Economic Stimulus Package: Do 18+ year old-fashioned dependents bring a check?
I am over 21, but still file as a dependent on my excise returns. Will my parents get a check for me, will I get hold of it, or will one not come for me at all?Answers: If your parents claim you as a dependent, you will be ineligible for the rebate, but you may still benefit beneath the plan.
While the rebate depends on your 2007 status and income, it is actually a rebate toward your 2008 taxes. According to the proposed plan, within 2008, taxes would be cut from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.
So if you own taxable income in 2008, you will see a tariff cut when you file contained by 2009.
If they claim you as a dependent they get it adjectives back. You receive nothing. You own file single, go before of household or married...Not as a dependent.
I file my taxes from the IRS website. I did e-file beside direct deposit. How long until the money's within my acc.
How long until the money is direct deposited into my account when you use IRS e-file?Answers: you will draw from a notice that your return be received and accepted by the IRS
after that they typically say 7-9 business days
eFiled returns that be accepted by the IRS between...
1/31/08 and 2/7/08 (by 11am) will see a direct deposit on 2-15-08.
2/7/08 and 2/14/08 (by 11am) will see a direct deposit on 2-22-08
See the IRS Refund Cycle Chart for Tax Year 2008 or check "Where's My Refund?" at the IRS network site.
it should take around 10 days
Do you have to fill out extra form for the extra tax credit from BUSH?
Answers: no
NO
Found this at:
http://usgovinfo.about.com/od/incometaxa...
What Do You Have to Do to Get a Check?
To get a rebate check, you must file a tax return; either a form 1040 or 1040-EZ federal tax return for tax year 2007.
How Much Will You Get?
Qualifying single filers (AGI less than $75,000) will get rebates of up to $600. Qualifying couples (AGI less than $150,000) will get rebates of up to $1,200, plus $300 per dependent child, with no maximum on the number of eligible children.
Persons who owe no income taxes, but earned at least $3,000 in income from Social Security and veterans disability will get rebate checks of $300 for individuals and $600 for couples.
The rebate will come to you automatically if you are eligible.