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Tax rebate deal.

Anybody know what the deal is on this? I'm 100% IU but filed jointly with my wife. We made less than $150,000. Since I'm IU I don't work or pay income taxes but my wife does. Do we qualify for the...

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Re: Tax rebate deal.

afvet4t: I am in the same boat as you. Wife worked I did not. However, filed jointly and paid taxes on some of my social security so I expect to get the 1200.00. Also paid taxes on some military...

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Re: Tax rebate deal.

jerheye wrote: afvet4t: I am in the same boat as you. Wife worked I did not. However, filed jointly and paid taxes on some of my social security so I expect to get the 1200.00. Also paid taxes on some...

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Re: Tax rebate deal.

If you filed a Married Filing JOINTLY tax return, and only one of you had earned income, you will both be entitled to the rebate of $1200.00, each. If you file a Married Filing JOINTLY tax return, and...

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Re: Tax rebate deal.

Thanks for the info MSgtMack. I didn't know that it was $1200.00 each. I thought it would only be $1200.00 for the couple filing jointly. Good info to know.

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Re: Tax rebate deal.

It would be $1200 for the couple filing jointly, not each. I think about it this way, during the years I worked and my wife didn't, I still filed jointly. Our household only had one income to report...

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Re: Tax rebate deal.

SEC. 6428. 2008 RECOVERY REBATES FOR INDIVIDUALS. `(a) In General- In the case of an eligible individual, there shall be allowed as a credit against the tax imposed by subtitle A for the first taxable...

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Re: Tax rebate deal.

So, if a Veteran has no income on a 1040, because of being 100% disabled, he or she would not get any rebate? Is this correct? VetForUS

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Re: Tax rebate deal.

WASHINGTON - The Senate passed an economic rescue plan Thursday that would speed $600 to $1,200 in rebates to most taxpayers and $300 checks to low-income people, including disabled veterans and the...

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Re: Tax rebate deal.

People who paid no income taxes but earned at least $3,000 - including through Social Security or veterans' disability benefits - would get a $300 rebate. My interpretation on what it being said. Lets...

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Re: Tax rebate deal.

Tax Rebate Covers Retirees, Disabled After the Senate missed passing its version of the economic stimulus package by a single vote, congressional leaders did some-last minute horse trading and...

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Re: Tax rebate deal.

I really must be missing something here. Normally I don't. My wife and I are 100% permanent. I also receive SSDI. We filed a 1040 for 2007. No reportable income . What if anything will we get? sorry...

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Re: Tax rebate deal.

VetforUS, Based on the quote from the article from MOAA, it appears that you should get a rebate of $600.00 for couples. quote: Those with only nontaxable income of at least $3,000 will receive $300...

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Re: Tax rebate deal.

"This question will come up: What if a veteran is 100% disabled and also draws social security or (SSDI) and the veteran nor his wife has any earned income is the veteran eligible for a rebate of...

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Re: Tax rebate deal.

Anyone know how we are to let the IRS know we are Disabled Vets, and have only VA Comp and/or Social Security? Mack

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Re: Tax rebate deal.

Mack, I think the IRS knows where we are, what income we have and its source. Hell if the credit agencies have our number you know the feds do.LOL Jim

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Re: Tax rebate deal.

MsgtMack: That was a question I could not figure out either. Va does not know who gets only va disability. And the vet does not file a tax return so, irs has no record of what he/she makes. Could this...

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Re: Tax rebate deal.

The IRS and Treasury will be working closely with the Department of Veterans Affairs and Social Security Administration along with beneficiary organizations to ensure that all eligible individuals...

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Re: Tax rebate deal.

"The IRS and Treasury will be working closely with the Department of Veterans Affairs and Social Security Administration along with beneficiary organizations to ensure that all eligible individuals...

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Re: Tax rebate deal.

You're going to pay it back out of any tax refunds you would get in 2009 on your 2008 income, so don't get too excited. If you pay no taxes in 2008, look at it as a windfall. If you pay taxes and...

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