Tax Freedom Day® will fall on April 23 in 2008, according to the Tax Foundation's annual calculation using the latest government data on income and taxes. That’s three days earlier than in 2007. Stimulus rebates and a projection of slow growth in 2008 are the principal reasons for the earlier celebration.
In addition to announcing the nation’s Tax Freedom Day®, the new study compares tax payments to other major consumer expenditures, traces the course of America’s tax burden since 1900, examines the composition of today’s tax burden by type of tax, and calculates a Tax Freedom Day® for each state.
Showing posts with label 2007 taxes. Show all posts
Showing posts with label 2007 taxes. Show all posts
Wednesday, March 26, 2008
Tax Freedom Day is April 23, 2008
Monday, March 24, 2008
Find out when you may receive this year's Economic Stimulus Payment from the IRS
The IRS will be mailing approximately 130 million Economic Stimulus rebate checks. Estimate yours at their new online calculator (most will receive $600 for an individual, $1,200 for married, plus $300 per qualifying child).
When your stimulus check arrives depends on whether your 2007 tax return set up a direct deposit payment, and on the last two digits of your Social Security number. The Tax Foundation has a table showing when you can expect a rebate if you file by April 15th this year.
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