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Were we suppose to get $300 or $600 back?

Posted By: FSANE On: 05-11-2008 @ 13:01:00         Reply | Edit
The relief tax refund. I could of sworn in was $600 a person and if any kids its $300 extra (per kid up to 4)



If I am right, Why the did I just get a $300 deposit? I was looking forward to the $600 because I wanted to get something nice for my GF. I was in the Hospital for the last 5 days and she was by my side EVERY MINUTE.
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02 T/A AUTO Metalic Silver. 07 Yaris M5.

Best ET is 11.13 @ 120 MPH with 1.47 60FT 11.13 sec vid
BurnOut Vid
[ Edited on 05/11/2008 @ 13:03:08 ]

Posted By: bigblocktransam  Yearly Donor since 01-28-2008 On: 05-11-2008 @ 13:06:55     Reply | Top | Edit
http://www.irs.gov/irs/article/0,,id=177937,00.html
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http://www.streetlethal.net 93 trans am, 12.26 @ 114.82 MPH stock motor 9 lbs
If you can read this thank a teacher, if it's in English thank a Soldier.

Posted By: FSANE On: 05-11-2008 @ 13:09:27     Reply | Top | Edit
Starting in May, the Treasury will begin sending economic stimulus payments to more than 130 million households. To receive a payment, taxpayers must have a valid Social Security number, $3,000 of income and file a 2007 federal tax return. IRS will take care of the rest. Eligible people will receive up to $600 ($1,200 for married couples), and parents will receive an additional $300 for each eligible child younger than 17. Millions of retirees, disabled veterans and low-wage workers who usually are exempt from filing a tax return must do so this year in order to receive a stimulus payment.
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02 T/A AUTO Metalic Silver. 07 Yaris M5.

Best ET is 11.13 @ 120 MPH with 1.47 60FT 11.13 sec vid
BurnOut Vid

Posted By: bigblocktransam  Yearly Donor since 01-28-2008 On: 05-11-2008 @ 13:12:24     Reply | Top | Edit
http://www.irs.gov/newsroom/article/0,,id=181991,00.html

Your payment may be less than the maximum for one or more of the following reasons:

You are single and your net income tax liability is less than $600. If you file Form 1040 net income tax liability is the amount shown on Line 57, plus the amount on Line 52.
You are married and your net income tax liability is less than $1,200.
You are single and your adjusted gross income (AGI) is more than $75,000. On Form 1040, AGI is the amount on Line 37.
You are married filing a joint return and your AGI is more than $150,000.
You owe back taxes.
You have non-tax federal debts such as unpaid student loans or child-support obligations.

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http://www.streetlethal.net 93 trans am, 12.26 @ 114.82 MPH stock motor 9 lbs
If you can read this thank a teacher, if it's in English thank a Soldier.

Posted By: bigblocktransam  Yearly Donor since 01-28-2008 On: 05-11-2008 @ 13:15:16     Reply | Top | Edit
heres a calculator to see if its what you should have got back

http://www.irs.gov/app/espc/
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http://www.streetlethal.net 93 trans am, 12.26 @ 114.82 MPH stock motor 9 lbs
If you can read this thank a teacher, if it's in English thank a Soldier.

Posted By: PongoX11  Monthly Donor since 01-28-2008 On: 05-11-2008 @ 13:28:49     Reply | Top | Edit
Consonant tax

Posted By: FSANE On: 05-11-2008 @ 16:16:59     Reply | Top | Edit
I made $44,000 last year. I should of gotten $600.

I didn't owe on my taxes. I got $4200 Federal and $900 State back.
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02 T/A AUTO Metalic Silver. 07 Yaris M5.

Best ET is 11.13 @ 120 MPH with 1.47 60FT 11.13 sec vid
BurnOut Vid

Posted By: TransAm64 On: 05-11-2008 @ 17:06:30     Reply | Top | Edit
Do you have kids??? Maybe it's a single deposit for just one child , and more to come ?? I know the system sends them out according to the last 2 digits of your social. Just a thought.
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00' Trans Am convertible, M6 ,K&N, Edelbrock exhaust. SLP Loudmouth coming soon.


Posted By: FSANE On: 05-11-2008 @ 18:13:19     Reply | Top | Edit
nope no kids

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02 T/A AUTO Metalic Silver. 07 Yaris M5.

Best ET is 11.13 @ 120 MPH with 1.47 60FT 11.13 sec vid
BurnOut Vid

Posted By: 94RedFormula  Yearly Donor since 01-28-2008 On: 05-11-2008 @ 18:35:36     Reply | Top | Edit
Why were you in the hospital?
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94 Formula M6 - Jackie - I'm the bomb diggity! ...Crunkmaro said so!

