Apr 15 2008

Today is Tax Day!

Published by admin at 3:48 pm under Taxes

If you have already filed your taxes before today, congratulations. If not, you’ll be burning the midnight oil tonight, and wondering why you waited so long. There is however, one silver lining in filing your taxes this year. Beginning in May, the IRS will begin issuing Tax Rebate Checks.

Specifically, the IRS will use your 2007 tax return to determine eligibility and calculate the basic amount of the payment. In most cases, the payment will be $600 for individuals  and $1,200 for taxpayers who file a joint return.  So go out and spend that Rebate Check. But make sure you get the most bang for the buck…
Of course, I have some suggestions:

  • Pay off credit card debt and improve your credit score
  • Go to your local bank and purchase a $1000 CD and spend the rest on something fun
  • Buy some energy saving compact fluorescent lights and add insulation to your homes attic and crawl space.
  • Replace some of your homes drafty single pane windows with energy efficient ones
  • Replace your old wooden front door with an energy efficient foam core door

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