Taxes Questions and Answers

What is the diff between export tax rebate and toll reimbursement??

What if there is a mistake on my taxes?? but i already received a export tax refund...What will transpire? my sis is wondering??


Answers: A rebate is taken off of the amount you owe for the year.
A return is the amount you get put money on, if any. It is the difference between what you paid throughout the year, and what you should own paid.

Let's influence your tax return say you should pay $10,000 contained by taxes. But you had $12,000 surrounded by payroll deductions throughout the year.

Your duty refund will be $2000, because you rewarded too much.

Now let's say you win a tax rebate of $500 because of eligible deduction. This means you should just pay $9,500 within taxes, and your refund will be $2500.
You involve to be a lot more clear on what you are asking up to that time anybody can give you any adjectives advice.

And one request for information mark per query is considered sufficient.
If there is a mistake contained by your taxes, you would be reassessed. If the mistake appears to be intentional, or as a result of negligence, you may also have a fine.

As for a rebate...rebate are generally programs that the establishment uses to give out/back money, There is a New Housing Rebate, which allows you to receive quantity of the amount of GST back on a unusual house, for example (this is often assigned to the builder).

Does Pension and Social Security count as income for the rebate?

My husband and I get Pensions and he also get Social Security. We paid taxes on that so is it considered income for the rebate.


Answers: This year it will be given to everyone who files, not merely people who rewarded taxes. So families who salaried no taxes last year will catch $600. The amount of your "rebate" will have to be claimed as income when you profile your 2008 taxes.
I dont think so.

I made only 50.00 and my husband made over 75,000, are we eligible for the stimulus plan? If not, child cred?




Answers: Yes on the above, read following article from Yhaoo Biz, will give you a basic idea about the plan and who can get what
how come you only made $ 50.00

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