Whether it's your first Bonnaroo or you’re a music festival veteran, we welcome you to Inforoo.
Here you'll find info about artists, rumors, camping tips, and the infamous Roo Clues. Have a look around then create an account and join in the fun. See you at Bonnaroo!!
Post by bojangles22 on Mar 17, 2008 12:35:20 GMT -5
I heard we might be getting that six hunny check before june.... like in May or something maybe... is this true? If it is i may be able to pay for a roo ticket without disturbing my meak cash flow. Provided roo aint sold out- which i think is highly unlikely, i might do this. I know some of you wild nomadic hippies don't hafta worry about taxes and won't be getting any "govermen't money" i.e. "our money", but how many of you guys will be buying roo tix with the rebate checks, or how many people will be recirculating this money somewhere other than the government, say for instance, certain shakedown vendors?
Post by kingofcheezwiz on Mar 17, 2008 12:51:27 GMT -5
I am claimed as a Dependant by my mom, so I won't be getting the rebate check. Which is BS, because I didn't live at home for seven months, but she still claims me. It also makes it so that I can't get grants for college. I really hate that my parents are so greedy that they claim me. Seriously, I'm not happy about it at all.
my parents did that to me last year and i made sure they didnt screw me over this year.. hope ur parents give u a couple bills since they get a few extra claiming u..
Hmm - interesting thing here - I have to chime in on that one since I have a teenager - her college will be paid for and her money will come from us - so until she graduates or whenever the federal cut off is - she is still my dependant and will still be claimed by me.
I would say it depends on how much your parents still support you as to whether they claim you or not regardless of whether you live at college - now - if you are out on your own completely - paying for college yourself and working on your own - they they should not be claiming you.
but that is totally off the topic of tax rebate checks - I cannot wait for mine to be mailed
Post by iridethecannibus on Mar 17, 2008 13:06:51 GMT -5
sooo... i tried to read the info on about.com about this rebate check, but i'm at work and not really understanding... this is the first i have heard of this. Who is eligible? I filed independent and got back about a grand as my regular refund... my annual income was somethin' like 15,000. Do I qualify?
Post by kingofcheezwiz on Mar 17, 2008 13:06:53 GMT -5
willrich1 said:
my parents did that to me last year and i made sure they didnt screw me over this year.. hope ur parents give u a couple bills since they get a few extra claiming u..
I wish, but I've already asked my mom and she said quote, "fat chance, kid-o." That and I apparently owe the state of Michigan $50, and my federal return is only a measly $109. I hate taxes. Oh, and the supreme court has ruled three times that the 16th amendment levees no new taxes. Wrap your head around that one.
sooo... i tried to read the info on about.com about this rebate check, but i'm at work and not really understanding... this is the first i have heard of this. Who is eligible? I filed independent and got back about a grand as my regular refund... my annual income was somethin' like 15,000. Do I qualify?
here is better information straight from www.irs.gov
What is it? It's an economic stimulus payment that more than 130 million households will receive starting in May. It's not taxable, and it won't reduce your 2007 or 2008 refund or increase the amount you owe when you file your 2008 return.
Are you eligible? You're eligible if you have a valid Social Security Number (SSN) and show qualifying income of at least $3,000 on your federal tax return. Both people listed on a "married filing jointly" return must have valid SSNs to qualify for the payment — if only one has a valid SSN, neither can receive the payment.
Can you use an ITIN instead of an SSN? Taxpayers with an Individual Taxpayer Identification Number (ITIN) instead of an SSN are not eligible to receive a stimulus payment. Both people listed on a "married filing jointly" return must have valid SSNs to qualify for the payment — if only one has a valid SSN, neither can receive the payment.
Not eligible at the current time? If your circumstances change and you become eligible after you file your 2007 federal tax return, you can always file an amended return using Form 1040X. If you're not eligible this year but you become eligible next year, you can claim the economic stimulus payment next year on your 2008 tax return.
How do you get it? Just file a a federal tax return for 2007, even if you normally don't have to because your income usually doesn't meet the filing threshhold. You can't get it if you don't file.
