Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 01-24-2008, 01:09 PM
Junior Member
 
Join Date: Mar 2007
Posts: 9
What is the latest estimate of 2008 Tax refunds from the Stimulus package?

Can you please let me know what the estimate of the tax refund for couple's with 2 kids is from the Bush-Congress Stimulus package?

Thanks...



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 01-24-2008, 06:32 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,399
Blog Entries: 3
What is the latest estimate of 2008 Tax refunds from the Stimulus package?

The Stimulus package apparently received the agreement between the President and Congress today sometime.

The public information is now available in the general news outlets. But, here is a quick summary.

What are the terms of the rebates?
1. Individuals who pay income taxes would get up to $600.

2. Working couples will receive $1,200.

3. Those with children an additional $300 per child under the agreement.

4 Workers who make at least $3,000 but don't pay taxes would get $300 rebates.

Further, it is expected that the rebates are expected to go out in June. The package also includes close to $50 billion in business tax cuts.

It would seem that you may qualify up to $1,800 assuming you do not exceed the income limitations.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning