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Got my tax stimulus money

lorcat

By lorcat
in Credit Forum

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The last post in this topic was posted 6470 days ago. 

 

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cjterry10

cjterry10

Posted
Posted
Last two digits of SSN are 19 and my bank is showing the $1200 deposit to be credited on Monday. I e-filed in early April and used direct deposit.

 

Thanks for posting this. I also e-filed. I was wondering how that would work. Hope to see mine on Monday. :) I am supposed to get $1200 also. YAYYYYYY

Someday800

Someday800

Posted
Posted

My oldest daughter was in the first batch of direct deposits, so hopefully she'll get hers Monday. Our bank (since expanding and buying out smaller banks) seems to run a day behind now... <_< They used to be great about direct deposits - 1 minute after midnight the deposit would show - now I log in sometimes after 9 am and it's still not there. Anyway, I was scheduled in the 2nd round of dd's - May 9th, so hopefully I'll get mine sooner!

Hazzard

Hazzard

Posted
Posted
Ok I am going to chime in on this in regards to amounts of payments and eligibility.

 

The amount of your payment is directly related to your tax liability prior to any tax credits like the CTC.

 

If you are a single taxpayer earning more than $3000 you will get a minimum of $300 and a maximum of $600. For example I know a person whose tax liability was $450, so her rebate will be $450. I personally paid $1100 in taxes so I will get the full $600.

 

For married filing jointly the minimum you can get is $600 and a maximum is $1200.

 

If you have dependent children you get $300 per child.

 

If a person such as a full time student is claimed on their parent's taxes then they are not eligible for a payment even if they file their own return.

 

I hope I helped clear things up.

 

Just to clarify, the dependent child must also qualify for the child tax credit. For example, my 2 children are still dependents on my tax return, but niether qualify me for the $300.00 because they are both over 17 and do not meet the child tax credit criteria.

cmoz

cmoz

Posted
Posted

Not intending to rain on anyone's parade: What about the bigger picture blinded by this chump change our gov is throwing at us?

"Meanwhile the oil companies and the pharmaceutical companies and the war profiteers are making insane record profits, while [the XYZ Administration] sits around the dinner table with Saudi royals, drinking fine wine and eating the tender flesh of babies," proclaimed Flossdaily on Digg.

KevinInFlorida

KevinInFlorida

Posted
Posted
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

 

 

 

I have never understood why people who pay very little in taxes feel they should get even larger amounts back. Percentage-wise they have a tremendous advantage. My understanding is that if you only got a $300 that means you had less than a $600 tax liability in 07. So you are getting over half your taxes back!! Thats HUGE!!

 

On the other hand a family like mine with 1 child who works extremely hard to put together a 70k income and pays over 10k in taxes gets less than 15% returned. If I were you I'd be a bit grateful to the rest of us who are working so hard so you can have between 50 and 100% of your tax liability returned.

hurricanesfans27

hurricanesfans27

Posted
Posted
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

 

 

 

I have never understood why people who pay very little in taxes feel they should get even larger amounts back. Percentage-wise they have a tremendous advantage. My understanding is that if you only got a $300 that means you had less than a $600 tax liability in 07. So you are getting over half your taxes back!! Thats HUGE!!

 

On the other hand a family like mine with 1 child who works extremely hard to put together a 70k income and pays over 10k in taxes gets less than 15% returned. If I were you I'd be a bit grateful to the rest of us who are working so hard so you can have between 50 and 100% of your tax liability returned.

 

 

lets not go there . we are not going to have a war between the classes in here.

Jon77

Jon77

Posted
Posted

Wooot!!! :clapping:

 

It's getting here earlier than I thought. And just in time to pay off my Amex bill so I can get a $0 balance on my reports. Sucks that I have to use it to pay off a bill, but eliminating debt is just as good.

