Leading Rich

Guide to Money, Investing and Personal Finance

Archive for the 'Taxes' Category

13 Mar

SSDI Income is Eligible for 2008 Stimulus Tax Rebate - 1040A is Required - SSI Not Eligible

Many questions have come into LeadingRich.com about the eligibility of SSDI income for the 2008 economic stimulus tax payment.
According to the IRS, “Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment.”
But SSDI - Social Security Disability Income is not mentioned specifically.  The IRS says “Social Security retirement or […]

06 Mar

Tax Preparation Software - Tax Cut vs. Turbo Tax

April 15 is almost a month away and many people have not even begun the tax preparation process. This year many more people will be inclined to start the preparation process earlier as they may be eligible for a tax rebate.
If you are looking to prepare your tax returns this year we offer this look […]

26 Feb

2008 Tax Rebate Update - Tax Returns Need To Be Filed

So when are you getting your rebate?
This is the big question of the year. Many people are asking this question and wondering if the money they are due is an upfront payment for what they are due in 2009 or if they have to pay back the IRS with interest. There are still […]

20 Feb

Online Tax Filing Continues to Grow

Consumers More Comfortable Filing Taxes Online, Compared to Other Financial Transactions

Professional Service Still Preferred Over Do-it-Yourself Software
NEW YORK, Feb. 20 /PRNewswire/ — As tax season approaches, an increasing number of people plan to file their federal taxes online, according to the Consumer Internet Barometer.
Forty percent plan to file online, up from 34 percent three years […]

07 Feb

$168 Billion Stimulus Package Passed Through Congress Sent to President Bush

The Senate has finally approved the 2008 Economic Stimulus Package that was initiated by Nancy Pelosi. This is probably the fastest bill that has gone through both the House of Representatives and the Senate. Up to 40 million taxpayers will be eligible with this legislation and will add around $168 Billion to the […]

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