1. What is the Economic Stimulus 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 qualify for up to $2400 in rebates (for a family with four children and $70 ... . 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 a tax return and did not owe tax over t...
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- Grade Level: Undergraduate