ALEXANDRIA, Va. -- NCUA Chairman JoAnn Johnson has announced that information related to the government's economic stimulus payments has been made available on the MyMoney.gov Web site.
President Bush signed legislation in February implementing the stimulus payments, which will deliver government checks to almost all taxpayers.
"I applaud President Bush and Congress for working swiftly to give the American people temporary tax relief at a time when our nation's economy is experiencing a rough patch. I encourage credit unions to continue playing a vital role in helping Americans facing uncertain or difficult financial times," Johnson said.
The legislation will provide individual tax relief in the form of tax rebates, which will be as much as $600 for individuals and $1,200 for married couples, with additional rebates for families with children. Approximately 130 million households will begin to receive the rebates in May.
Johnson was appointed to serve as the chairman of the My Money Web site subcommittee in 2006 by the U.S. Financial Literacy and Education Commission, which is headed by Treasury Secretary Henry Paulson. The MyMoney Web site was created to provide public access to financial education tools that are intended to empower Americans to save, invest and manage money wisely to meet personal goals.
--dmorrison@cutimes.com
