How much should we expect within rates rebate?
I'm married and going to school full time and my wife stays at home and runs a home business and take care of our two children. Our AGI be $7150 (we had student loans to get up the difference in living expenses) and we have no tax liability. It's my good judgment that we should receive $600, but do we still get the new amount per child? Confused...
Answers: You will receive between $600 and $1200, depending on the ages of your children.
Since you had earn income of at least $3000, you would find the minimum rebate of $300 each, if you profile jointly.
Since you qualify for a rebate, you will receive $300 for respectively dependent child under 17.
Yes. You and your wife will capture the $600 for you two, since you make more than $3000, and you will also catch another $600 for your two kids, bringing your total rebate to $1200.
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Answers: You will receive between $600 and $1200, depending on the ages of your children.
Since you had earn income of at least $3000, you would find the minimum rebate of $300 each, if you profile jointly.
Since you qualify for a rebate, you will receive $300 for respectively dependent child under 17.
Yes. You and your wife will capture the $600 for you two, since you make more than $3000, and you will also catch another $600 for your two kids, bringing your total rebate to $1200.