How much will you get? The actual amount depends on the information contained on your tax return. Eligible individuals will receive between $300 and $600. Those who are eligible and file a joint return will receive a total of between $600 and $1,200. Those with children will get an additional $300 for each qualifying child. To qualify, a child must be eligible under the Child Tax Credit and have a valid Social Security number. We have various examples for you check out.
The payments phase out at certain income levels, so those with higher incomes may receive a reduced payment or even no payment.
How will you receive the payment? Be sure to choose direct deposit when you file your tax return, even if you aren't due a regular tax refund on your tax return. That way, the stimulus payment will go right to your bank account. Otherwise, we'll mail you a check.
What if some or all of your income consists of Social Security, veterans' or other benefits? The economic stimulus law allows Social Security recipients and recipients of certain veterans' benefits and Railroad Retirement benefits to count those benefits towards the qualifying income requirement of $3,000. Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment. To get the payment, you have to file a 2007 tax return using either Form 1040 or the short Form 1040A. For more information, see:
Information for Recipients of Social Security Benefits Information for Recipients of Veteran's Benefits FS-2008-16, Stimulus Payments: Instructions for Low-Income Workers and Recipients of Social Security and Certain Veterans’ Benefits. Tax Package 1040A-3 and Form 1040A
Those who normally don't have to file a tax return and can use the short form for the stimulus payment can check out tax package 1040A-3 to see information on, and an example of how to fill out, Form 1040A.
Post by kingofcheezwiz on Mar 17, 2008 13:10:06 GMT -5
bos1969 said:
Hmm - interesting thing here - I have to chime in on that one since I have a teenager - her college will be paid for and her money will come from us - so until she graduates or whenever the federal cut off is - she is still my dependant and will still be claimed by me.
I would say it depends on how much your parents still support you as to whether they claim you or not regardless of whether you live at college - now - if you are out on your own completely - paying for college yourself and working on your own - they they should not be claiming you.
but that is totally off the topic of tax rebate checks - I cannot wait for mine to be mailed
I had some health issues in December that forced me to move back home. From May until December I was on my own, supporting myself. I was working almost 40 hours a week and struggling to get by and they didn't help me at all in that period. They aren't paying for college, either. I have no money for school until I hear back about some scholarships I applied for, and the Federal Government won't give me any grants because I'm a "Dependant" and my parents make too much money. So I feel really stuck in a rut right now.
Post by stallion pt. 2 on Mar 17, 2008 13:12:06 GMT -5
kingofcheezwiz said:
bos1969 said:
Hmm - interesting thing here - I have to chime in on that one since I have a teenager - her college will be paid for and her money will come from us - so until she graduates or whenever the federal cut off is - she is still my dependant and will still be claimed by me.
I would say it depends on how much your parents still support you as to whether they claim you or not regardless of whether you live at college - now - if you are out on your own completely - paying for college yourself and working on your own - they they should not be claiming you.
but that is totally off the topic of tax rebate checks - I cannot wait for mine to be mailed
I had some health issues in December that forced me to move back home. From May until December I was on my own, supporting myself. I was working almost 40 hours a week and struggling to get by and they didn't help me at all in that period. They aren't paying for college, either. I have no money for school until I hear back about some scholarships I applied for, and the Federal Government won't give me any grants because I'm a "Dependant" and my parents make too much money. So I feel really stuck in a rut right now.
Same shit happened to me, so I found the only way to bypass that crap....I got married. Worked for both my wife and I.
John: We don't even understand our own music Spider: It doesn't, does it matter whether we understand it? At least it'll give us . . . strength John: I know but maybe we could get into it more if we understood it
sammy o
Stanky McNasty The Artist formerly known as Samus
Hmm - interesting thing here - I have to chime in on that one since I have a teenager - her college will be paid for and her money will come from us - so until she graduates or whenever the federal cut off is - she is still my dependant and will still be claimed by me.
