 Who claims son on income taxes? son lives w/ me.? |
| Ok, my X is a real jerk! just won't stop his dirty tricks. My son lives w/ me. I claim my son on my taxes. It is written in black & white in the divorce decree that I claim him. Past 2 ... |
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 Nonresident aliens contribute Social Security & Medicare Tax, but can't get any benefits later, fair? |
| I am a Canadian citizen & resident, and have worked in US as a nonresident alien for a couple of months last year. The US employer deducted Social Security & Medicare Tax (about $2,000) from ... |
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 I'm supposed to be in the first batch of IRS rebates. It's May 2... and i still haven't recieved anything? |
I filed my taxes in the very beginning of February... my last 2 digits are 00... and i had direct deposit! I WANT MY MONEY
Additional Details
i didn't need smart @$$ answers. im not ... |
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 Am i eligable to recieve working tax credits? |
| i'm 25. i live with my friend and i earn £16000 a year. My mate seems to think i am but i'm not so sure.... |
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 What is the highest tax paid on unearned income? |
| What is the highest tax paid on unearned income? Is Lottery winnings considered unearned income?... |
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 My mum is on benefits, and because i work and live with her, they are now charging me all the rent. how come? |
| i am 19 years old and work part time, i earn around £150 per week. my mum is on incapacity benefits as she is disabled, and now that i work, they have been charging me £50 per week of the rent, ... |
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 American Tax Payer, Why should we pay? |
| For your education. Hillary Clinton would like to give $5000 to children born in America to pay for education or what ever. I paid for my own education here, so why should my tax money pay for other ... |
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 My e-file (IRS) was aceppted on the 11th but..? |
The IRS said they would be deposited today the 25th (08') And they are still not in my account...
Its like 11 am here (in Michigan) and I was wondering when today they would be depositing ... |
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 TV Licence - If I have one does it not cover anywhere i watch TV? |
| Say for instance if my local sports club, work, working mens club etc didnt have a tv licence surely if the patrons, employees do etc then that should be enough! Why is this not the case? Why should ... |
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 Mr. Smith earns $45,000 per year. He works 50 weeks per year and earns the same amount of money each week. How? |
Mr. Smith earns $45,000 per year. He works 50 weeks per year and earns the same amount of money each week. How much does Mr. Smith earn per week?
$9
$90
$9... |
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 I got a W2 after I filed my taxes, what can I do? (LEGALLY)? |
Additional Details
I worked for a company for a very short time (I forgot about it)and didn't receive the W2 by Feb 1st, it was lost in the mail...
Can I add it to next year�... |
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 According to the IRS schedule I was supposed to get my stimulus by May 9th. I have not received it yet.? |
Anyone else with the same problem? I definatley qualify as a single parent with two kids who made over the 3,000 minimal. Plus I had my taxes direct deposited to my bank. Last digits 48.
A... |
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 Are home improvements Tax Deductibile? |
| Are home improvements, such as a waterfall/pond.... Tax Deductibile?... |
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cwstuffff | If the incentive Tax Rebate happens, will that money be considered taxable income in the following year ? |
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Richard M
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No.
The rebate will not effect your 2008 federal tax liability or refund. The law says the IRS can't recover any extra rebate payment by reducing your 2008 refund or adding to your 2008 tax bill.
The "rebate" is an advance credit against your 2008 tax return (which will be filed in 2009). However, it is calculated based on the amounts shown on your 2007 return. When you file your 2008 return, the IRS will recalculate your "rebate" based on the 2008 amounts. If this results in a larger "rebate", you will receive a check for the difference. If this results in a smaller rebate, you will not have to repay the difference.
The "rebate" will not increase or decrease any tax refund to which you are entitled. It is an additional refund. |
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Judy1
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Not sure what you mean by "if it happens" since it's already passed into law well down the road to being implemented. And no it isn't taxable next year.. |
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v b
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No.
But the forms will work the same way they did the last two times and people will be convinced they did. The forms will calculate the rebate as if you hadn't gotten it early and then subtract out the amount you received. This gives people a second shot at getting the full amount. But you only get the money once. |
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katydint
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No, it's a gift, not Earned Income. |
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Eric Rhodes
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Totally free. Do not need to report next year. Here is what the IRS has to say about it.
Q. Is my stimulus payment taxable?
A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment. In the event you do not qualify for the full amount this year but you do next year, you will need to have the letter as a record of the amount you previously received.
Go to this page http://www.irs.gov/newsroom/article/0,,id=179181,00.html
on the IRS site and scroll all the way down the page until the 6th question from the last. |
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tlc
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The Rebate IS happening, and it will NOT be taxable income for 2008. |
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Jiggy Jon
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No, it's a free check. No tax liability. |
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vangorn2000
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The answer is NO, it's not. Unlike the rebate in 2003, which was a loan against next year's refund, this stimulus package is a straight return to the citizens of the taxes collected in 2007.
According to the IRS website of FAQs about the tax rebate:
Q. Is my stimulus payment taxable?
A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment. In the event you do not qualify for the full amount this year but you do next year, you will need to have the letter as a record of the amount you previously received. |
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Republic Con
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free money. |
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iittghy?
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Yes, we will be taxed on it, so be sure to keep some aside to prepare for that next year. |
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