i want to know if bush is really going to give out money to children and couplesIs it true bush is going to give away 1600 to married couples and 300 per children and when?
a couple filing together will get 1200
individuals filing separately are allowed 600
you receive an additional 300 per each child People on social security and the disabled can receive 300 and are notified by the IRS personally. they still need to file what ever their benefit was(nothing taken out for taxes) .you can do that for free.Is it true bush is going to give away 1600 to married couples and 300 per children and when?
First, your knowledge of the American governmental system is pathetic...only CONGRESS can collect and disburse money. Second, Congress passed an economic stimulus package which will give up to $600 to most adult tax payers, $1200 for married couples and $300 more for each child. The checks are supposed to come out some time in May.
No, Mr. Bush is not the King. He can't give anything out to anybody unless he wants to write you a check from his personal checking account.
Oh, yeah. It's a done deal. Printing money for the masses. That will fix everything. I think Bush was coked out during economics class. If he wasn't he would never advocate this liberal foolishness.
A tax cut without a spending cut is a tax deferred. It is like quiting your job and financing your life with your discover card. We will pay it back with interest. Mark my words.
it's a rebate check to help stimulate the economy. It's $600 for single people making less than so much (i forgot how much) and $1200 for married couples. Than $300 for each child you have. Go to www.irs.gov to find everything out
It's a bribe. I'm not buying into it--because it's a waste of time.
I guess the house and senate had nothing to do with it.
www.irs.gov has all the q %26amp; a you need for your question. Check it out on their website...that way you won't be misinformed etc. Hope you get a ';rebate';.
its UP TO 300 for singles and UP TO 1200 for married couples and thats only if you have at least 3000 in qualified income, are not claimed on someone elses return, and have a valid SS#
Dear Taxpayer:
We are pleased to inform you that the United States Congress passed and President George W. Bush signed into law the Economic Stimulus Act of 2008, which provides for economic stimulus payments to be made to over 130 million American households. Under this new law, you may be entitled to a payment of up to $600 ($1,200 if filing a joint return), plus additional amounts for each qualifying child.
We are sending this notice to let you know that based on this new law the IRS will begin sending the one-time payments starting in May. To recieve a payment in 2008, individuals who qualify will not have to do anything more than file a 2007 tax return. The IRS will determine eligibility, figure the amount, and send the payment. This payment should not be confused with any 2007 income tax refund that is owed to you by the federal government. Income tax refunds for 2007 will be made separately from this one-time payment.
For individuals who normally do not have to file a tax return, the new law provides for payments to individuals who have a total of $3,000 or more in earned income, Social Security benefits, and/or certain veterans' payments. Those individuals should file a tax return for 2007 to recieve a payment in 2008.
Individuals who qualify may recieve as much as $600 ($1,200 if married filing jointly). Even if you pay no income tax but have a total of $3,000 or more in earned income, Social Security benefits, and/or certain veterans' payments, you may recieve a payment of $300 ($600 if married filing jointly)
In addition, individuals eligible for payments may also recieve an additional amount of $300 for each child qualifying for the child tax credit. For taxpayers with adjusted gross income (AGI) of more that $75,000 (or more than $150,000 if married filing jointly), the payment will be reduced or phased out completely.
To qualify for the payment, an individual, spouse and any qualifying child must have a valid Social Security number. In addition, individuals cannot recieve a payment if the can be claimed as a dependent of another taxpayer of they filed a 2007 Form 1040NR, 1040NR-EZ. 1040-PR or a 1040-SS
All individuals receiving payments will recieve a notice and additional information shortly before the payment is made. In the meantime, for additional information, please visit the IRS website at www.irs.gov
This year, just file your 2007 taxes. And its 600 for singles, 1200 for married filing jointly, 300 per child.
Though it does depend on income....has to be less than 75k and over 3k.
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