*The Commerce Journal>>>United States Taxes

Is everyone that filed there taxes getting money next mounth?

FROM WHAT I HEARD, EVERYONE THAT FILED TAXES, IS SUPPOSE TO BE GETTING LIKE $300 NEXT MOUNTH. BUT SOMEONE ELSE TOLD ME THAT INDIVIDUALS GET $600 AND FAMILIES GET $1200. SO IM JUST WONDERING, HOW MUCH IS EVERONE SUPPOSE TO GET NEXT MOUNTH?

No, not everyone gets anything. If you are claimed as a dependent, you aren't eligible. If your qualifying income was under $3000, or if your adjusted gross income was over a limit that depends on your filing status, you get nothing.

Otherwise, you get at least $300 per person, and up to $600 if you actually had that much federal income tax liability for 2007.

To calculate what you will get, go to http://www.irs.gov/app/espc/start.do and enter the requested info from your tax return.

Individuals will get $600 and families $1200. If you have children you'll get $300 more for each child. The checks will START going out in May -- but everyone won't get it at the same time. They haven't said how they'll decide the order in which they go out.

Word I heard is the checks will start coming between the 2nd and 16th of May.

Tags

　　Austin 　　Atlanta 　　Other - Business & Finance 　　Other Taxes 　　United States Taxes 　　United Kingdom Taxes 　　Spain Taxes 　　Singapore Taxes 　　Mexico Taxes 　　Ireland Taxes 　　India Taxes

Related information

Will I recieve my childs father's tax refund and stimulus payment?

I JUST GOT MY EX'S FEDERAL REFUND B/C HE'S IN ARREARS.I GOT IT TUESDAY IN MY BANK ACCOUNT.I HAVE A ORDER WITH CHILD SUPPORT ENFORCEMENT AND ASKED THEM TO PUT A LIEN ON HIS TAXES AND THEY ...

Can you redo your taxes?

Yes, you'll have to file an amendment to her return, dropping the exemption for your sister. You use a form 1040X for that. Your mom gets the EIC for her though since your sis lives with m...

Difference between an exemption and EIC?

There's a section that says "dependents" on the return toward the beginning. Then in the "tax credits and payments" section there's something called exemptions - it&#...

If i owe state taxes in mi. and didnt file april 15th what will happen?

Get your taxes filed,you will have to pay the taxes plus penalties and interest. You can make payments if you don't have all the money to pay in full. The sooner you get it done,the less i...

Do I pay taxes if I sell LLC?

It depends on how you structure the sale of the company. Was there an agreement as to what the buyer was actually buying? Sometimes these sales are structured as selling the company itself. Some...

I just mailed my taxes out. I am a day late, what happens, what can I do?

it's not a big deal especially if you are receiving money back but if you owe something and have enclosed the full amount, you may have to pay a very nominal late payment... no, worries, mate....

Is IRS paying back $500 to resident? is it true?

Yes. However, it's not $500. Filing single - $300 up to $600 (plus $300 for each qualifiying child) Filing Married - $600 up to $1,200 ( plus $300 for each qualifiying child) Click the li...

Will I be penalized for filing my taxes late?

No. You cannot E-file. You must mail your income tax return. This information applies to your Federal Tax Only! Filing Late Penalty The penalty for filing late is generally 5 percent per mont...