Taxes Questions and Answers

How much will my tax rebate check be? filed head of household 32000.00 3 dependents?

Answers: Under the compromise bill passed by the Congress, you would be eligible to receive a rebate of up to $600 if you paid that much in Federal Income Tax. If you only paid $350 in taxes (less than the $600 rebate limit), you only get back $350. If you had earned income of at least $3000, you would get at least the minimum rebate of $300. If you qualify for a rebate, you would get an additional $300 for each dependent child under 17.

While the rebate depends on your 2007 income, it is actually a rebate toward your 2008 taxes. According to the proposed plan, in 2008, taxes would be cut from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.

It's like a one time tax cut for 2008, but you get the rebate now instead of waiting to file your 2008 taxes. Because this is an advance payment on your 2008 taxes, your refund next year could be more (or less!) depending on your 2008 income.

Use the link in the best answer source to the runeye.com below to compute your rebate.

What is going on here again with the thumbs downs on correct answers?

A ask more or less council charge.?

does my mum who is 60 in April hold to pay full council due if she only works factor time, she already gets a 25% discount for anyone single. She had a missive saying that she would start to receive a income.

Answers: You can check online if you are eligable for council tax benefit. I would create in your mind that she should not have to money all of it. This is the knit

Your Mum will still have to wage the Council Tax, but she may be able to search out Council Tax Benefit. The usual criteria to receive this is not to have hoard of over lb16,000, but if a person is aged 60 or over and getting the 'guarantee credit' of Pension Credit, this could be paid them eligible, even with reserves over that amount. Visit the Government site below for more information.

Income from Home trascription is 4000/month. Is it compulsory to pay tax?

Answers: 48000 rs pa is below the minimum returns required !
You can file 'Zero returns' But this is not compulsory. I will advise you do file as this increases your credit worthiness and if you want any loan they will ask for the Income proof ! The filing is the proof . Hope it helps.

of course

just possibility of better deductions in january

If you have no other income other than this transcription amount, then no need to file any returns.

If you have any other income other than this said income, then club all your incomes and if they are more than the below given figures, then you have to file your returns.

If you are a Male your tax free income is Rs.1,10,000 per year

If you are a Female your tax free income is Rs.1,45,000 p/year

Advertising Marketing
Careers Employment
Corporations
Credit
Insurance
Investing
Other
Personal Finance
Renting Real Estate
Small Business
Taxes

Related Questions

Can you write stale taxes remunerated to state and local on levy return?

I recived 1099- G form .. statement of tax overpayment.. what is that & what am i to do with it ? help?

Are university loans and interest excise deductible?

What is the minimal amount I can earn to qualify for an earn income credit.?

Does anybody know roughly how much H & R Block or Jackson Hewitt charges for duty preparation fees?

I am from South Africa and worked within the US contained by 2007.I in recent times get a W-2 excise form from the US. What, how & where on earth?

$600 dollars when record taxes 2008?

Taxes problem!?