1. What is the Economic Stimulus Act
... Act of 2008. Initially designed to give low and middle class taxpayers a little relief in light of real estate downturns, rising inflation and high gas and food prices, the act has been further expanded since that time and offers a variety of incentives for both businesses and individuals. The overall goal of the Act is to "jumpstart the economy." Individuals and couples filing Federal Income Tax Returns for 2007 ... , even up until the late filing deadline of Oct. 15, 2008, may ... so most seniors on fixed incomes who filed a tax return and did not owe tax over the amount of the rebate ...
- Word Count: 443
- Approx Pages: 2
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- Grade Level: Undergraduate