Federal Stimulus pack. Newly Married Couple out of college. Made nearly 15,000. Will we get hold of anything?
Me and my wife just get married in july and graduate college in May. We are both teacher, so we didnt really have full time job until september. So our Income for the 2007 year was around 15,000 together. Will we recieve anything from the elected representatives with this foreign stimulus package?
Answers: You'll singular get $600 ($300 each) since you do not own more than $600 in 2007 Federal Income tariff liability. But you'll get a second bite at the apple.
While the rebate depends on your 2007 status and income, it is in reality a rebate toward your 2008 taxes. According to the Economic Stimulus Act of 2008, taxes would be cut in 2008 from 10 percent to nought percent on the first $6,000 dollars of taxable income for individual taxpayers.
So if you have larger taxable income within 2008, you will see a tax cut when you record in 2009 - and essentially achieve the rest of your rebate!
With your income you won't have any import tax liability but since your income is over $3,000 you'll receive $600 -- $300 for each of you.
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Answers: You'll singular get $600 ($300 each) since you do not own more than $600 in 2007 Federal Income tariff liability. But you'll get a second bite at the apple.
While the rebate depends on your 2007 status and income, it is in reality a rebate toward your 2008 taxes. According to the Economic Stimulus Act of 2008, taxes would be cut in 2008 from 10 percent to nought percent on the first $6,000 dollars of taxable income for individual taxpayers.
So if you have larger taxable income within 2008, you will see a tax cut when you record in 2009 - and essentially achieve the rest of your rebate!
With your income you won't have any import tax liability but since your income is over $3,000 you'll receive $600 -- $300 for each of you.