Can I qualify for the stimulace refund if I file married but seperate. We are both over, but I only made 60K.?
Answers: If you are married filing separately, your spouse's income is not relevant to your rebate.
If you made $60K, you are under the threshold for the rebate phaseout.
Under the compromise bill passed by the Senate, 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. Since 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.
IF YOU MADE THAT MUCH IN THE YEAR THEN YOU DONT NEED THE REBATE, SEND IT TO ME
If a father have a child who become employed mid 2007 and also turned 18 contained by Sept. 2007, how does he folder?
Does he claim her as usual, and then she claim herself, or does she a short time ago file and not claim herself? ThanksAnswers: He would probably claim her. She would folder on her own with no dependants (she is the dependant on her Dads taxes). You can just be claimed once.
Earned income credit?
is it true that as long as im a child support paying parent iam entitled to claim this credit every other yearAnswers: No, it is not true. You are only eligible for EITC if you earn smaller amount than 35000 a year. I found out the hard route this year, I won't be getting it :(
On the flip side, it's nice to be making enough that I'm not eligible in a minute :)
No.
Go to the following website to use the EITC Assistant program offered by IRS, the RIGHT place to ask this question....
http://www.irs.gov/individuals/article/0...
No, not even close to right. If you own a court order axiom you can, you might be able to claim the child as a dependent, but can't claim earn income credit for a child who doesn't live with you even if you can claim him or her as a dependent.