I would say it depends on how much your parents still support you as to whether they claim you or not regardless of whether you live at college - now - if you are out on your own completely - paying for college yourself and working on your own - they they should not be claiming you.
but that is totally off the topic of tax rebate checks - I cannot wait for mine to be mailed
I had some health issues in December that forced me to move back home. From May until December I was on my own, supporting myself. I was working almost 40 hours a week and struggling to get by and they didn't help me at all in that period. They aren't paying for college, either. I have no money for school until I hear back about some scholarships I applied for, and the Federal Government won't give me any grants because I'm a "Dependant" and my parents make too much money. So I feel really stuck in a rut right now.
see - in that situation - that is not right - that is being taken advantage of.
oh - here is more infor from IRS.gov regarding a "qualifying child" to claim as a dependant
The child must be your son, daughter, stepchild, foster child, brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant of any of them.
1 The child must be (a) under age 19 at the end of the year, (b) under age 24 at the end of the year and a full-time student, or (c) any age if permanently and totally disabled.
2 The child must have lived with you for more than half of the year.
3. The child must not have provided more than half of his or her own support for the year.
If the child meets the rules to be a qualifying child of more than one person, you must be the person entitled to claim the child as a qualifying child.
Last Edit: Mar 17, 2008 13:24:26 GMT -5 by Meg - Back to Top
I don't really understand where the cut-off is between a $300 check and a $600 one. I thought I was getting the bigger one, but that article confused me and I have no idea what I'm getting now. BUT It did say everyone who had their refund direct deposited will get this the first 2 weeks of May, so at least I know when I'm getting it.
I don't really understand where the cut-off is between a $300 check and a $600 one. I thought I was getting the bigger one, but that article confused me and I have no idea what I'm getting now. BUT It did say everyone who had their refund direct deposited will get this the first 2 weeks of May, so at least I know when I'm getting it.
I kinda do tax work so it's easy for me to understand but I'll try and help.
If you have already done your taxes it's pretty easy to see what you get. Go to the part on your tax return and look at the line that says "TAX" should be close to the bottom on the 1040EZ or close to the top of the 2nd page on the 1040. If that number is less than $300 you will *most likely* get $300. If it is $600 or more you *most likely* get $600. If it is between $300 and $600 you will get THAT amount. Those amounts are only for single people and double the amounts for married couples.
Hope this helps and isn't as confusing as IRS is
edit: and by the way for the direct deposit thing...the rebate check will automatically be direct deposited also, nothing will be mailed.....if this years refund was direct deposited.
Post by Britney's_Fears on Mar 17, 2008 14:03:07 GMT -5
"The Treasury Department has stated that the IRS will begin mailing the rebate checks starting in early May. The Treasury estimates that it should take about 10 weeks for all the checks to be mailed."
There's a chance you may not receive the check by June 12.
I don't really understand where the cut-off is between a $300 check and a $600 one. I thought I was getting the bigger one, but that article confused me and I have no idea what I'm getting now. BUT It did say everyone who had their refund direct deposited will get this the first 2 weeks of May, so at least I know when I'm getting it.
I kinda do tax work so it's easy for me to understand but I'll try and help.
If you have already done your taxes it's pretty easy to see what you get. Go to the part on your tax return and look at the line that says "TAX" should be close to the bottom on the 1040EZ or close to the top of the 2nd page on the 1040. If that number is less than $300 you will *most likely* get $300. If it is $600 or more you *most likely* get $600. If it is between $300 and $600 you will get THAT amount. Those amounts are only for single people and double the amounts for married couples.
Hope this helps and isn't as confusing as IRS is
edit: and by the way for the direct deposit thing...the rebate check will automatically be direct deposited also, nothing will be mailed.....if this years refund was direct deposited.
Thanks! That is way easier than how the article explained. Karma.
Post by mulcherry0420 on Mar 17, 2008 14:09:17 GMT -5
so I'm a full time student, would that qualify me. Because i do have student loans I payed taxes on and what nots. This would be a blessing, even though i have no idea where an extra 600 bucks comes from. Plus we would pay taxes on that, too.
I'm not really into economics or anything, but isnt this basically inflation at the highest degree? lolz
When are taxes due?? I don't live at with my parents, but both places I was employed at sent my tax info to my parents' house and they basically refuse to send to me... I mean, not really, but I've been asking for over a month and nada. So when do I have to have it postmarked by??
