I am on disabilty do i get a refund?
Answers: There is one loop hole where you do. If your a home owner with a mortgage. You can file your disability income. And get a tax credit refund for the same doller amount you would have been allowed to deduct from your tax. If one doesn't file that interest the big time lenders get away with it tax free.
Did you pay taxes? A refund happens when you pay more taxes than you owe and the government refunds the difference.
If you didn't pay any taxes, you can't get a refund.
If you are on disability from employer-paid insurance, you have income and may be required to file.
If you have dependents, you may be eligible for tax credits.
If no to either one of these, I'm guessing no. Take your information into H&R block or Jackson Hewitt and ask them to complete an estimate. We do that sort of thing lots.
If they take income tax out of disability payments (either federal or state) then you could receive a refund but you have to have made an overpayment of taxes which is a where the refund comes from, if you didn't pay enough taxes you may owe.
Is the stimulus pack checks rebate or refundable credits?
The reason I ask is that if their are not shifting the tax rates and these are rebate then deeply of us could end up freshly writing a check back to the establishment next year, correct? I parsimonious these are really just an credit on next years export tax return so in effect, you could call a halt up having to reimburse it back? Or are they refundable credits, which money we can keep the money even if it's more than our due liability?Answers: Rebates.
This will be a one-time payment from the organization to you. You will not have to discharge it back and this will not be something on your due return. I guarantee it will not be on your tax return because the governing body is not going to back and revise the forms for this excise season any more. They are already revising some forms for the AMT legislation that was passed.
2007 Tax Rebate?
Ive been audible range a lot give or take a few a proposed tax rebate for individuals and couples, and Ive see a little bit on the communication. Does Anyone have any info on this as to how to check into it, or will it be automatically sent out to qualified family? Any help would be great!Answers: Hey you,
You must confer to whoever is doing your taxes to be sure, I got mine.
-for individuals can go and get 600
-couples: 1200 if have children beneath 18 can claim 300 for each.
you enjoy to file for the 07 duty first inorder to recieve the rebate, but if you (individual) have an annual surrounded by come lower then 70,000 can achieve 600 back. for couples/families near an income under 120,000 can draw from 1200.
however, this plan that try to push the economy may lend a hand little. i don't think this would backing much. infact it may create more troubling issues. since people habitually spent more then they should and this will front to more debt. after they spent all the rebate or even more. as a result stock may drop more afterwards now. for me i infer is better to save that rebate money within a save, cd, etc..., but not stock because after the little push of the cutback things will go deeper later now. okay this is my option and hopefully it can serve.