Tax Rebate Calculator Updated (and Blog Roundup)
I’ve updated the economic stimulus tax rebate calculator. The old version, taken from PBS Newshour, did not take into account changes included by the Congress before passing the bill. The complete details of the economic stimulus package are provided at the Library of Congress. Take a look at the new calculator to find out how much you’ll receive from the U.S. government this summer, if anything.
Here are some articles from around the blogosphere:
Countrywide is suspending equity lines of credit, and Nina from Queercents is a victim. Her house’s value declined 20%, and her lender has decided to disallow draws on the credit line. Did you know that the banks can do this? Is it reasonable to assume borrowers know every loophole that banks have available?
My Experiment: Asking for a Better Deal. Kimberly from Alpha Consumer has found that sometimes, all it takes is a question to save money. Asking politely for a discount when booking a room at a hotel, Kimberly was offered a lower rate on the spot. I’ve had good experiences with this technique as well, particularly with hotels. When getting a discount is as easy as Kimberly describes, I get the impression that I might have been able to get more out of the deal.
Major 1099 Forms and Where to Use Them. Jim provides an overview of the 1099 tax form which describes non-employee income. I’ve received 1099-INTs for my interest-bearing savings accounts, 1099-DIVs for my investments, 1099-Bs for my employee stock purchase plan sales, and 1099-MISCs for income in return for work as I do as a consultant and blogger outside my day job. I haven’t received any 1099-SSAs or 1099-Rs. If you don’t know what they are, take a look at Jim’s list.