Bush's due return plan...?
i made $15,000 in 2007 and I am a full time college student. Am I getting anything final when he sends out these checks for $300, $600 and $1200?? If so, will I be getting 300 or 600?? I'm so confused?Answers: Regardless of whether your parents claim you as a dependent, under the jargon of the compromise bill passed by the Senate, you also would be eligible to receive a rebate of up to $600 if you paid that much contained by Federal Income Tax. If you only rewarded $350 in taxes (less than the $600 rebate limit), you solitary get put a bet on $350. Since you had earn income of at least $3000, you would bring at least the minimum rebate of $300.
While the rebate depends on your 2007 income, it is in actuality a rebate toward your 2008 taxes. According to the proposed plan, in 2008, taxes would be cut from 10 percent to nought percent on the first $6,000 dollars of taxable income for individual taxpayers.
It's like a one time duty cut for 2008, but you get the rebate immediately instead of waiting to file your 2008 taxes. Because this is an mortgage payment on your 2008 taxes, your discount next year could be more (or smaller amount!) depending on your 2008 income.
You should get final $300 from the way I know it. If you file a charge return, you are eligible for a rebate.
How much can you earn a year before having to pay taxes?
Answers: If you are single, You can earn $8,750, then they start taxing every dollar you earn, after that !
Will people on social security disability receive a check from the stimulus rebate program?
Answers: The Senate today added payments for seniors and disabled veterans to an economic stimulus package approved by the House.
The Senate added a provision granting $300 checks to seniors, disabled veterans and veterans' widows who can show $3,000 in Social Security or veterans' disability benefits last year.
They did add disabled veterans and SS retirement receipients. Not SSDI or SSI receipients.