 Tax question, I know some places offer you cash back right away when filling taxes, are any good and cheap? |
| cause I want my money nowwww, and i don't know if i'll pay an arm and a leg for this, does anyone have a real answer?... |
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 How do I get a Tax ID #? |
| I have a home daycare and don't want to give out my SS#. How do I go about getting a tax id #?... |
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 Will the tax rebate be based on 2007 or 2006 AGI? |
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Just curious how they will determine the income cap at 75K/150K. I'm assuming it may be based on AGI, but not sure how and when they'll determine it (if ... |
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 Should an automotive repair shop charge sales tax to their customers ? |
| In Texas an automotive repair shop that sales parts in the repair of a vehicle, not for over the counter sales but only sales items to be used by that repair shop in their day to day services offered ... |
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 I have a Permanent Account Number (PAN) of someone. Is there any way to know that to whom does that no. belong |
| i don't know to whom the number belongs but its vital for me to know it.. is there any site or any centres that can let me know the detail. its nothing anti-social or against any laws.... |
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 Do I have to pay taxes on land that we are selling that has been in the family for over 100 years.? |
| The land I am selling was given to me by my father & the land has been in the family for over 100 years. Do I have to pay capital gains taxes on it if I sell it.... |
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 How do I find out if I'm entitled to a tax rebate? |
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which form do i need to complete? p60, p40, or p50? inland revebue website isn't the easiest to navigate!... |
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 Where do I send My w-2 form to get my income tax??? |
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It's not mine it's my boyfriend's but he wants me to do it.
I got scared he would get mad so I lied and told him I already did his taxs for him.<... |
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 How do I find out the amount of my tax stimulus? |
| I've been looking all over online but I just keep finding a form that people have been stating is incorrect. I filed my 2007 tax return with 1040A. How do I figure out how much I'll be ... |
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 Is there a Tax Credit for Hobby? and how is this possible!? (texas)? |
| buddy of mine went to get taxes done, preparer said i can get you $250 back. my bud got upset, tax guy said he actually owed but worked the numbers. my friend then went to another lady that gave ... |
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 If my child lives with me but visits his father on the weekends can he claim him on his tax's? |
| i have worked off and on since the father of my son and i split up, going on 3 years.. the jobs i had, i didnt work much at all about acouple months most, due to some difficulites with son in ... |
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 How many...? |
| My friends hubby just got a job that will pay him approximately 24,000 a year. She does not work and they have 3 kids. He says they shouldn't claim but 1 dependant through the year and the rest ... |
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 How much income tax can I expec to get back if I have a 6 month old baby, who I do not claim as exemption? |
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No one else is claiming my child. I make about 2188 a month, but after taxes it is 1542.... |
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 My tax code was changed from 503L to 522L, i don't know what this means, even though i have two jobs? |
| Though the two jobs i have always been on 503L, Now one of them has been changed to 522L, but am yet to get my payslip for the other job. Can someone please explain what 522L means. Thank you.... |
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 Does stimulus rebate checks go out by head of housholds ssn or by first on tax returns? |
| I have been told that the economic stimulus checks go out by the ssn of head of houshold, but then again in have been told it goes by who's name is first on the tax return, when filing jointly. ... |
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 Do I report the house I bought in september on my 2006 taxes? |
| My husband and I bought a home in September 2006, do we report it this year or next year? This is our 1st home & we feel lost with all this stuff. Will we get anything back for points we ... |
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~Stargirl is cold~ | How many of you have got your stimulus check and it was less than what you anticipated? |
I got mine and I was supposed to have got 900 and I only got 600. All of my friends that were supposed to have got 600 got 300. What's up? Has this happened to any of you? If so, what have you done about it? |
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bostonianinmo
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There were errors in calculation of the rebate in LESS than 1% of all checks, and the IRS is already aware of those and will be making supplemental payments in July for those folks.
The number of folks who don't understand how the rebates are calculated is probably 60%, based upon the traffic on this site.
