I paid withholding through the year, but with the Child Tax Credit, It ends up being no tax due and all of the withholding back.
How do I know if I %26quot;paid (enough) tax%26quot; to get a stimulus check?
If you had earned income of at least $3000, you would get at least the minimum rebate of $300 even if you paid no 2007 Federal Income Tax.
While the rebate depends on your 2007 income, it is actually a rebate toward your 2008 taxes. According to the proposed plan, in 2008, taxes would be cut from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.
It%26#039;s like a one time tax cut for 2008, but you get the rebate now instead of waiting to file your 2008 taxes. Because this is an advance payment on your 2008 taxes, your refund next year could be more (or less!) depending on your 2008 income.
How do I know if I %26quot;paid (enough) tax%26quot; to get a stimulus check?
You%26#039;ll still get a stimulus check if and when they go through. I believe something might have happened with it today. You%26#039;ll get $300 for yourself and $300 if you have a child.
How do I know if I %26quot;paid (enough) tax%26quot; to get a stimulus check?
It%26#039;s not based on if you %26quot;paid enough tax%26quot;..... It%26#039;s based on your income. If you filed a tax return, and had gross income above $3,000, then you are eligible for the rebate.
It%26#039;s passed the house, and looks like it passed the senate today... Now Bush just has to sign it.
It%26#039;s $600 for yourself, and $300 per kid.
How do I know if I %26quot;paid (enough) tax%26quot; to get a stimulus check?
If you file an income tax return, you should get a rebate. Approximately 2 hours ago the Congress overwhelmingly passed the rebate plan and have sent it to the President for his signature. Since it was his idea (basically) I%26#039;m sure he is going to sign it.
No comments:
Post a Comment