I just added a “Mortgages and Real Estate” category to the Personal Finance Topics section. A few recent posts fell into that category, so it seemed like a logical addition.

Most reports of the proposed 2008 Economic Stimulus Plan state that the rebates will be phased out for taxpayers with high incomes. The only details normally reported is that phase-outs begin at $75,000 for individuals and $150,000 for couples.

Here’s how it will actually work:

Figure out your rebate (including child credits) as if there were no limits. Then subtract 5% of the amount your income is over the limits for an individual or couple.

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The contribution limits for Roth and Traditional IRAs for 2008 are:
$5,000

The Catch up provision brings the limit up to $6000 for people aged 50+.

Note that those with high incomes may have reduced limits for Roth contributions. Married couples with adjusted gross incomes above $160,000 can’t contribute to a Roth, for instance.

401K Contributions Limits for 2008 are:

$15,500

The Catch up provision brings the limit up to $20,500 for people aged 50+.

Registrations on the national Do Not Call Registry, which prevents telemarketing calls, expire after five years. If you signed up when the registry first came out, in June of 2003, then your registration will be expiring soon. The website to register, or re-register, your phone number with the National Do Not Call Registry is https://www.donotcall.gov/.