Tax Rebates and The Work-At-Home Mom

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Jan18

Tax Rebates and The Work-At-Home Mom

January 18, 2008

Know More: Business in the News, Saving Money for the Home Office $800 tax rebate, economy, rebate, recession, recessionary period, tax rebate, tax refund, tax savings

Hot on the heels of the recent fears about recession is a possible "fix" - a proposed $800 tax rebate for individual taxpayers in the United States (U.S.). Households could receive up to $1,600. You can also read about the proposed tax rebate in the Chicago Tribune.

Would a tax rebate make a difference for the average work-at-home mom (WAHM)? As a WAHM, myself, who struggles to balance the budget each month - I have to say "yes." A tax rebate of several hundred dollars could indeed provide temporary relief. I appreciate every extra dollar that I can get!

While I don't believe that a tax rebate would be a permanent fix to our economic woes, in the short-term it might be able to ease the pain for some WAHMs.

For WAHMs who are having trouble finding work, a rebate may mean the difference between working at home and re-entering the traditional workforce.

For a few WAHMs who work part-time, $800 might be their entire monthly income goal!

For still other WAHMs, a tax rebate could give them the chance to buy much-needed supplies or to set aside a crucial cash emergency fund.

For WAHMs with larger operations, they may be able to use the rebate to invest in some capital equipment.

Of course, the tax rebate is just being considered at this point. It's too early to tell if it will be approved.

What do you think about this? What would you do with an $800 tax rebate, if you got it?

Leave a comment, and let us know.

related entries

Could a Recession Close Down Your Home Business? Jan 17, 2008
How Will the Economic Stimulus Package Affect You? Apr 25, 2008
Freelancing as a Business: The Dollars and Sense (Cents) of It Oct 1, 2007
Is Your Home Business a Hobby? Aug 30, 2007
Keeping Track of Taxes Aug 23, 2007

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