Is there a limit to how many kids you can claim for 2008 tax rebate?
Answers: You're gonna have to wait until the legislation is finalized and passed by congress. No way to know what the rebate plan will actually be untill then.
I would think the limit would be the number of kids you have.
If you have 4 kids you can't claim more than 4.
Penalties for not getting w2's prompt?
My husbands company says they will not enjoy employees' w2's ready by the Jan 31st deadline. Just curious what the penalty are for the company! Thanks!Answers: Usually $50 per late w-2. But they own until February 29 to file these near Social Security Administration.
Even if they are late near the w-2's, there is probably a really good aim. There are probably benefits or stock options involved that involve to be computed and this sometimes takes extra time. Better to hold a late correct w-2, afterwards to get the wrong one prompt. If you file beside an incorrect w-2, you will have to directory an amended return (at your own expense) once you receive the correct one.
Note, some financial institutions also take longer to convey final figures, especially within special interest cases.
Honestly, unless they're super late (like April), within won't be any penalty.
2 senior citizens payment no taxes so will we seize unusual excise rebate?
We file a return but owe no taxes.Answers: It is base on your income, not on the taxes you spend.
So if you are retired and your income is under the threshold ($32K?), you clear not taxes, but the refund still is mail to you because you have MORE than $3,000 surrounded by income (social security alone probably provides that much).
Enjoy the check.
Under the current proposal, probably not. But this could transmute - it isn't finalized yet.