How Will You Spend Your $13 Stimulus This Week?
February 18, 2009 by Mr. ToughMoneyLove
Filed under Debt and Credit, Economics
As you might have guessed, this post is about the individual tax credit component of the stimulus plan that President Obama signed yesterday. It will increase the size of the average weekly paycheck (for those earning less that $75,000 yearly) by $13.
Notice that the title of this post suggests that the $13 take-home pay bump will show up this week. It won’t. Estimates are that the tax credit won’t actually hit the payroll and withholding systems until June. Why is that?
Read more




