QUOTE(wake86 @ Apr 26 2008, 11:33 PM) 
college students will not be getting stimulated.
You're going about college all wrong then.
Full Version: Got my tax stimulus money
You're going about college all wrong then.
QUOTE(prudent @ Apr 26 2008, 05:03 PM)
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
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!
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!QUOTE(Athena775 @ Apr 27 2008, 01:01 AM)
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.
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.
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.
"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.
hey, we have to keep this thread non political.....
QUOTE(tgsweat @ Apr 26 2008, 10:42 AM)
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.
QUOTE(KevinInFlorida @ Apr 27 2008, 09:34 AM)
QUOTE(tgsweat @ Apr 26 2008, 10:42 AM)
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.
Wooot!!! 
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.
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.
QUOTE(Jon77 @ Apr 27 2008, 09:57 AM)
Wooot!!!
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.
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.
I would have to agree the top dog has lost his mind ......
QUOTE(EarnIt @ Apr 26 2008, 05:46 PM)
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.
Myself, DW, and 3 children = $2100.00.
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.
QUOTE(Xecuter2 @ Apr 27 2008, 09:58 AM)
QUOTE(Jon77 @ Apr 27 2008, 09:57 AM)
Wooot!!!
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.
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.
Yea, maybe I should just say screw it and spend it on beer n bitches!
To the newdie bar!!!!
QUOTE(The Hamburglar @ Apr 27 2008, 08:02 AM)
QUOTE(wake86 @ Apr 26 2008, 11:33 PM)
college students will not be getting stimulated .
You're going about college all wrong then.
Don't you get credits for that.
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.........
The rich win again.........
QUOTE(800county @ Apr 27 2008, 09:32 AM)
QUOTE(The Hamburglar @ Apr 27 2008, 08:02 AM)
QUOTE(wake86 @ Apr 26 2008, 11:33 PM)
college students will not be getting stimulated .
You're going about college all wrong then.
Don't you get credits for that.Non classroom credits. Should get at least two.
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!
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!
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
Sorry, its Sunday and I have a Software demo that I have to do tomorrow to graduate so Im still up......
CAS
QUOTE(Jess6 @ Apr 27 2008, 12:05 PM)
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!
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!
I just thought they split it up between the 2 separate accounts?????
QUOTE(cfj503 @ Apr 27 2008, 02:17 PM)
QUOTE(Jess6 @ Apr 27 2008, 12:05 PM)
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!
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!
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.
QUOTE(EarnIt @ Apr 26 2008, 08:46 PM)
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.
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!
QUOTE(ES4Life @ Apr 27 2008, 04:50 PM)
QUOTE(EarnIt @ Apr 26 2008, 08:46 PM)
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.
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!
The IRS tells me I'm getting $2100. Where is the max of $1800 info coming from?
QUOTE(Ladybug @ Apr 27 2008, 06:09 PM)
The IRS tells me I'm getting $2100. Where is the max of $1800 info coming from?
I haven't seen anything that says there is a limit.
QUOTE(spikedup @ Apr 27 2008, 06:17 PM)
QUOTE(Ladybug @ Apr 27 2008, 06:09 PM)
The IRS tells me I'm getting $2100. Where is the max of $1800 info coming from?
I haven't seen anything that says there is a limit.
Me either
QUOTE(Ladybug @ Apr 27 2008, 06:09 PM)
QUOTE(ES4Life @ Apr 27 2008, 04:50 PM)
QUOTE(EarnIt @ Apr 26 2008, 08:46 PM)
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.
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!
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
I was just on the website and they said that they are working on a "where's my rebate?" link.
QUOTE(cfj503 @ Apr 27 2008, 06:36 PM)
I was just on the website and they said that they are working on a "where's my rebate?" link.
The rebate and the stimulus are different. There's already a "Where is my rebate?" link up.
QUOTE(wake86 @ Apr 27 2008, 06:47 PM)
QUOTE(cfj503 @ Apr 27 2008, 06:36 PM)
I was just on the website and they said that they are working on a "where's my rebate?" link.
The rebate and the stimulus are different. There's already a "Where is my rebate?" link up.
But they do claim to be working on a "Where's my stimulus check" status checker as well.
Ending with 82 I guess it will be the end of may early june before I get mine. I am just putting it in my future home fund anyway. But I would love to get it there and seasoned so when I apply they see it
Those dollars are courtesy of taxpayers
QUOTE(lorcat)
Checked my bank account this morning and found $600 courtesy of the govt.
QUOTE(Alenaya05 @ Apr 26 2008, 05:55 AM)
QUOTE(MaTTeR @ Apr 26 2008, 08:46 AM)
Cool. Thought May 2nd was the earliest date they stated?
Bush made a statement yesterday stating that he was upping the inital payout date by a week, to help those who are being stung by the increase in food prices and gas.
I learned in economics that inflation is caused by too much money chasing too few goods (not too mention the government just printing money). So if Mr. Bush is providing money for food and gas, is this just going to result in higher inflation? The solution would be to increase supply and/or decrease demand, not this.
QUOTE(wake86 @ Apr 27 2008, 05:47 PM)
QUOTE(cfj503 @ Apr 27 2008, 06:36 PM)
I was just on the website and they said that they are working on a "where's my rebate?" link.
