Stimulus return check question- married, 2 kids, solely one source of income...how much repayment?
I know it said married couple filing in concert will get 600.00 plus 300 per qualify child- but do both husband and wife have to own separate sources of income? I am a stay at home mother- Thanks :) hope someone can answer this
Answers: It does not matter if solitary one spouse had income. If you wallet jointly, your combined income matter.
The tax rebate is base on your 2007 earnings and Federal Income Tax liability.
You would be eligible to receive a rebate of up to $1200 if you remunerated that much in Federal Income Tax. If you merely paid $750 surrounded by taxes (less than the $1200 rebate limit), you only achieve back $750. If you have earned income of at tiniest $3000, you would get at most minuscule the minimum rebate of $600 ($300 each). If you qualify for a rebate, you will receive $300 for each dependent child below 17.
Use the YourMoney rebate tax calculator (link below) to compute your rebate.
I deem it just depends on how you file in 2007- if you file jointly it will be 1200 plus the kids adjectives together.
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Answers: It does not matter if solitary one spouse had income. If you wallet jointly, your combined income matter.
The tax rebate is base on your 2007 earnings and Federal Income Tax liability.
You would be eligible to receive a rebate of up to $1200 if you remunerated that much in Federal Income Tax. If you merely paid $750 surrounded by taxes (less than the $1200 rebate limit), you only achieve back $750. If you have earned income of at tiniest $3000, you would get at most minuscule the minimum rebate of $600 ($300 each). If you qualify for a rebate, you will receive $300 for each dependent child below 17.
Use the YourMoney rebate tax calculator (link below) to compute your rebate.
I deem it just depends on how you file in 2007- if you file jointly it will be 1200 plus the kids adjectives together.