The economic tax return boost?

United States
March 26, 2008 11:42am CST
So for those of you in the U.S.A. I am sure that you are aware that the government is planning to give out between $300 - $1,200 for those who file tax returns and make a specific amount of money. My question is this; How do you know where you fall? I was reading over the statement and it confused me slightly since I am not very familiar with tax terms. Any information you could help me with would be appreciated! Thanks!
2 responses
@jdeforge (224)
• United States
26 Mar 08
From what I gather: Individual taxpayers that have little to no tax liability will receive the payment of $300. Meaning they made less then $3000 in 2007. And individual with no dependents who made more then $3000 in 2007 will receive $600. But also know that people who made more then $75000 in 2007 will receive less then $600, but I do not have that info. You also get $300 per child. Married taxpayers receive up to $1200 if they made more then $6000 in 2007. Joint incomes of $150,000 in 2007 also receive less then $1200 but I do not have that figure. Hopefully this helps. They start sending out checks in May, and based off the last two digits of your social secuirty number is when you'll receive it. Mine ends in 86 and I'll receive my check in September.
1 person likes this
• United States
26 Mar 08
Thanks so much for your help! :-) How do you figure that you get yours in September if the last two digits are 86? Does it go by week days or weekends or how do you know?
@bcote212 (1113)
• United States
26 Mar 08
I did my taxes yesterday online with Turbo Tax, and right before i e-filed I was told that I will be recieving $600. I believe that married couples are recieving 1200 as long as they have a combined income of 150k or less, and single people are getting $600 as long as they make less than 75k. I believe that the $300 is for people who earned under a certain amount, but i am not sure what that amount is.