Ok, so the economy was (is?) tanking and good ole Prez Bush decided he'd held by sending us money to spend on Prada bags and SUVs.
I hadn't paid much attention to all of this news because I figured I wouldn't think about it -- if I got a "rebate," it would be windfall, unexpected money that I could fill in some financial gaps with. I didn't want to start thinking of it as money that was coming to me so I wouldn't lose my mind and start spending it in advance.
But then I saw this aritcle from Bankrate.com about Tax Rebate Winners and Losers: Who gets it and who doesn't.
Again, it wasn't money I was counting on, besides, I rarely trust anything Bush does when it comes to taxes and the economy. But, it would be silly not to know what was going on.
According to the article, someone like me will get $300 to $600. If my tax liability is more than $600, then I'll get $600 (likewise if it was less than that, then you'd get that amount).
You've got to file your taxes though (which I will do on Monday with my tax preparer -- yippee! Someone else will do it for me!).
So, what will I do with the moola?
I have no idea.
I could stick it in my emergency fund.
I could add it to my IRA.
I could make an extra big payment on my car (which would effectively pay it off).
I could go shopping!
I could buy a plane ticket to visit my friends in Portland (which I'm dying to do).
Me thinks I'll probably wind up doing something fun instead of something wise and responsible. That will be my patriotic gesture (aside from voting) for the year!
Anybody out there have plans for the "rebate?"