catspajamas's Blog

Okay, so here we are all thinking that this stimulus rebate is a big deal. Supposedly we are getting $600 per single adult, $1200 for married filing a joint return and an additional $300 for each qualifying child, right? WRONG!
I got my rebate last week on the last day of the schedule for that particular round, which happened to be the first round of rebate checks sent out. Now here's the thing......
I have 3 qualifying children and filed a joint return and the total house hold income was under 30,000. So, I should have received a total rebate of $2100 but that isn't even close to what came. 
Sure I got the $1200 for the joint return but I only received $100 for each child bringing the total rebate to $1500. This is a far cry from the $2100 I should have received. 
But wait it gets better......
What I actually received was little more than $700. Yes I did call the IRS to check on this and I will receive no more that that little more than $700. Why you ask? Here's why.......
Apparently there was some kind of outstanding debt that the IRS would not explain that sucked up just over half of the $1500 and yet there were no such debt or deductions taken from my original return earlier this year.
Strange indeed but you can't argue with the IRS so here I am counting on this supposed stimulus rebate that I have already promised out, because we were guaranteed this money, all of us. I certainly am not in the habit of spending money before it hits the wallet but being told that i would definitely receive this amount and believing it to be true, as it's all over the news and internet, I did.  Now I am finding myself scrambling to make up the difference. 
So before you all go and get all excited and start planning how you are going to spend this so called rebate I suggest you wait to see what actually comes. Chances are that it will be a great deal less than what you are expecting. IMO THE WHOLE THING IS A FARSE.