It’s Not too Late to Get Stimulated!
by Buck Quigley - posted 1:25 pm, September 23, 2008
After last week’s wild stock market ride, but before the federal government steps in with a taxpayer funded bailout this week that will be recognized by future generations as a fundamental change in the American economic system, let’s take a minute to think back upon those halcyon days of five months ago, when the IRS began distributing those $600 economic stimulus checks designed to save our sputtering economy.
I’d hate to be the PR guy saddled with the impossible task of spinning that Hail Mary effort as effective. As of August 29, the IRS has issued $93 billion nationwide—and yet, here we are.
Nevertheless, there’s still good news for many New Yorkers. Roughly 537,000 state residents received extensions to file their returns last April. The IRS estimates that an additional 346,000 people across the state receive some form of Social Security or Veterans Affairs benefits and are potentially eligible for money back from the government to, um, prop up the economy.
If you fall under the latter category, or know someone who does, you can obtain a 1040A-3 form and send it in.
The deadline to file if you want to receive money back this year is October 15, the same day you’ll start paying penalties if you’re one of those who asked for an extension and owe money.
If you require assistance, visit the IRS Website. Remember, Washington is talking $700 billion to bail out greedy lenders who are likely to walk away with lucrative compensation packages for screwing things up for decades to come. If you’ve not yet filed for it, don’t you think you deserve a $600 slice of Uncle Sam’s pie? There’s still a little left.