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 Stimulus REBATE Check Questions... HELP!?
Ok I was due to get my 08 Rebate Stimulus Check on 5-9-08 as my hubbys last 2 digits of his social are 51.
We filed and received our tax return way before the cut off date and it was even spent ...


 My grandma wants to give $50,000 to my wife and I want to know how to pay as little in taxes.?
I live in Washington state....


 If I receive some money (above $10000) as a gift from a relative living outside US, is it taxable?
...


 Why does the goverment take money out of your paycheck if you only made $52.00?
...


 Is money deposited in a 401k plan tax exempt?
My wife started making regular deposits in a 401k plan offered by her new employer in 2006.

Question: Is the money she invested in the 401k Plan tax deductible in 2006? In other words, do ...


 How do i put a new roll of labels in a price gun??
it's one of the new plastic ...


 If u make any courier is they will charge service tax or not?
if u make any courier, they will charge such as Rs.30, 40 or 80
is the service tax will be included in the amount or ...


 Can I withhold taxes as a single even though i'm married?
...


 Should I file a tax return for my infant son? He had about 50.00 in interest income from his bank account.?
This is the only income he received in 2007....


 Can I claim our daughter?
I have no idea how this works or what's best. The thing is my husband and I both work and we earn pretty ok money.. he says I should tell the payroll dept i want to claim our baby as dependent ...


 Does unemployment usually send a w-2 if you had taxes withheld????
okay its almost the 31st and still no w-2 from unemployment, they do send one out right????? i had taxes ...


 2006 child tax credit?
Can you make too much money to even claim the Child Tax Credit for the year 2006? If so what is the amount?? Thanks,...


 What is the difference between w-2 forms and your federal income tax return?

Additional Details
well I told my parent that I need the tax return and she said same thing but i think she was parranoid for me asking her for ...


 Duty Free when flying within UK?
Hi how many cigarettes can you buy if you are travelling from one UK airport to another?...


 Defaulted loan and tax return?
My husband and I are filing our tax returns separately. I have a student loan that is in default. Can my husbands refund be taken by the IRS because of my loan. This is our first year being ...


 Can i claim my live in girlfriends daughter on my taxes, federal and CA. state? and is she a child dependant?
on last years taxes i was told i couldn't claim my girlfriends daughter 15 yrs old because she wasn't a legal relative of mine. but now she not only is my girlfriends daughter but she is ...


 How do you go about changing your Social Security Number? How much does it cost?
...


 Can 2 people claim a house on their income taxes if they are not married but joint owners?
My friend and I bought a house this year. Now I am stumped as to what to do for income tax time. Can both of us file for the house on our income taxes or just one of us? What about the ...


 When married and filing taxes, what is the difference between filling married but seperate or filing injured?
My husband and I got married in August, that's less than six months before tax time. because we got married so late in the year should we file married but separate or married and jointly? Or ...


 I got $1200 in tax rebate but i have 2 kids i thought $300 for each child?
...



nacho c
I made around 42000 this year claiming 3, but will have no dependants at time of tax return will i get money?
                     
 




Michael R
Here I'll be to the point....

You will have a tax liability of 33,250 if you take the standard deduction and claim one exemptions(yourself).

Tax that you will owe on that is 4,736.

Now guess you got paid bi weekly around 1615 you would pay around 4,000 per year in taxes claiming 3.

So I think you will have to owe. Unless you have other credits/deductions/exemptions you can claim that will lower your tax or tax liability.


Fordman
Rating
That would depend on what your other deductions are. To be honest, most likely, you will not and you will owe money. Have a professional do your taxes this year. It sounds like you may have been involved in a divorce or something.

good luck.


Judy1
Rating
That depends. If you have $6000 or so in adjustments or in deductions over the standard deduction, you'd be OK. But if you don't, figure that you will be writing a check for extra tax rather than getting any refund.


omnisource
Rating
You'll be able to claim the dependants so long as they lived with you for more than six months of the year in question. Doesn't matter their whereabouts when you file.


Barry auh2o
Rating
Whoa! It isn't how many dependens you have when you file, it's how many dependents did you have during the tax year. You aren't telling us much, but it looks like there was a divorce or something else involved.
To avoid getting the shaft, perhaps a trip to HR Block might be in orde.
Good luck.


kay
unfortunatley unles syou have a lot of itemized decuction like mortgage interest medical etc you are more than likely going to have to pay


swflsteelerfan
Rating
Yes. You had dependants in year 2007 which is the year your filing for. It has nothing to do with 2008 which will be year you have no dependants.


kneedragger
Rating
probably not. and you will more than likely have to pay. i hope you had lots of cash taken out of your check and that you have a hefty finance rate on a mortgage.


pandorasbox40
no you will most likely have to pay


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