Your first stimulus dollars coming in March

By Dick Berry
Posted by LS - email

(WTOL) - Your first line of help from the American Recovery and Reinvestment Act will begin in March. This time, however, it's not a lump-sum check. It comes in the form of a $400 tax break that will show up as $10 a week in most people's paychecks.

Tax withholding tables have been changed to give middle and low income workers $400 spread out over the rest of 2009. For most, that will result in a $10-a-week increase in take-home pay.

The hope is if you give more money to people, they'll go out and spend it. What do WTOL viewers think? Karen Sue Sapp told News 11, "Ten dollars isn't going to help me when my husband hasn't had a job since May."

Laura Ferguson said, "We need it right now. Everybody is struggling. Definitely. People are laid off, filing for unemployment."

The tax cut begins next month.

For details on other ways the stimulus may help you, read How the stimulus may affect your wallet.

What do you think?

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More on the Web

Recovery.gov is a web site that lets you, the taxpayer, figure out where the money from the American Recovery and Reinvestment Act is going. There are going to be a few different ways to search for information. The money is being distributed by Federal agencies, and soon you'll be able to see where it's going -- to which states, to which Congressional districts, even to which Federal contractors.

On CNN.com, watch What's in the budget for you? It discusses the long term plan through 2012 that includes tax increases. Also, read Obama unveils first budget plan from CNN Money.