No, you won't. But I don't know if this is based on 2007 tax return or 2006. Anyone??
The first time homebuyer stimulus is in the form of a tax credit when you file your income tax next year. If your tax due is less than the combination of your withholding and the credit, you will receive a refund check. You would fill out IRS form 5405 to determine the tax credit that you are due.
Anyone making less than $3,000.00 in 2007 is not eligible for a stimulus check. Also, the economic stimulus law allows Social Security recipients and recipients of certain veterans' benefits and Railroad Retirement benefits to count those benefits towards the qualifying income requirement of $3,000. Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment.
For the ziilionth time..there are NO plans for any NEW, NEXT, 2009 ot OTHER stimulus checks. Perhaps you should try getting your information from different sources - newspapers, TV, radio....etc..NONE of which ever say or eve imply there will be one.
There will (or maybe is one). It is a term for any economic package the Feds are passing to fund economic recovery....it does not have anything to do, or mention, any payments to individuals though. In Australia the Federal Labour Government only plans to assist people who already receive a livable wage, or students receiving Austudy/Abstudy, & not the unemployed who really are on the lowest income. And I always thought Labour stood up for the real battlers of this great nation. What a joke!!.... Even people earning up to $100,000 per year are entitled to a $900 bonus, but not people receiving less than $20,000 per year. Go Figure!!! Kevin Rudd does nothing to financially assist people on Centrelink's Newstart Allowance, but you can bet he will raise the payments as soon as workers start losing ther jobs due to the economic downturn, cause people will soon realise how little the unemployed receive. Pensioners received a $1450 bonus in December 2008 & they're already talking about giving them a $35 per week pay rise. What about the long term unemployed? Surely they deserve a break for a change instead off handouts to those poor unfortunate people who have jobs & have been living on $95,000 a year. Get it right Labour, look after the people who really do need it instead of playing politics. I, for one, will never vote Labour again. I hear the Commies are re-entering a party after 30 odd years of absence from Australian politics. Bring on the Reds....Can't get any worse, can it?
Short answer: Yes. But most people are unaware that these checks are funded by taxpayers, and unfortunately, will be issued to taxpayers and non-taxpayers alike. In fact, an individual does not even need a Social Security number to receive a check under Obama's plan (?????). The Economic Recovery and Reinvestment Act of 2009 aka "The Stimulus Bill" needs a combination of measures geared towards recovery in both the short term, AND the long term. So while a "rebate" check would help for a week or two, it would be more of a stimulus to eliminate the federal income tax altogether. Obamas version of this legislation is really more or less a spending bill that guarantees long term debt as opposed to long term recovery. It is Robin Hood Economics at its worst. And it will all but decimate the middle class.
The first time homebuyer stimulus is in the form of a tax credit when you file your income tax next year. If your tax due is less than the combination of your withholding and the credit, you will receive a refund check. You would fill out IRS form 5405 to determine the tax credit that you are due.
If it has been mailed, then less than a week. Of course, the Postal Service is unpredictable. Sometimes they can take a month to deliver an ordinary letter across the street.
Anyone making less than $3,000.00 in 2007 is not eligible for a stimulus check. Also, the economic stimulus law allows Social Security recipients and recipients of certain veterans' benefits and Railroad Retirement benefits to count those benefits towards the qualifying income requirement of $3,000. Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment.
Depends on many things...especially how much was paid in and other deduction income considerations.....thats why a reutrn needs to be filed.
if u make less than 1200 a year no you dont have to file taxes
If you find a bank that will cash it for you yes, If not then no? I would suggest depositing it into your bank account as banks are getting less and less joyful about cashing tax refund checks without having an account.
The answer depends on 3000 less than WHAT!
YES is the correct answer. Anyone and everyone who makes less than $77,000.00 annually gets one. With the exception of the illegal undocumented. If you are in the U.S. on a Work Visa, you get a check for $1200.00. The Federal Government really is making sure everyone is assisted. This also includes the homeless who can obtain their funds via a web portal using local facilities. That already established recipients of Social Security retirement, disabled or SSI, that are currently enrolled with the direct deposit option, will receive their stimulus funds first. PS: Even if you make over $77,000 annually you will receive a check. The amount over 77 is calculated by a simple formula. ALSO for each dependant you have, you will receive an additional $500 per dependeant.
Submaximal Stimulus results in complete contraction of some fibers. It causes contraction more than subminimal stimulus and less than maximal stimulus.
The IRS will only take what is owed. You will receive a letter from the IRS stating that your refund will be reduced and the agency to whom the obligation is owed and a number to contact the agency. You will then receive a check/direct deposit for the remaining amount.
No not if you are in the FMS offset refund program and your expected refund amount is less than the amount that is owed to the IRS.
For the ziilionth time..there are NO plans for any NEW, NEXT, 2009 ot OTHER stimulus checks. Perhaps you should try getting your information from different sources - newspapers, TV, radio....etc..NONE of which ever say or eve imply there will be one.