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"Making Work Pay" tax cut effect for us...

March 13th, 2009 at 08:30 am

It looks like the "stimulus" for 2009 will hit our paychecks starting with our March check (we get paid at the end of each month). Between DH and I that means an extra $133+ in net income each month. Now, what should I do with this extra money? I'm back to the question of whether to save this money or apply it to outstanding debt. Hmmm... just glad to have it! Smile

Posted in Uncategorized | 4 Comments »

4 Responses to “"Making Work Pay" tax cut effect for us...”

  1. kdmoffett25 Says:
    March 13th, 2009 at 08:57 am

    Mine will probably go 50/50 to each, but not until I know the amount for sure will I allocate it.

  2. JJ Says:
    March 13th, 2009 at 09:23 am

    Hola! How did you figure out $133 net? I was thinking it was only $13 a week, so for both of us, maybe $52 a month together... Am I wrong? =)

  3. all4money Says:
    March 13th, 2009 at 10:40 am

    JJ, I recalculated our net pay with the tax rate changes and then as a double check, I took the amount we're eaching going to get (about $66.75 each) and over 12 months in 2009 that would equal the total savings the President approved ($800) for the year so it makes sense, at least for our situation. I have a spreadsheet setup that will calculate all this for me to include all my paycheck deductions, etc. and it's only off by about 4 cents from my actual paycheck, but there are many websites that will do this for you as well...

  4. JJ Says:
    March 13th, 2009 at 11:06 am

    Very interesting! Thank you very much!!

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