Xecuter2

Xecuter2

Posted
Posted
Wooot!!! :clapping:

 

It's getting here earlier than I thought. And just in time to pay off my Amex bill so I can get a $0 balance on my reports. Sucks that I have to use it to pay off a bill, but eliminating debt is just as good.

Sucks that I and everyone else here is paying your Amex bill. ;)

Credit Matters

Credit Matters

Posted
Posted
We were supposed to get our DD by May 16th so anything early is bonus to me.

 

Myself, DW, and 3 children = $2100.00. :clapping:

 

DD was born Dec. 30th (Just in Time). She is such a sweet little tax credit.

 

You know you had your wife induced -- for tax-planning purposes. ;)

Jon77

Jon77

Posted
Posted (edited)
Wooot!!! :clapping:

 

It's getting here earlier than I thought. And just in time to pay off my Amex bill so I can get a $0 balance on my reports. Sucks that I have to use it to pay off a bill, but eliminating debt is just as good.

Sucks that I and everyone else here is paying your Amex bill. :lol:

Yea, maybe I should just say screw it and spend it on beer n bitches! ;)

 

 

To the newdie bar!!!!

Edited by Jon77
drdre1443

drdre1443

Posted
Posted (edited)

Yeah that sucks that us making over 75K a year wont get as much as you making peanuts. Although, I can now secure a FHA loan for over 700K which used to be only around 450K. That extra 250K in FHA backed loan amount will save me 1-1.5% interest a year which will translate to over 20K in interest savings over the life of my loan. Enjoy your 600 bucks! HA!

 

The rich win again.........

Edited by drdre1443
Jess6

Jess6

Posted
Posted

Well I'm bummed now :)

I had my refund DD into two separate accounts so I have to wait for a paper stimulus. :)

 

Oh well, I'm grateful that I qualify!

alathea

alathea

Posted
Posted

Since im in the middle of an FHA refinance...how will borrowing more save you interest? Im not following, unless its strictly because of score. Doesn't "more borrowed = more interests > more to pay later?"

 

 

Sorry, its Sunday and I have a Software demo that I have to do tomorrow to graduate so Im still up......

CAS

NeverQuietHere

NeverQuietHere

Posted
Posted
Well I'm bummed now :glare:

I had my refund DD into two separate accounts so I have to wait for a paper stimulus. :angry:

 

Oh well, I'm grateful that I qualify!

 

I just thought they split it up between the 2 separate accounts?????

melikey

melikey

Posted
Posted
Well I'm bummed now :glare:

I had my refund DD into two separate accounts so I have to wait for a paper stimulus. :angry:

 

Oh well, I'm grateful that I qualify!

 

I just thought they split it up between the 2 separate accounts?????

Nope. They do not know how to split it, so paper check it is.

ES4Life

ES4Life

Posted
Posted
We were supposed to get our DD by May 16th so anything early is bonus to me.

 

Myself, DW, and 3 children = $2100.00. <_<

 

DD was born Dec. 30th (Just in Time). She is such a sweet little tax credit.

 

 

Max payment is $1800

 

its still nice though!

Ladybug

Ladybug

Posted
Posted
We were supposed to get our DD by May 16th so anything early is bonus to me.

 

Myself, DW, and 3 children = $2100.00. :o

 

DD was born Dec. 30th (Just in Time). She is such a sweet little tax credit.

 

 

Max payment is $1800

its still nice though!

 

The IRS tells me I'm getting $2100. Where is the max of $1800 info coming from?

Saria

Saria

Posted
Posted
We were supposed to get our DD by May 16th so anything early is bonus to me.

 

Myself, DW, and 3 children = $2100.00. :o

 

DD was born Dec. 30th (Just in Time). She is such a sweet little tax credit.

 

 

Max payment is $1800

its still nice though!

 

The IRS tells me I'm getting $2100. Where is the max of $1800 info coming from?

 

If you're married filing jointly, have 3 dependent children, paid at least $1200 in taxes, and had and AGI of less than 150K, you should get $2100

The last post in this topic was posted 6470 days ago. 

 

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