Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 Will I get a refund???
I was sent a letter from the IRS about 6 months back saying I still owe 200$ for unclaimed income for my 2004 taxes. I have filed for my 2006 taxes already, and am looking at a nice refund. Will the I...


 My father invested $15K in my business in 2001. Business died year later. Can he see tax return on monies?
...


 What monthly salary?
How much would I come out with per month after tax, NI and pension at 11% if I was paid 21000pa
Additional Details
pa is per ...


 If my son is 20 and lives with me...can I claim him as a dependent on my taxes?
He lives with me and is a student....


 If I worked as an independent contractor last year...?
and only made around 3,000 dollars, but didn't file, is the IRS going to come for me? I was a restaurant delivery driver and didn't want to go through the hassle of adding up all the miles ...


 If both mine and my husbands w-2 have no federal income tax withheld, are we going to owe?
We also have two dependants, and our total income was 38k. Thanks for any help....


 We have small business, how can we reduce our tax?
We have very little expenses, use our personal for the business. We like to buy a business car, any pros & cons? Also we pay tax approx £11k each year. We are wondering if can save this money in ...


 Home inheritance?
how do you protect the inheritance of your home to your children if when you get older and may need to go in to a care ...


 What is my filing status?
I was married in Sept and filed for divorce in Nov. I left his house in Oct, we lived together since Feb. I have custody of our daughter. I wanted to know if I could file Head of Household. I do ...


 Can I claim my child on income taxes even though I do not have custody of her?
My child was born on August 18th, 2006. On October 17th, 2006 Child services placed her in protective custody of a family member. I have been ordered to pay child support, begining the first of ...


 Will I get tax money back or owe? Made =$21474. Fed. Inc. Withheld =$1477. SS Tax=$1331. Medicare= $311.?
I can't figure out how to claim myself as a dependent on turbo tax it asks for a name other than mine but i and only i support myself. T...


 Why are there only 150 million Tax payers when the U.S has over 250 million people ?
...


 What does VAT registered mean?

Additional Details
I know what V.A.T stands for but what does VAT Registered mean?...


 If a person doesn't file taxes, but doesn't owe the IRS additional money, what are the chances of a problem?
Yes, she is required to file based on IRS requirements, but if she doesn't owe money will they really come after her?...


 If you don't owe anything, are you guaranteed to get the May tax rebate?
...


 Will we be able able to claim my kids?
My fiance claimed my 2 kids and me on the 2005 income tax return
and IRS audited him and we did not have enough evidence that shows he
lives with me and maintains my kids finacially well ...


 How do you feel about taxes?
...


 Are there any ways that I can claim back some IHT tax which I have had to pay on my late Fathers estate?
I have had to pay out quite a few thousand pounds on his estate and think it is so unfair paying this money back to the G...


 My federal withholding taken out doubled since I added my girlfriend to my medical benefit, should that happen
...


 Why is it so hard on small businesses?
My husband and I own a residential/small commercial electrical company. We have 10 employees and 5 trucks. Besides having the cost of insurance on the vehicles, we have to pay workman's comp, ...



A & S's Mom is a Billionaire
What is a rebate and who qualifies? 10 points ?

Apparently if you earn less that the personal allowance you can claim a rebate is this the case?

Any extra would help
                     
 




anon
Rating
A rebate is when you get back tax that you have paid throught your salary any one can qualify

if from april to april you earn less than the personal allowance or if you have been on the wrong tax code e.g BR (basic rate) then you may be entitles to a tax rebate

at present most peoples personal allowance is £6035 (tax code 603L) so if you get paid monthly say £1500, £502 of this will be non-taxable so they will only tax you on the £998, if by the end of the year you have not earned over £6035 (for example if you only work for 3 months of that year and earn £4500 for the year) you can claim the tax back that you paid for those 3 months of work

this is just an example, hope it helps


Sunshine_Coach
Rating
A rebate is an amount paid by way of reduction, return, or refund on what has already been paid or contributed.

Everyone Can Qualify For It.


Judy1
Rating
If you made less than the amount where tax cuts in, AND you had anything withheld for that tax, then you get the withheld amount refunded.


D R
Rating
you can get the tax back of your saving if your income is lower than your personal government allowance that is your rebate


Clark Kent
Rating
To qualify you must have 'earned income' or social security benefits.
Earned income is income earned by being an employee or by being self employed. All other income such as interest, dividends, rent, capital gains, do not qualify you for a rebate.


Worldly25
You need to give more information. Rebate on Federal taxes or State Taxes? Everyone who filed Federal Income Tax Returns for 2007
has been considered for the rebate. Check the Fed site irs.gov


stephenweinstein
Rating
A rebate, in this context, is money that Congress (not Bush, contrary to popular opinion) decided to have the IRS send to some, but not all, of the U.S. population.

Anyone who filed 2007 tax return, could not be claimed as a dependent by anyone else, AND had at least a certain amount of qualifying income qualified. The rebates are sent automatically to all such persons; there is no need to submit a separate "claim" for the rebate after filing the return.

If you earn less than the personal allowance, you probably do not have enough qualifying income. However, if you have enough other qualifying income (in addition to what you earn), you might qualify.


steffi
Rating
No, you can only claim a rebate if you have overpaid tax. If you haven't paid any, you can't get a rebate.
You may be able to get working tax credits if you are low-paid.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.054
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy