Story from the Wall Street Journal
WASHINGTON -- Individual federal tax refunds are way up this year, helping to buttress consumer spending amid the recession. But the refund-fueled boost could wear off within a few weeks, posing a challenge to recovery.
Internal Revenue Service data show that through April 3, total individual refunds were up by about 15%, to $210 billion, from $183 billion at the same point last year. That extra money in consumers' pockets -- coupled with a drop in gasoline prices -- has helped keep consumer spending surprisingly healthy in recent weeks, economists say.But the refund effect is probably going to begin petering out sometime in May. Many taxpayers file for refunds early, with a big spike in February. Much of that money already is working its way through the economy.
Consumer spending will be "temporarily lifted by robust tax refunds,".
Beyond tax refunds, household budgets will also be helped by the tax credit in Mr. Obama's stimulus bill, which means reduced tax withholdings for many middle-class workers. That money will continue being paid out through 2010. The txt refund in 2009 could add more than 2% to disposable personal income.
Smart Consumers Are Searching For Tax Refund Travel Deals.
If the IRS cuts you a check, a vacation may suddenly seem doable. Get inspired with all-inclusive cruise vacations available from the major cruises lines.
Underneath the dark cloud of the tax season stands a shining ray of hope: the vacation tax refund.
Consider treating yourself to the many fun and exciting discount mexico cruises available at Cruise Marketplace.
Spend your hard earned tax dollars wisely and enjoy cheap prices on exciting travel packages.
It may seem frivolous, but the reality is that now is the very best time for a luxury cruise.
Avoid the expensive hassles of the major airlines and depart from the nearest home ports and cruise close to home.
The major cruise lines are offering steep discounts and many upgrades on some of their most popular cruises including: cheap caribbean cruises.
The major cruise lines are making exciting vacation packages much more affordable and attractive to travelers on a budget.
Thanks to Cruise Marketplace many fun cruise packages and cheap alaska cruises are now available.
If international travel is your calling, or if you've never been overseas, now is the time to go.
The dollar may not be as strong as it once was but it's gaining strength in England and throughout Europe, the rising value of the US dollar makes your travel dollars go much further and cheap europe cruises, one of the best values in travel for the spring season.
It appears that there is no escaping the state of the US economy, but in fact there is one bright spot on the horizon, cruise specials are priced at an all-time low. No matter where you would like to travel, there's a cruise deal available for you.
Play it smart, plan ahead and call the friendly, helpful and knowledgeable cruise agents at:
Cruise Marketplace: 1-800-826-4333 Your Tax Refund Travel Deal Awaits.
