Tax Rebate Calculator

tara g

tara g

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Hmm, it said I'd only get $300 back, but I already received $1200 from federal and have $740 from the state on the way. Maybe I'm not doing something right :dunno:
 
ping

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If I did everything right it says 2100 back for us. We'll see if it is right.
 
pipersjo

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Originally Posted by Tara & Rob

Hmm, it said I'd only get $300 back, but I already received $1200 from federal and have $740 from the state on the way. Maybe I'm not doing something right :dunno:
Click to expand...
This is for the "stimulus", it's not your refund for this year. It sounds like you will get another $300 from the gov't, but it's basically a loan against next years refund. If it makes you feel any better, it told me I won't get anything back.
 
sharky

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that is a calculator NOT FOR tax refunds but the REBATE CHECKS supposedly coming in May
 
ping

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Here is some helpful info on the stimulus check:
http://www.irs.gov/newsroom/article/...179181,00.html

Q. Is my stimulus payment taxable?

A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment. In the event you do not qualify for the full amount this year but you do next year, you will need to have the letter as a record of the amount you previously received.

Q. Will the payment I receive in 2008 reduce my 2008 refund or increase the amount I owe for 2008?

A. No, the stimulus payment will not reduce your refund or increase the amount you owe when you file your 2008 return.

More helpful stuff in the link.
 
babyharley

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Originally Posted by Ping

Here is some helpful info on the stimulus check:
http://www.irs.gov/newsroom/article/...179181,00.html

Q. Is my stimulus payment taxable?

A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment. In the event you do not qualify for the full amount this year but you do next year, you will need to have the letter as a record of the amount you previously received.

Q. Will the payment I receive in 2008 reduce my 2008 refund or increase the amount I owe for 2008?

A. No, the stimulus payment will not reduce your refund or increase the amount you owe when you file your 2008 return.

More helpful stuff in the link.
Click to expand...
I read that link the other day - lots of good information


I'll be getting $600, I hope!
 
pipersjo

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Originally Posted by Ping

Here is some helpful info on the stimulus check:
http://www.irs.gov/newsroom/article/...179181,00.html

Q. Is my stimulus payment taxable?

A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment. In the event you do not qualify for the full amount this year but you do next year, you will need to have the letter as a record of the amount you previously received.

Q. Will the payment I receive in 2008 reduce my 2008 refund or increase the amount I owe for 2008?

A. No, the stimulus payment will not reduce your refund or increase the amount you owe when you file your 2008 return.

More helpful stuff in the link.
Click to expand...
Thanks for that! I have read in a few places that it was going to efect next years tax and I was kinda PO'd about it.
 
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