01 Feb
$1,200 for Couples Moves Closer to Reality
The House of Representatives has approved a $1,200 credit for couples as part of an overall economic stimulus plan meant to boost the economy. The Senate will most likely vote on the next week. Although the bill is expected to pass, an altered bill in the Senate could derail the process……..so don’t spend the money in advance.
Checks may go out to qualified people as early as May. Take the next couple of months and research some ways that you could invest the money. If you don’t already have an IRA, this money would work well as an initial investment in an IRA. Although the bill is designed to boost economic spending, I would look at this $1,200 credit as a great way to boost your family savings.
