1. What is the Economic Stimulus Act
... 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, ... in income, $1200 for joint filers with two children and $60,000 in income, or the $2400 rebate amount mentioned above. In addition, after lobbying by groups supporting senior citizens, social security payments were added to the "eligible" income, so most seniors on fixed incomes who filed...
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- Grade Level: Undergraduate