Will Obama give me money?

February 24, 2009 8:12 PM

Will the stimulus law affect my tax filling?

Because of a minor miscalculation when i changed jobs, I owe about $100. Will the stimulus change that? or does the law affect me in any other way?
Single male, 23 and living with parents.

posted by photomusic86 to law & government (3 comments total)

I believe that the tax cuts included in the stimulus will show up as a decrease in the taxes taken out of your upcoming paychecks, not as a lump sum.

On a smaller scale, a middle class couple can expect to find an additional $26 in their weekly paychecks starting June 1, thanks to a tax cut in the gigantic bill. A single person will see an extra $13 in the paycheck.
posted by you're a kitty! at 8:18 PM on February 24

You're a kitty! is right, but any of the other changes won't affect your 2008 tax filing, but will come into effect when you file your 2009 taxes (which will be in April of 2010)
posted by jrishel at 6:58 AM on February 25

Nope. Even though the taxes aren't due until April, they apply to last year.
posted by gjc at 6:29 PM on February 25