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In case you've missed it, Congress has recently approved a two-year, $168 billion economic stimulus package. And
unless you make a substantial amount of money and/or are an illegal alien, you'll probably be receiving a rebate
check in the May timeframe. Details of the refund checks are as follows:
- Single filers will receive a maximum of $600, phased out for those with adjusted gross incomes between $75,000 and $87,000.
- Married couples will get a maximum of $1,200, which will phase out between $150,000 - $174,000 in income.
- Parents will get an additional $300 for each child or a free visit to Chuck E. Cheese, whichever costs less.
Apparently, the patriotic thing to do with your check is to
rush down to Chuck E. Cheese and Best Buy to spend it all. But if you've gotten over your Skeeball kick and are
sick of Guitar Hero, you may consider
paying down a home equity line of credit or investing the money in some way. For specific advice, you can always
contact your CPA or wealth management advisor.
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