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Use this easy tool to estimate how much you might be receiving from the "Economic Stimulus" plan that's being worked on by our legislators. The tool is provided by The Online NewsHour at
Illinois’ estimated $1.83 billion relief package includes income and property tax rebates and a temporary cut in several sales taxes going out through November, CNET reported.
In marketing, a rebate is a form of buying discount and is an amount paid by way of reduction, return, or refund that is paid retrospectively. It is a type of sales promotion that marketers use primarily as incentives or supplements to product sales. Rebates are also used as a means of enticing price-sensitive consumers into purchasing a product.
The Social Security Administration would disburse the monthly rebate payments in the form of a paper check via U.S. Mail, an electronic funds transfer to a bank account, or a "smartcard" that can be used like a debit card. [2] Opponents of the plan criticize this tax rebate due to its costs.
The FCC approved the $3.2 billion Emergency Broadband Benefit Program that provides a benefit of up to $50 a month for broadband service and up to $75 a month for Tribal area residents.
The IRS added together a $600 rebate for the parent and $600 for the two children to get $1,200, then subtracted the phaseout reduction of $750 ($50 for each $1,000 income above $75,000) to get $450. [6] According to the IRS, the stimulus payment did not reduce taxpayers' 2008 refunds or increase the amount owed when filing 2008 returns. [7]
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Also known as the "Sum of the Digits" method, the Rule of 78s is a term used in lending that refers to a method of yearly interest calculation. The name comes from the total number of months' interest that is being calculated in a year (the first month is 1 month's interest, whereas the second month contains 2 months' interest, etc.).