Your rebate depends upon your TAX LIABILITY, net of most credits except for the EIC, Child Tax Credit and Additional Child Tax Credit, for 2007. To find your tax liability for purposes of the rebates, look at your tax return. If you filed Form 1040, add lines 57 and 52. fi you filed from 1040-A, add lines 35 and 32. If you filed Form 1040-EZ, look at line 10.
If your tax liability was $300 or less if Single (including HoH, MFS, or QW) or $600 or less if filing jointly, your base rebate is $300 if Single or $600 if MFJ as long as you had at least $3,000 in Qualifying Income. If your tax liability was between $300 and $600 if Single or $600 and $1,200 if MFJ, your base rebate is equal to your tax liability. If your tax liability was $600 or more if Single or $1,200 or more if MFJ, your base rebate is $600 or $1,200 as appropriate.
Now that you know your base rebate, add $300 for each child who was listed as a dependent on your 2007 tax return AND who was UNDER age 17 as of Dec 31, 2007.
Finally, if your AGI was more than $75,000 if Single or $150,000 if MFJ, deduct 5% of the amount that your AGI exceeds those ceilings to arrive at YOUR rebate.
If you're like 99% of all taxpayers, you got the CORRECT amount and there is NOTHING for you to do about it, other than enjoy your mini-windfall. And if you're in the 1% of taxpayers who messed up on the Child Tax Credit claim, the IRS already knows about you and will send you a supplemental check in mid-July. You don't need to do anything to get that; it will be automatic. |
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Wayne Z
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Single people were eligible for a rebate of "Up to" $600. Most people (including the media) seemed to have ignored the "Up to" part.
If your income was low enough that your tax liability was below $300, then you would only receive $300.
Your 2007 liability was apparently below $300. As such, you received $300 for you plus $300 for your child. |
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Clare
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I knew what our 2007 tax liability was from our 1040 form, and we got exactly what I'd figured we'd get. So it was no surprise that we didn't get the maximum amount of $600 each.
People that didn't notice how the stimulus amount was figured, and only saw "between $300 and $600" are the ones that seemed to assumed they'd qualify for the full $600 each.
But, the IRS was very clear, so there isn't anything to be "done about it" other than if it happens again (not that it's likely), read the details and figure the amount so it won't be a surprise. Don't just plan on getting the maximum amount. |
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Judy1
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You get UP TO $600 as an individual - the $600 is for people whose federal income tax liability for 2007 was at least that much. Otherwise you get the amount of the tax, with a minimum of $300 assuming that you qualify for the stimulus payment. Many people ignored the "UP TO" and just assumed they would get the maximum amount. |
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Micki
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Review the stimulus calculation option on www.irs.gov
It all depends upon what your income was - the $600 per taxpayer is only an estimate - not actual!!!!! |
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ciera07
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i was suppose to get 600 also but when the check came through it was only 300 however when i did my taxes i was in the army and ended up being discharged for medical problems .and then eneded up pregnant a month later....so basicly for do the housewife thing while im pregnant and not actually working right now while my hubby is in the army ..i only got the 300 for working part of the year....at least thats what i got out of it......just look at it this way free money is free money i wouldn gripe if it was a little less it all comes in handy either way |
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jessie
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I was supposed to get 900 and that is what i got for me and my 2 children. It all depends on your tax liability. If you had no tax liability then you only get 300. Line 37 on form 1040a shows your tax liability. If your tax liability is 357 then that is what you would get back if it is 400 then you get 400 if it is 607 then you would get 600. |
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Jss
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More than 50% received less than they expected.
The rebate payment is equal the amount of tax liability on the return (tax liability on the return Form 1040 line 46 or Form 1040A line 28) with a minimum amount of $300 and a maximum amount of $600 for individuals.
If you do not receive full amount of $600 now, then you may get the balance amount when you file your 2008 return, and you become eligible for the tax rebate.
For information on stimulus tax rebate read: http://taxipay.blogspot.com/2008/02/are-you-eligible.html |
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