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Am I eligible for the new tax rebate? I am a single, stay at home mom, and I watch other kids...?
I had a baby in 2007, so I know there is some sort of a deductible for that. Last year I lived with my sister, and I made about 7,000 for the year. I don't receive any other income( no child support, money from the gov, I don't own a home, no stocks or bonds, etc...) I do own a vehicle...but I don't know if that means anything for taxes. I filed last year for taxes. Any tax info would help so much!! Thanks
2 Answers
- Michael RLv 51 decade agoFavorite Answer
Sounds like when you file this year (for 2007) you will have one dependent child on there adding $300 to your rebate. Also from the sounds of it you made more than 3,000, but did not owe any taxes (you got a refund of everything you paid in) so you will get the minimum of $300 for yourself.
Total $600.
Source(s): http://www.colatax.com/ - JudyLv 71 decade ago
If you made over $3000 in 2007 you will most likely be eligible for a $300 rebate for yourself plus $300 for each odf your kids that you claim on your return.
If you watch other kids and are paid for it, that money is taxable income to you, and you are required to claim it on your tax return.
Good luck.
