This is a class blog for the students of POLSCI 426: Congressional Politics at the University of Wisconsin–Milwaukee.
Stimulus Bill is Official
Students to receive up to $2500 in federal tax rebates, individuals up to $400, couples up to $800. Out of curiosity - how much of the $2900 you should be receiving do you anticipate spending versus saving?
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2 comments:
The smart choice would be for students to put this money towards paying off their loans, which would not stimulate anything until later on down the road when they have lower monthly payments going towards their debt. However, I believe with that amount of money, there will be some spending. Personally in my case, its going towards reducing my debts. My question is who gets the check. If students are dependents, how can they receive the checks? My wife was a dependent to her parents since she was not 25 yet when the last "stimulus" bill came out and she did not receive her $600 check.
Dear TRK,
My understanding of the bill (though I am far from an expert on the tax code)is that all students will be receiving a large tax rebate, I am unsure, however, if the $2500 is for everyone or if that is a maximum amount. If anyone knows the answer to this (or where we may find it) please share.
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