Asking a tax expert, if yearly wages is 38,820 m/f/joint (1 inc.) pd. Miss. st. 1,575 does 614 ref. sound rite
Answers: Go to the H&R Block tax calculator, enter your data, and get a good estimate of your taxes and refund:
http://www.hrblock.com/taxes/tax_calcula...
How much Federal was withheld? My crystal ball is a bit fuzzy today.
Tax rebate for son contained by college ?
My son, in college, file his own taxes, yet we claimed him as our dependent. My husband read contained by USA Today that the rebate for dependents applies if they are under 17, so will any of us get a rebate on him?Answers: If you claimed him as a dependent, later you should get the $300. He can NOT claim himself on his rates return and he will not get any rebate for himself.
Did you check into the HOPE credit, the Lifetime Learning credit, or the dedution for qualified tuition and fees? Since you claim him as a dependent, you are probably paying for his tutiton...Yes?
Check out IRS publication 970 for the credits you can claim. (If he is paying his own expenses, after he can claim the credits instead of you).
When your son files his 2008 tax return within 2009, if he makes adequate money to have taxable income, he will acquire the tax easing then.
I heard the IRS is giving back money? Anyone know how much? And to WHOM?
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.
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.
You already got the answer I had, to give. just wanted to say, take my little angel Shopping when it gets here, Think he can spend $300. bucks by him self.?.LOL.They said earlier on the news they are starting to print the checks, so it should not be too long.