Am I eligible for the $600 tariff rebate?
I am 21 years old and made in the order of $30,000 in 2007. My parents do NOT claim me. I done up having to compensate $300 because I claimed 3 throughout the year. Am I eligible for getting the $600 tax rebate? If so, will I own to pay the money final or will they deduct that money for subsequent years tax return? Any honest websites where I can read more just about this? Thanks!! =)
Answers: you should get the rebate It's not taxable, and it won't dull your 2007 or 2008 refund or increase the amount you owe when you directory your 2008 return. you can check it out (a) www.irs.gov and read under rebate
You are eligible. If your total import tax liabilty is over $600, then you grasp $600... If it is under $300... Then you obtain the minimum $300.
You do not have to foot it back and it is not considered taxable income... This is a complete misapprehension that seems to hold been spread around. It will not affect your 2008 return.
No, if you have to pay surrounded by you won't get a free check. sorry.
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Answers: you should get the rebate It's not taxable, and it won't dull your 2007 or 2008 refund or increase the amount you owe when you directory your 2008 return. you can check it out (a) www.irs.gov and read under rebate
You are eligible. If your total import tax liabilty is over $600, then you grasp $600... If it is under $300... Then you obtain the minimum $300.
You do not have to foot it back and it is not considered taxable income... This is a complete misapprehension that seems to hold been spread around. It will not affect your 2008 return.
No, if you have to pay surrounded by you won't get a free check. sorry.