San Mateo, Calif. (PRWEB) May 7, 2008
As economic stimulus payments hit the bank accounts of millions of Americans starting this month, Ethan Ewing, president of Bills.com (http://www.bills.com), reminds consumers that smart taxpayers will remember that tax refunds and economic stimulus payments are their money, being repaid by the government — and it’s worthwhile, he says, to make good use of that cash.
“This spring marks an especially rewarding — and therefore potentially risky — season for taxpayers who anticipate receiving a refund from the Internal Revenue Service. In addition to tax refunds that averaged $ 2,287 last year, most Americans will be receiving economic stimulus checks – up to $ 600 for individuals and $ 1,200 for couples,” Ewing said. “But remember: A tax refund is a return of your own money that the government claimed for you this past year. And the economic stimulus checks are also returned taxpayer dollars.”
Americans receiving substantial amounts back from the federal government have the opportunity to make a real difference in their financial picture. Ewing suggested eight ways to use tax and stimulus dollars: