How much money are we supposed to get in May?
The tax stimulus package? I am married and have three kids...
The tax stimulus package? I am married and have three kids...
Jordie
Favorite Answer
if your not a depended and made at least 3000 on your own. youll get 600 (1200 maried filing together) plus 300 for each kid. you have to have already file 2007 taxes. if had the reuturn by direct deposite then the new refund will also be direct deposite same with mail.
DIRECT DEPOSIT
Last two SSN digits: Payment will be transmitted:
00 through 20 May 2
21 through 75 May 9
76 through 99 May 16
PAPER CHECK
Last two SSN digits: Payments will be mailed by:
00 through 09 May 16
10 through 18 May 23
19 through 25 May 30
26 through 38 June 6
39 through 51 June 13
52 through 63 June 20
64 through 75 June 27
76 through 87 July 4
88 through 99 July 11
Judy
The amount depends on your income and how much net tax you paid for 2007. If you had at least $3000 of eligible income for 2007 and you filed a joint return, you and your spouse together would get at least $600 for the two of you. If your net federal income tax before the child tax credit was more than that, you'd get the amount of your tax up to a maximum of $1200.
The $1200 only goes to joint filers who paid that much in net federal income tax for the year. If you did, then you'll get the maximum $1200 stimulus check. If your tax for the year was less than that, you'll get the amount of your net tax, with a minimum of $600 for the two of you, if your qualitying income is at least $3000 and doesn't exceed the maximum $150K.
If you are eligible for the rebate for yourselves, you'd also get $300 for each dependent child under age 17.
Richard M
Depends on how much you made, how much taxes you paid, how you file and the ages of your children.
The tax rebate is based on your 2007 earnings and Federal Income Tax liability.
You would be eligible to receive a rebate of up to $600 if you paid that much in Federal Income Tax. If you only paid $350 in taxes (less than the $600 rebate limit), you only get back $350. If you had earned income or social security of at least $3000, you would get at least the minimum rebate of $300. Similarly, couples filing jointly can receive up to $1200. If you qualify for a rebate, you will receive $300 for each dependent child under 17.
Use the Kiplinger rebate tax calculator (link below) to compute your rebate.
bullet b
I was told it goes according to a particular line in the tax return. Like 1040 A is I think line 37.
Bostonian In MO
No way to say accurately as more information is needed. See the IRS pages on the rebate here: http://www.irs.gov/newsroom/article/0,,id=177937,00.html