The Official Newsletter of HyperUSA, Inc.
July 2001 Volume 1, Issue III
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New Tax Law Means Money for Many Taxpayers Under the new Economic Growth and Tax Relief Reconciliation Act of 2001, the Internal Revenue Service and the Treasury Department will begin sending out advance payment checks this summer. Recently passed by Congress and signed by President Bush, the law states that many American taxpayers will receive a check throughout the months of July, August, and September. For those who qualify for the advance payment, the IRS will send a letter in July, which will explain how much you will receive and when you can expect the check to be mailed. If you do not qualify, you will receive a letter stating why you are not eligible for the advance payment check. Taxpayers who paid Federal income taxes for 2000 and were not claimed as dependent on another person's 2000 tax return may be eligible for the advance payment. Single taxpayers could receive up to $300, heads of households could receive a maximum of $500, and married couples could receive up to $600. The advance payment checks will be mailed according to the last two digits of your Social Security number.
Taxpayers do not have to do anything to receive this check, but remember to keep the IRS letter for records. Also, if you have moved since you filed your last tax return, you should notify the U.S. Postal Service about your change of address.
For detailed information on the advance payment checks, or to see if you qualify, click here.
Staples 5th Annual Teacher Appreciation Day "The Teacher Appreciation Day is intended as an acknowledgement and benefit to the teachers by providing them with unique sales and pricing to save money and acknowledge their efforts in the community," said James Cassidy, Staples General Manager. Cassidy stated that Teacher Appreciation helps to support the local teachers and administration for their dedication to the children and community. State Farm®, Members Credit Union, and Surfing HyperUSA™ are just a few of the local businesses providing information to attendants. Surfing HyperUSA will offer faculty and administration a promotion to waive the Internet access activation fee for residential service. Information will also be available explaining current services and rates for business consumers. "We appreciate Hypernet's participation and believe that this is a mutually beneficial agreement in hopes of furthering local businesses in the Cleburne Community," Cassidy said. Other companies expected to attend are Palm®, Nextel®, and Sprint®, which will hold informative presentations throughout the day. Teacher Appreciation Day is scheduled from 10a.m. to 4p.m. and several of the school districts expected to attend are Cleburne, Rio Vista, Alvarado, Grandview, Joshua, and Glen Rose. Sales Tax Holiday Scheduled for August Tax-exempt items include:
Texans saved a combined $69.6 million in state and local taxes during the 1999 and 2000 tax holidays. There has been a recent proposal by state Comptroller Carole Keeton Rylander (R), which would save taxpayers an additional $46 million from 2001 to 2003, at the cost of the Texas treasury. The proposal could extend the three-day sales tax holiday to five days and include safety equipment, school supplies, and materials needed to sew children's clothing. Although this issue has been pushed hard by Rylander and filed as a bill by Senate Finance Chairman Rodney Ellis (D), no decision has been made to extend the weekend savings or include additional tax-exempt items to the current list for 2001. Tax is due on sales of athletic clothes, protective clothing, and footwear that is not normally worn except for its intended use. Tax is also due on sales of accessories, jewelry, handbags, luggage, umbrellas, wallets, watches, and similar items. Taxable items include:
For more information about the Sales Tax Holiday including complete lists of tax-exempt and non-exempt items, please visit the Sales Tax Update page. The three-day sales tax holiday will begin at 12:01am on Friday, August 3rd, and end at midnight on Sunday, August 5th.
The Art of Pressed Flowers |
Pressing flowers is a fun and easy project to do, either with the kids or by yours