Got my tax stimulus money

[littlepintobean]

I use BOA and I see my deposit of $600.00 already.

It says pending, but BOA has cleared it as available to me.

 

It's weird you guys didn't get yours yet--my last 2 are much higher than your lot!

 

 

if you don't mind what are the last two. I am mid way and was wondering when i will get mine. I am guessing friday

[resqume1]

hmm..the link above to moneycentral says all dd will be done by May 2, but the irs has'nt updated there website to say that.

[Chris in OK]

So I have myself, my wife, and my son on my 2007 tax return. We filed "Married filing jointly" and claimed our son as a dependent. So we should be getting $1500, right? According to the IRS calculator it says $900. What gives with that!?

[Curve_Soul]

04-25-2008 US TREASURY 220 (TAX REFUND) 600.00

 

 

 

YAYYYYYYYYYYYYYYYY.. I was only suppose to get 300 back, but I'll take 600

[Xecuter2]

So I have myself, my wife, and my son on my 2007 tax return. We filed "Married filing jointly" and claimed our son as a dependent. So we should be getting $1500, right? According to the IRS calculator it says $900. What gives with that!?

Income factors in... The amount you get goes down after you reach certain income points.

[trevor]

I wish I could get $600, I only qualify for $300. Seems like a person who makes less should get more than a person who makes more per year, but I guess the poor will stay poor lol. I'm a student so i will take whatever I can get

 

BTW, how do you determine how much you are getting? Everything I have seen says up to $600, but nothing I have read says what determines how much one gets back.

[Chris in OK]

So I have myself, my wife, and my son on my 2007 tax return. We filed "Married filing jointly" and claimed our son as a dependent. So we should be getting $1500, right? According to the IRS calculator it says $900. What gives with that!?

Income factors in... The amount you get goes down after you reach certain income points.

 

That's crap!

[Credit Matters]

Seems like a person who makes less should get more than a person who makes more per year, but I guess the poor will stay poor lol.

 

No comment.

[hurricanesfans27]

Seems like a person who makes less should get more than a person who makes more per year, but I guess the poor will stay poor lol.

 

No comment.

 

 

+1

 

 

added to say the rich arent getting a dime of the rebates over 75k income or 150k married

[tgsweat]

BTW, how do you determine how much you are getting? Everything I have seen says up to $600, but nothing I have read says what determines how much one gets back.

 

 

http://www.irs.gov/irs/article/0,,id=180250,00.html Go to this link and if you look down the page there is another link that says something like online calculator

[Islandgal]

Seems like a person who makes less should get more than a person who makes more per year, but I guess the poor will stay poor lol.

 

No comment.

 

 

+1

 

 

added to say the rich arent getting a dime of the rebates over 75k income or 150k married

 

If thats defined as rich...

[Curve_Soul]

well at the IRS site is says that if you paid taxes this year and you are single then you get 600, but if you got a refund, then you will get 300. Well I got a refund this year, so I was only expecting 300.

[braden]

Here's my Q, I didn't make any money this year, I did file my taxes but it ended up being for a negative amount. Am I still eligible?

[tgsweat]

well at the IRS site is says that if you paid taxes this year and you are single then you get 600, but if you got a refund, then you will get 300. Well I got a refund this year, so I was only expecting 300.

 

well maybe I still have a chance to get $600 although i did get a refund, but the calculator said $300. I guess I will find out within the next week

[hurricanesfans27]

well at the IRS site is says that if you paid taxes this year and you are single then you get 600, but if you got a refund, then you will get 300. Well I got a refund this year, so I was only expecting 300.

 

 

not exactly .. you can get a refund and still get 600 but you must have PAID a net tax after your withholding.

[Curious]

well at the IRS site is says that if you paid taxes this year and you are single then you get 600, but if you got a refund, then you will get 300. Well I got a refund this year, so I was only expecting 300.

 

 

not exactly .. you can get a refund and still get 600 but you must have PAID a net tax after your withholding.

Exactly. If you got a refund of all the taxes you paid in then you will get a rebate of $300, otherwise $600.

[d00daa]

well at the IRS site is says that if you paid taxes this year and you are single then you get 600, but if you got a refund, then you will get 300. Well I got a refund this year, so I was only expecting 300.

 

Where do you see this?

 

From what I understand, it's based on tax liability, not withholding.

[marlin40]

I am in the 00-09 crowd! I can't wait for mine to post at ING, though I am half curious if they are going to keep it because I owed back taxes.

 

 

hp if you owe back taxes you wont get a rebate but it will apply against those taxes

 

Wonder if they'll sieze my ex-dh's for back child support.....

[Xecuter2]

Here's my Q, I didn't make any money this year, I did file my taxes but it ended up being for a negative amount. Am I still eligible?

I think income in 2007 must be > $3000.

 

Have you checked the IRS website? You ask all these questions, yet the website will tell you the answers...

[hurricanesfans27]

I am in the 00-09 crowd! I can't wait for mine to post at ING, though I am half curious if they are going to keep it because I owed back taxes.

 

 

hp if you owe back taxes you wont get a rebate but it will apply against those taxes

 

Wonder if they'll sieze my ex-dh's for back child support.....

 

 

if he is being offset yes

[Cristy]

We had our stimulus amount calculated by my mom's office (she works for a CPA). They did a worksheet for it, which works like the calculator. We are getting $1800.

$1200 for married filing jointly

$300 for each child

 

We received a refund this year for $757 and we are still getting the full amount.

[d00daa]

well at the IRS site is says that if you paid taxes this year and you are single then you get 600, but if you got a refund, then you will get 300. Well I got a refund this year, so I was only expecting 300.

 

 

not exactly .. you can get a refund and still get 600 but you must have PAID a net tax after your withholding.

 

Net tax liability has nothing to do with withholding. From what I understand, it's your tax liability less nonrefundable credits (except the child credit).

 

Whether or not you had overpaid during the year and are now receiving a refund because of it is irrelevant.

[hurricanesfans27]

well at the IRS site is says that if you paid taxes this year and you are single then you get 600, but if you got a refund, then you will get 300. Well I got a refund this year, so I was only expecting 300.

 

 

not exactly .. you can get a refund and still get 600 but you must have PAID a net tax after your withholding.

 

Net tax liability has nothing to do with withholding. From what I understand, it's your tax liability less nonrefundable credits (except the child credit).

 

Whether or not you had overpaid during the year and are now receiving a refund because of it is irrelevant.

 

 

ill repeat what i said if you PAID taxes you get the extra amount .. you can pay taxes and still get a refund

[hurricanesfans27]

We had our stimulus amount calculated by my mom's office (she works for a CPA). They did a worksheet for it, which works like the calculator. We are getting $1800.

$1200 for married filing jointly

$300 for each child

 

We received a refund this year for $757 and we are still getting the full amount.

 

 

+1 exactly

[d00daa]

well at the IRS site is says that if you paid taxes this year and you are single then you get 600, but if you got a refund, then you will get 300. Well I got a refund this year, so I was only expecting 300.

 

 

not exactly .. you can get a refund and still get 600 but you must have PAID a net tax after your withholding.

 

Net tax liability has nothing to do with withholding. From what I understand, it's your tax liability less nonrefundable credits (except the child credit).

 

Whether or not you had overpaid during the year and are now receiving a refund because of it is irrelevant.

 

 

ill repeat what i said if you PAID taxes you get the extra amount .. you can pay taxes and still get a refund

 

We agree. I thought you were using withholding to calculate net liability. Apparently I misunderstood your statement.