Couple of questions regarding tax stimulus checks?
Couple of questions regarding tax stimulus checks?
I heard that the IRS is issuing tax bonus checks of upto $600 to the tax filers this year - I would like to know when will IRS intimate me whether I am receiving the check or not, and if yes then when will I recieve the check?
Other question is that if I receive 600 dollars alongwith this years returns, will that mean the IRS will deduct 600 dollars from my next years tax returns? Or is the 600 purely a bonus, which won't be deducted at any point of time?
Answers:
carpediemmaster: crazy as this seems
I don't think the IRS is going to intimate you EVER
but it's a GIFT to you, nothing more
2008-04-11 12:43:15
2008-04-11 12:43:15
Chosen Answer
sweet sweet jane: You won't be 'registered' until after you file your taxes. An individual receives 600, but it is double that if married and even more with children. It will be distributed based on when/how you filed your taxes and your SSN......but sometime around the end of may-first of July.
2008-04-11 12:43:38
sweet sweet jane: You won't be 'registered' until after you file your taxes. An individual receives 600, but it is double that if married and even more with children. It will be distributed based on when/how you filed your taxes and your SSN......but sometime around the end of may-first of July.
2008-04-11 12:43:38
rookem123: The checks should be sent out starting in May. They are sent out to people in phases based on the last two digits of your social security number. You had to file a 2007 return and make at least $3000 to get the check.
The $600 will not be taken back next year, it is purely a bonus.
2008-04-11 12:44:14
2008-04-11 12:44:14
Sandra S: This page has links to answer all your questions:
http://usgovinfo.about.com/od/incometaxandtheirs/a/rebates2008.htm
2008-04-11 12:46:07
2008-04-11 12:46:07
AnnieG: Fact almost no one would want to get intimate with the IRS :)
They will mail out the check if you are eligible.
To be eligible you have to file your 2007 return for starters
2008-04-11 12:55:43
2008-04-11 12:55:43