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What Is New?
Economic Indicators
- Major Economic Indicators Latest NumbersConsumer Price Index (CPI): +0.1% in Mar 2010 News Release Historical Data Unemployment Rate: 9.7% in Mar 2010 News Release Historical Data Payroll Employment: +162,000(p) in Mar 2010 News Release Historical Data Average Hourly Earnings: -$0.02(p) in Mar 2010 News Release Historical Data Producer Price Index (PPI): +0.7%(p) in Mar 2010 News Release Historica […]
- Major Economic Indicators Latest Numbers
Consumer News
- My-A & Co, Recalls Ground Black Pepper Double Golden Fish 3.5oz Jars Due to Salmonella ContaminationMY-A & CO. of Cheverly, MD is recalling its 3.5oz jars of Ground Black Pepper Double Golden Fish because they may be contaminated with Salmonella. The product comes in a 3.5oz plastic jar with no product codes on the jars. The recalled products were distributed in retail stores in 11 states, (GA, TX, IL, MD, VA, NC, OH, NY, MA, ME, FL). Read more... […]
- My-A & Co, Recalls Ground Black Pepper Double Golden Fish 3.5oz Jars Due to Salmonella Contamination
Economic Analysis
- Local Area Personal Income, 2008The percent change from 2007 to 2008 in county personal income ranged from -48 percent in Slope County, North Dakota to 54 percent in Faulk County, South Dakota with growth slowing in more than two-thirds of the counties. Full Text […]
- Local Area Personal Income, 2008
Budget Office
- U.S. Fiscal PolicyThis afternoon I participated in a panel discussion about “Fiscal Strategies after the Global Crisis” at the International Monetary Fund. My short presentation focused on some familiar themes: Given current law and certain possible changes to that law that are generally supported by the Administration and many Members of Congress, the budget deficit and debt […]
- U.S. Fiscal Policy
Economic Outlook
- U.S. Fiscal Policy After the Financial Crisis and RecessionPresentation by CBO Director Doug Elmendorf to the International Monetary Fund Fiscal Forum […]
- Losing a Job During a RecessionEconomic and Budget Issue Brief […]
- S. 3217, Restoring American Financial Stability Act of 2010Cost estimate for the bill as ordered reported by the Senate Committee on Banking, Housing, and Urban Affairs on March 22, 2010 […]
- H.R. 4178, Deposit Restricted Qualified Tuition Programs Act of 2009Pay-as-you-go estimate for the bill as introduced on December 2, 2009, and amended on April 20, 2010 […]
- S. 2839, Torture Victims Relief Authorization Act of 2010Cost estimate for the bill as ordered reported by the Senate Committee on Foreign Relations on April 13, 2010 […]
- U.S. Fiscal Policy After the Financial Crisis and Recession
Here’s What Happens After You File
Most taxpayers have already filed their federal tax returns, but many may still have questions. Here’s what the IRS wants you to know about refund status, recordkeeping, mistakes and what to do if you move.
Refund Information
You can go online to check the status of your 2009 refund 72 hours after IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after you mail a paper return. Be sure to have a copy of your 2009 tax return available because you will need to know your filing status, the first Social Security number shown on the return, and the exact whole-dollar amount of the refund. You have three options for checking on your refund:
Go to IRS.gov, and click on “Where’s My Refund”
Call 1-800-829-4477 24 hours a day, seven days a week for automated refund information
Call 1-800-829-1954 during the hours shown in your tax form instructions
What Records Should I Keep?
Normally, tax records should be kept for three years, but some documents — such as records relating to a home purchase or sale, stock transactions, IRAs and business or rental property — should be kept longer.
You should keep copies of tax returns you have filed and the tax forms package as part of your records. They may be helpful in amending already filed returns or preparing future returns.
Change of Address
If you move after you filed your return, you should send Form 8822, Change of Address to the Internal Revenue Service. If you are expecting a refund through the mail, you should also file a change of address with the U.S. Postal Service.
What If I Made a Mistake?
Errors may delay your refund or result in notices being sent to you. If you discover an error on your return, you can correct your return by filing an amended return using Form 1040X, Amended U.S. Individual Income Tax Return.
Visit IRS.gov for more information on refunds, recordkeeping, address changes and amended returns.