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Jessica | I'm 17 and have a part time job, will I get a tax rebate? |
I made about 9,000 last year, will I get a tax rebate? If so, will it be the full 600?
Additional Details
why don't i deserve it? i still pay taxes just like everyone else. and if someone who only earns 3000 gets one why shouldn't i? |
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Richard M
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Regardless of whether your parents claim you as a dependent, under the terms of the compromise bill passed by Congress, you also would be eligible to receive a rebate of up to $600 if you paid that much in Federal Income Tax. If you only paid $350 in taxes (less than the $600 rebate limit), you only get back $350. Since you had earned income of at least $3000, you would get at least the minimum rebate of $300.
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'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.
Use the calculator below to compute your rebate. |
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517
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Those statistics have not been released yet. At $9,000.00 you will not get the full $600.00 but you will get something. The objective is still have the recipient spend the money to stimulate the economy and keep the United States out of a recession. |
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bnd
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i believe it will depend on if your parents claimed you on their taxes or not..since you are 17 it probably goes to them... |
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Jack Skelington
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I don't see why you would get it when you don't deserve it. You have to still live at home otherwise 9000 wouldn't cut it. If you get one tell me so I can move to Canada. |
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Judy1
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Not if you are a dependent, and you probably are. Your parents will get a rebate for supporting you. |
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Lucky
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I don't know....all I know is that I owe $2000 ughhh |
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Astrolion
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You should see a refund.
I assume also that you are a dependent on your parents tax return, so it may not be the full $600.00 |
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csonic
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If your parents claim you on their 2007 tax return as a dependent THEY will get the rebate, if they do not claim you as a dependent then you will receive the rebate.
Source cnn.com |
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dopesterblack
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Ya you should!! |
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