Tax rebates to start going out Monday
Lawyer News
[##_1L|1136677849.jpg|width="128" height="81" alt=""|_##]Rebates from the 2008 economic-stimulus package are set to begin going out Monday, President Bush said, reiterating that the infusion of cash will help lift the U.S. economy out of its ongoing slowdown. The Treasury Department will send out the first wave of rebates via direct deposit starting next week, and paper checks will begin going out May 9. The rebates are worth up to $600 a person or $1,200 a couple.
"This money is going to help Americans offset the high prices we're seeing at the gas pump and at the grocery store, and will also give our economy a boost," Bush said Friday.
Nearly 7.7 million Americans will get their checks electronically during the first week, Bush said at the White House. By this summer, he said, the Treasury will have sent rebates to about 130 million U.S. households.
"It's obvious our economy is in a slowdown," Bush said, speaking on the White House South Grounds. Bush has denied that the U.S. is in a recession. The rebates are part of the bipartisan stimulus package passed by Congress enacted in February.
Related listings
-
Rebate checks: IRS clarifies who gets how much
Lawyer News 03/10/2008Who is eligible? More than 130 million taxpayers will receive a rebate. To qualify, you must have at least $3,000 in income to receive the minimum rebate of $300 for an individual or $600 for a couple filing jointly.Income for this purpose includes w...
-
Casinos: Poker winners must do tax form
Lawyer News 03/02/2008Starting Tuesday, it's going to get harder for poker tournament winners to bluff the tax man. Casinos will be required to report winnings of $5,000 or more to the Internal Revenue Service, and will hand gamblers a tax form to record the payout.It's a...
-
Court rules unconstitutional Va. taxing authority
Lawyer News 02/29/2008American International Group Inc., the largest insurer in the U.S., lost more than $5 billion in the fourth quarter as bad credit ate into its investments, the company said Thursday.AIG has been thrust to the forefront of the credit crisis gripping f...
Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.