May 8, 200818 yr I understand they couldn't give it to everyone. And CCH, your right I guess, most college kids dont vote. I just dont understand how I can pay taxes but not qualify for the package.
May 8, 200818 yr I understand they couldn't give it to everyone. And CCH, your right I guess, most college kids dont vote. I just dont understand how I can pay taxes but not qualify for the package. Absolutely you qualify, and I agree that you deserve it more than those who don't work full-time (like me). But since college kids don't vote (especially as a bloc), there is not much of an outcry when this happens, because neither side of the political spectrum really has any motivation to focus on the college vote. But you certainly deserve it- maybe the government wants you to drop out! :irked:
May 8, 200818 yr Absolutely you qualify, and I agree that you deserve it more than those who don't work full-time (like me). But since college kids don't vote (especially as a bloc), there is not much of an outcry when this happens, because neither side of the political spectrum really has any motivation to focus on the college vote. But you certainly deserve it- maybe the government wants you to drop out! :irked: :thumb:
May 8, 200818 yr If you really want to protest, give it back. The government will take donations to apply to the deficit. Not to get political, but it was my tax dollars to start with... not the government's. I like receiveing unexpected money, and I'll be happy to spend it (I would still be going overseas whether or not I received this stimulus package). However, if the government can afford to have $1,200 less in taxes from my wife and I this year, why did they "tax it away from me" to start with? No wonder American's are having so many financial problems these past few years. Millions of people borrowed too much money for a bigger, better house. In turn, the real estate market leads our collective retirements down the toilet. What's the government's response? Of course! Borrow money from next year to "stimulate" this year's economy..... Anyone else notice a downward spiral? The government's already messed up their endorsed retirement system known as Social Security. We might as well let them have a bigger hand in our 401-k's so they can mess that one up too... (Stepping off soapbox now)
May 8, 200818 yr Correct. $600 per working individual and an additional $300 per child. Does working individual mean that I must work full time to receive the 600 ? I go to school full time and work 30 hours per week. I don't get any kind of check from school or anything like that.
May 8, 200818 yr Does working individual mean that I must work full time to receive the 600 ? I go to school full time and work 30 hours per week. I don't get any kind of check from school or anything like that. From my understanding if you made a certain about in 2007 you were qualified to get $300. If you made over a certain amount you would get $600. My guess would be you wont get anything though since your in school. :irked:
May 8, 200818 yr From my understanding if you made a certain about in 2007 you were qualified to get $300. If you made over a certain amount you would get $600. My guess would be you wont get anything though since your in school. :irked: What does being in school have to do with it ?
May 8, 200818 yr From my understanding if you made a certain about in 2007 you were qualified to get $300. If you made over a certain amount you would get $600. My guess would be you wont get anything though since your in school. :irked: What does being in school have to do with it ? One thing that I failed to mention is that: according to the Internal Revenue Service’s Web site, “individuals who can be claimed as dependents on someone else’s return [are ineligible].” This means a number of students who are their parents’ dependents will miss out on the rebate.
May 8, 200818 yr I am a college student and worked full time most of 2007. In fact, I had to pay taxes for 2007. However, I dont get a rebate check because I am in school. I dont get it at all. College age kids would go out and spend the money too in the ecomony. However, people that do not work and are on disability get the check and they didn't even work in 2007. What do you all think of this? There's a difference between people that choose not to work and those that are on disability.
May 8, 200818 yr I am a college student and worked full time most of 2007. In fact, I had to pay taxes for 2007. However, I dont get a rebate check because I am in school. I dont get it at all. College age kids would go out and spend the money too in the ecomony. However, people that do not work and are on disability get the check and they didn't even work in 2007. What do you all think of this? My daughter earned enough, but does not get a stimulus check, because we claimed her on our taxes. She was getting everything back anyway. Would this be your case?
May 8, 200818 yr I understand they couldn't give it to everyone. And CCH, your right I guess, most college kids dont vote. I just dont understand how I can pay taxes but not qualify for the package. I may be wrong but I don't see anything about college being a disqualifier. Regardless, here is a calculator that will show what you are due. http://www.irs.gov/app/espc/
May 8, 200818 yr $1800 received last Friday. :dancingpa:dancingpa Nothing like kids at tax time. :banana::ylsuper:
May 8, 200818 yr One thing that I failed to mention is that: My parents do still claim me, however, they won't receive and extra $300 for it.
May 8, 200818 yr I am a college student and worked full time most of 2007. In fact, I had to pay taxes for 2007. However, I dont get a rebate check because I am in school. I dont get it at all. College age kids would go out and spend the money too in the ecomony. However, people that do not work and are on disability get the check and they didn't even work in 2007. What do you all think of this? Do your parents claim you on their taxes? If so, they should be getting $300 for you. At least that's the way I understand it.
May 8, 200818 yr OK, here it is: Single without Qualifying Children In most cases, payments will range from $300 to $600 for individuals and $600 to $1200 for joint filers. Taxpayers may receive $300 for each qualifying child. Payments could be less, depending on tax liabilty and Adjusted Gross Income. Phaseout reduction begins at $75,000 for single filers and $150,000 for joint filers. Examples of how the Economic Stimulus Act of 2008 may affect taxpayers who are single and either childless or do not have children who qualify for the child tax credit: 1) Individual with wages of $4,000, no federal income tax liability. Individual rebate is $300 2) Individual with no wages, veterans’ payments of $2,000, social security benefits of $2,000, no federal income tax liability. Individual rebate is $300 3) Individual with no wages, no social security benefits, veterans’ payments of $4,000, no federal income tax liability. Individual rebate is $300 4) Individual with no wages, no social security benefits, no veterans’ benefits, AGI is $10,000, federal income tax liability is $125. Individual rebate is $300 5) Individual with AGI is $12,000, federal income tax liability is $325. Individual rebate is $325 6) Individual with AGI is $35,000, federal income tax liability in excess of $600. Individual rebate is $600 7) Individual with AGI is $80,000, federal income tax liability in excess of $600. Individual rebate is $600 Phase out reduction is ($250) TOTAL is $350
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