreclosed properties and an additional $13 billion in tax breaks to spur on home sales and home builders
Changing language in the FHA's mortgage insurance program to permanently increase its loan limit to $550,000 and slightly increase its down-payment requirement to 3.5 percent
Providing an additional $50 million for housing counseling, thus bringing the grand total for such efforts to $150 million
Giving the Neighborhood Reinvestment Corp. $30 million to provide legal aid for at-risk homeowners
Including more safeguards for seniors using FHA reverse mortgages.

-- Source: CongressDaily

For information on how bankruptcy may help you stop foreclosure and save your home, speak with a local bankruptcy attorney.

Tags: foreclosure, housing stimulus, stimulus
Posted in Bankruptcy News and Events | No Comments »

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