When are taxes due?? I don't live at with my parents, but both places I was employed at sent my tax info to my parents' house and they basically refuse to send to me... I mean, not really, but I've been asking for over a month and nada. So when do I have to have it postmarked by??
From the IRS, ,,id=179181,00.html (you will have to clip and paste the entire address into your browser to get to the IRS rebate FAQ):
Q: I know some people won’t get a stimulus payment. How do I know if I’m one of them? A: You won’t get a stimulus payment in 2008, if any of the following apply to you:
You don’t file a 2007 tax return.
Your net income tax liability is zero and your qualifying income is less than $3,000. To determine your qualifying income, add together your wages, net self-employment income, nontaxable combat pay, Social Security benefits, certain Railroad Retirement benefits and certain veterans’ payments.
You can be claimed as a dependent on someone else’s return. For example, this would include a child or student who can be claimed on a parent’s return.
You do not have a valid Social Security Number.
You are a nonresident alien.
You file Form 1040NR or Form 1040NR-EZ, Form 1040PR or Form 1040SS for 2007.
for reference is the "Qualifying Income" what can be found in Box 1 of the W-2 or W-4, whichever it is??
Box 1 of the W2, PLUS any interest a bank account might have earned, maybe some gambling winnings from those winning scratch offs, some of those shares of microsoft that were just sitting around that you sold last year....basically any and all income, not just the stuff you made at a job.
Post by StreetBum87 on Mar 17, 2008 15:59:56 GMT -5
i already get 900.....but i got claimed as a dependant cuz i had no license last year and had to depend on mom and dad....but none the less i still get cuz i ended up working it out with the rents...
so I'm a full time student, would that qualify me. Because i do have student loans I payed taxes on and what nots. This would be a blessing, even though i have no idea where an extra 600 bucks comes from. Plus we would pay taxes on that, too.
I'm not really into economics or anything, but isnt this basically inflation at the highest degree? lolz
From what I've been told in the past, the extra money is coming from your income tax return for 2009. I don't know exactly how it's going to effect us next year, but the reason they're giving us the money in May this year is to boost the economy. Hopefully it won't fukc up the economy in 09 when people aren't getting any money back or a lot less.
And for those who want to know when they'll get their rebate check, it's by social security. The last two digits:
If you got direct deposit this is when you'll get it: 00-20: May 2nd 21-75: May 9th 76-99: May 16
If you chose to get it mailed: 00-09: it will mail May 16 10-18: May 23 19-25: May 30 26-38: June 6 39-51: June 13 52-63: June 20 64-75: June 27 76-87: July 11
So if you got d.d. you'll def have the money by roo.
Post by StreetBum87 on Mar 17, 2008 16:26:09 GMT -5
^^^^i heard that we have to claim it on next years taxes.......kinda like winning big in vegas...i think it might be anything over 24,000 you have to claim<<<<im not sure on that but here in illinois on the boat, its anything over 2,400 you have to claim
^^^^i heard that we have to claim it on next years taxes.......kinda like winning big in vegas...i think it might be anything over 24,000 you have to claim<<<<im not sure on that but here in illinois on the boat, its anything over 2,400 you have to claim
Ahh..that would make much more sense and be smarter than getting nothing next year.
Also from the IRS rebate FAQ at ,,id=179181,00.html (clip and paste entire address into browser; doesn't seem to want to link the entire address in a normal fashion):
Q. Is my stimulus payment taxable?
A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment. In the event you do not qualify for the full amount this year but you do next year, you will need to have the letter as a record of the amount you previously received.
Q. Will the payment I receive in 2008 reduce my 2008 refund or increase the amount I owe for 2008? A. No, the stimulus payment will not reduce your refund or increase the amount you owe when you file your 2008 return.
im getting between $925 and $1200, and its scheduled to be released the week of may 9, i was already planning on using some of it for roo, ima float myself a loan from savings if i don't get it before roo.
"White collar conservative flashin down the street, pointing that plastic finger at me, they all assume my kind will drop and die, but I'm gonna wave my freak flag high." Jimi Hendrix
