5 Things You Should Know about Government Tax Rebates
As many readers know, we started listing TurboTax last year and currently promote their TurboTax Federal Free Edition. I just received some details from a contact at TurboTax who shared the following information about the government tax rebates (economic stimulus payments) that will be sent out starting in May.
According to this TurboTax information, the IRS estimates that more than 130 million Americans will benefit from an income tax rebate this year. There are five things you should know, however, about these government tax rebates and how they work. And don’t forget that you must file your Federal Tax Return to get your rebate.
- To receive your tax rebate you must file your 2007 tax return.
- Your economic stimulus tax rebate is based on your 2007 income and how many children you have.
- Most individual taxpayers will get $600.
- Most married couples will get $1,200.
- Plus, most taxpayers will receive an additional $300 per child.
Source: personal communication from TurboTax.
Here is some additional information from the Internal Revenue Service that could help you determine whether you will file electronically or otherwise. Those opting for direct deposit will be among the first to receive their payments — starting on May 2. Paper checks will not be mailed until May 16 through July 11. The rebates will be processed in order by the last two Social Security Number digits so lower numbers (00 through 20 for direct deposit and 00 through 09 for checks) will receive payments first. For more information visit this IRS payment schedule.
On a personal note, I expect some incredible sales and coupon codes for bigger ticket items to be available starting May 16 and lasting through July! It looks to be an exciting time for buyers.
New Free Gifts, Trials & Bonus Section
Today we launched our new Free Gifts, Free Trials and Bonus Promotions section which aggregates all related coupon codes and deals that fit within this category. This section, like our other coupon sorting tools for rebates, outlet sections and clearance deals, features the same sort options including alphabetically (by store name), by expiration date, by click popularity and by freshness with the most recent posts on top. The default sort mode is by popularity.
Given that free gifts with purchase and free trials are very popular with Internet shoppers, we expect this new section to be well-used and appreciated. We’re also glad to more effectively promote the hundreds of free gift and bonus deals we have published along these lines.
Preview of Our New Coupon Sorting Features
We’ve been working on some new site features and I wanted share a quick preview of some things to come. We’re working on some new coupon and deal sorting tools so you can browse for deals and coupons you are most interested in.
For example, let’s say you like rebates or outlet sections and want to find incredible savings along those lines. You can now browse our new online outlet section with links to dozens of outlet store savings at popular online stores. Or you can do the same on our new rebate and clearance sorts.
The new online outlet section has links to dozens of outlet store savings at popular online stores. The new rebate feature provides links to mail-in, cash back and manufacturers rebate deals and the clearance feature links to online clearance sales, store clearance sections and special clearance coupons and deals.
For each of these new sections you can sort the deals alphabetically, by expiration date, by popularity and by freshness with the most recently added on top.
We’ve got a few more options along these lines planned so give these tools a try and let me know what you think and what you’d like to see.
Question: How Does Shopping-Bargains Make Money?
One thing I’m frequently asked is how we, as a company, make any money since we charge nothing for our coupon codes and other services. We also don’t have a site registration process or run popup ads. The answer is we are paid a commission or referral by the merchants whenever they sell something to somebody who clicked a link on our site and bought something on theirs.
The process is private and we don’t know who buys what. At the end of the month we know that X dollars were spent at X stores and from those transactions we earn X. From the store’s perspective, we help them attract new shoppers and make additional sales. From our perspective, we are paid to help people be more frugal when shopping online. And because our payment comes out of the store’s advertising budget, it doesn’t raise your prices over “going direct” to the merchant. On the contrary, because each store must compete for your attention on our site, they provide us with some great coupons that actually can reduce your spending. Since a store would rather have a smaller-size order than no order at all, the process is a win-win for everyone involved.
I like helping people and I like win-win arrangements. So, with this in mind, my request for you is when you buy something online to please be sure to click a link on our site to the merchant’s site so we receive credit for the sale. If just our coupon codes are used but our site links are not clicked then we don’t receive credit for the sale.
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