Tax Rebate Time!

So the feds are coming to the rescue, trying to stimulate the economy…and they are going to give us free money!

If you pay taxes (and if it passes the Senate), in June you’ll get:

$600 for individuals
$1,200 for working couples
$300 additional per each child claimed

The rebates phase out for individuals making more than $75,000 and couples $150,000.

If you are living paycheck to paycheck, this will be a great time to catch up on you 401(k) contributions, pay off you high-interest credit card debt, start an “emergency fund”, put an extra payment on your mortgage, or start a “vacation fund”.

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