The rebate and the stimulus are different. There's already a "Where is my rebate?" link up.
How are the rebate and stimulus different?
you get your tax REFUND which is your federal.
On the website they state this: (that is why I said there is a Where's my REBATE link being worked on.)
Q. Are there plans for the IRS to launch a “Where’s My Rebate” online application?
A. Yes, an application is being developed. [New 4/14/08]
This is listed under the STIMULUS PAYMENTS ANSWERS. see link.
http://www.irs.gov/newsroom/article/0,,id=179181,00.html
Thought the rebate was the same thing as the Stimulus. There is already a WHERE"S MY REFUND link because that goes with the whole Federal returns etc.
QUOTE(Burgerwars @ Apr 27 2008, 07:52 PM)
QUOTE(Alenaya05 @ Apr 26 2008, 05:55 AM)
QUOTE(MaTTeR @ Apr 26 2008, 08:46 AM)
Cool. Thought May 2nd was the earliest date they stated?
Bush made a statement yesterday stating that he was upping the inital payout date by a week, to help those who are being stung by the increase in food prices and gas.
I learned in economics that inflation is caused by too much money chasing too few goods (not too mention the government just printing money). So if Mr. Bush is providing money for food and gas, is this just going to result in higher inflation? The solution would be to increase supply and/or decrease demand, not this.
Can we please leave the political comments out of this thread so that it doesn't get closed.
QUOTE(santacruz @ Apr 27 2008, 06:50 PM)
Those dollars are courtesy of taxpayers
QUOTE(lorcat)
Checked my bank account this morning and found $600 courtesy of the govt.
and what do you think this person is? a taxpayer.
QUOTE(Chris in CA @ Apr 26 2008, 11:06 AM)
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!?
I filed with my spouse and claimed my son and the calculaor said $1500. My friend filed HOH and claimed one child and she's to get $600. I think if it was as easy as how many people you have on your return they wouldn't ask all those other questions like what amount is on line 7. I'm not sure how they figure it.
^...banks opening soon,we will see who got theres soon
QUOTE(littlepintobean @ Apr 26 2008, 09:09 AM)
all direct deposits are supposed to be done by may 2. and paper checks started next friday. direct deposits done all next week except thursday. most will be done on friday though.
http://articles.moneycentral.msn.com/Taxes...ebateCheck.aspx
http://articles.moneycentral.msn.com/Taxes...ebateCheck.aspx
QUOTE(hurricanesfans27 @ Apr 26 2008, 05:51 AM)
wish i had mine 
Me too... but oh well.. I'll probably not have mine for at least another month due to the fact that I mailed my tax return this year - I owed
my ssn ends in xx18 and nothing in my account this morning.
This is good news if indeed it all moved up a week - I'd be in the May 9 grouping per the original schedule.
I have an electrical upgrade at the house to work on that this will likely go towards...sigh..lol.
I have an electrical upgrade at the house to work on that this will likely go towards...sigh..lol.
My SS# ends in 00!! ha, nothing in my account today
Come onnnnnnn $900.
Deposits normally show up at midnight too.
This account has no pending deposits.
Come onnnnnnn $900.
Deposits normally show up at midnight too.
This account has no pending deposits.
QUOTE(alicia671 @ Apr 28 2008, 08:34 AM)
My SS# ends in 00!! ha, nothing in my account today
Come onnnnnnn $900.
Deposits normally show up at midnight too.
This account has no pending deposits.
Come onnnnnnn $900.
Deposits normally show up at midnight too.
This account has no pending deposits.
I wonder how the initial direct deposits were determined last week cause u should have had urs on friday.
QUOTE(InfamousNY @ Apr 28 2008, 09:36 AM)
I wonder how the initial direct deposits were determined last week cause u should have had urs on friday.
Yeah, has me a little worried. Have used TurboTax with direct deposit for the last 5 years, same bank account. Filed as head of household, one dependent child.
QUOTE(alicia671 @ Apr 28 2008, 08:41 AM)
QUOTE(InfamousNY @ Apr 28 2008, 09:36 AM)
I wonder how the initial direct deposits were determined last week cause u should have had urs on friday.
Yeah, has me a little worried. Have used TurboTax with direct deposit for the last 5 years, same bank account. Filed as head of household, one dependent child.
I don't get how someone mentioned earlier they got theres on Friday but yet their # was high.
Was it between 00 and 19? That'll make me feel better if so. Maybe the first batch is random. Or maybe has to do with the amount?
Low 00-09'er here (closer to 00 than 09) -- INGDirect was listed as my ACH recipient on my 07 taxes. No $$ this morning (usually post ~5am with ING).
None in my account yet either...but I am thinking the injured spouse form may slow it down even though the IRS guy said the other night that we would get it this week.
QUOTE(alicia671 @ Apr 28 2008, 08:44 AM)
Was it between 00 and 19? That'll make me feel better if so. Maybe the first batch is random. Or maybe has to do with the amount?
was 19
i hear they are working on ANOTHER stimulus pkg too. anyone else hear about it?
If they are they are misguided. The true stimulus will be doing something about the rapid increases in fuel costs. Just my opinion.
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