So, do you all have plans on how to spend your tax rebate that's coming for some of us?
I kinda did, too, thought I was a little worried, but now I am really pretty confused...
Check out this article, if you like. Basically it talks about how our tax rebate is really an advance on future tax rebates. So, like if you would have filed your taxes in April and get $400 back, now, you'll only get $100 next year (assuming that you're getting $300 in the next few weeks). Okay so, not bad right? A little misleading maybe...
The bad news is, for those of us who may owe money, this is really just a loan. So, let's say I would've owed $400 next year to the feds. Now, I'll owe $700 instead! That's REALLY misleading.
Just a warning to you all to check it out before you think it's free money. I know I am going to put it in the bank now, just in case, and hey, at least I'll get the free $5 or so in interest it makes over the next 6 months, right?
Here's the link:
http://www.rockymountainnews.com/drm...754516,00.html
Your tax rebate!
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