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NayaSadak
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Posted on 01-24-08 6:55
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Here is how much you will be receiving? http://www.msnbc.msn.com/id/22782454?GT1=10755#storyContinued— An individual with $2,500 in earned income in 2007: Disqualified because income fell below the $3,000 threshold. No rebate. — A married couple with no children, with adjusted gross income of $100,000 in 2007: Would qualify for the full $1,200 couples. A $1,200 rebate. — A worker with one child, who earned $9,000 and owed no taxes in 2007: Would qualify for the $300 rebate available to individuals who pay no taxes but earned at least $3,000, plus an additional $300 for the child. A $600 rebate. — A couple with income of $145,000 in 2007, with three children: Would qualify for the full $1,200 for couples, plus $300 for each child. A $2,100 rebate. — A couple with income of $160,000 in 2007 with two children: Would qualify for a partial rebate, reduced by 5 percent for every $1,000 in income above the $150,000 threshold. An $1,800 rebate — $1,200 for the couple plus $300 per child — would go down by 50 percent for this family. A $900 rebate. — A couple with income of $200,000 and four children: Disqualified because their income exceeded $174,000, the phase-out limit. No rebate.
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CopiCat
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Posted on 01-24-08 8:13
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bikash kc
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Posted on 01-24-08 8:42
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does it apply to all tax-payers or only the american families?
i read somewhere its for american families..
what about the single man/woman(who isnt registered couple) who paid the tax and earned in and above $3000?
Last edited: 24-Jan-08 08:44 PM
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NayaSadak
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Posted on 01-27-08 7:59
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It is targeted to only US citizens and residences.If you have filed your tax on 2006 and previous years as a resident, I mean 1040. you may be getting a check. IRS knows you are non residence if you have filed 1040 NR and had used ITIN to file you and your spouse tax. This is only an assumption and personal thoughts.
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CopiCat
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Posted on 01-27-08 8:02
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To me it is for all who filed taxes regardless of stutus if the precedence is to follow.
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Dalli Resham
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Posted on 01-27-08 9:47
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What about a couple who only have one income. I mean to say does stay at home mom qualify for the same rebate or only the person who is working?
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NayaSadak
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Posted on 01-27-08 9:53
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CopyCat: Could you elaborate your thoughts?
Even it is a false hope, I am seeing light on the other side of the tunnel, filing 1040 NR in 2005 and 2006. Thanks for providing hope.
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ss74k
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Posted on 01-27-08 10:19
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Dalli Resham, i think as long as you pay tax you should qualify. For each household with income less than 150000 dollars a year, you will recieve 1200 dollar and extra 300 dollar for each kid.
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indian idol fever
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Posted on 01-27-08 10:43
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So if we worked on cash ! theres no return or rebates
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