!CAGS, Hooker Catback, Lingenfelter CAI, Trick Flow intake elbow & 20% tint!!

Posted By: hot_red_z28 On: 05-11-2008 @ 19:10:45     Reply | Top | Edit
Maybe they were just having trouble spelling your name on the second check...
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Watch it idle: http://garrettreinard.bounceme.net/misc/lt1alive.wmv

Posted By: FSANE On: 05-11-2008 @ 19:15:57     Reply | Top | Edit
Loooooong Story Jackie. Now since I am out, I have to see 4 different doctors.
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02 T/A AUTO Metalic Silver. 07 Yaris M5.

Best ET is 11.13 @ 120 MPH with 1.47 60FT 11.13 sec vid
BurnOut Vid

Posted By: hurley_21_07 On: 05-11-2008 @ 20:29:51     Reply | Top | Edit
I only got the minimum too.

Dan
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'98 Trans-AM WS6
Mods: MTI Clear Lid & Filter, Pacesetter LT's, TSP True Duals, BMR STB, BMR SFC's, 180 Thermo, LS1Edit, Sitting on Sumitomo 315's and TTII's

==Sold but NEVER forgotten: 1997 Camaro V6 - Intake, Ignition, 180 Thermo==

Posted By: Rg320camaro On: 05-12-2008 @ 19:16:32     Reply | Top | Edit
I got 600! my sister only got 300 though.
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Trent

'99 LPM Z28 M6--LS6 Intake--!EGR/!AIR--233/239 .595/.603 ll3--Whisper lid--K&N--SLP CAI--Ported TB--MSD wires--Hooker LTs--Hooker Cat-back--flowtech electric cutout
Ram Powergrip Clutch--Pro 5.0 shifter--custom short stick--Black halos--black corners--black 17x9.5 ZR1s

Posted By: tatom On: 05-12-2008 @ 19:29:01     Reply | Top | Edit
300 here too!

Posted By: Storn On: 05-12-2008 @ 22:03:47     Reply | Top | Edit
only 300 here, pretty pissed, i dont think i meet any of the non 600 requirements, oh well...
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2001 V6 5speed
Posi 3.73's, Pacesetter Headers, Magnaflow High Flow Cat & Cat-Back, Cut-Out, Whisper Lid, Home Made EGR Delete, B&M Short Throw W/T-Handle, 180* Thermostat, 2-10in kicker comp vr's running off a momoblock, 4 infinity reference 6012's off a 4channel jbl...

Posted By: Calaban007  Yearly Donor since 01-28-2008 On: 05-12-2008 @ 22:30:00     Reply | Top | Edit
$1800 here, I'm going to Disneyland, literally. Well Disney World, but that's not how the song goes.

My wife wants to go, but it depends on if my work stabilizes and gas doesn't drain us before then.
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1995 Camaro Z28, M6, T-Top Conversion & 1989 IROC-Z Stock restoration in progress, well almost stock
http://www.myspace.com/163296073

Posted By: bigblocktransam  Yearly Donor since 01-28-2008 On: 05-12-2008 @ 22:57:39     Reply | Top | Edit
I should get mine this week, according to the calculator Im getting 1800 back, Im paying off a bill, filling my oil tank for heat next winter and probably getting some more parts to finish off another one of my AR-15 builds before they ban them again and I cant get good parts for them.
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http://www.streetlethal.net 93 trans am, 12.26 @ 114.82 MPH stock motor 9 lbs
If you can read this thank a teacher, if it's in English thank a Soldier.

Posted By: nolo325 On: 05-12-2008 @ 23:21:06     Reply | Top | Edit
calculator says i should get 600, but we shall see. either way its all going towards an XD45
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97 Z28 Camaro:

[Comp Cams 218/230 114LSA cam][Crane 1.6 Gold Roller Rockers][Chromemoly Pushrods][Meziere HD Electric Water Pump][A/C delete][Moroso Cold Air Intake][Racetronix 255 Fuel Pump][Speed Secrets Tune][Taylor 8.5mm Wires][NGk TR5 plugs][Speed Secrets T-56 6-speed][LS1 Aluminum Driveshaft][Moser 12-bolt with 3.73 gears][BMR LCA's (Boxed w/ Relocation Kit)][BMR Torque Arm][BMR SFC's][BMR Panhard Bar Relocation Kit][Lakewood Adjustable Panhard Bar][BMR Sway Bar Relocation Kit][Bilsteins HD's all 4 corners][98 C5 Corvette Rims (17x8.5 and 18x9.5)][Front Tires 245/45/ZR17 Kumho Supra 712's] [Rear Tires 275/40/ZR18 Toyo T1-S Proxies][SLP Line Lock w/ Arm switch and Momentary Button][Pro 5.0 Shifter][Lou Salzano Short Stick][Alpine Head Unit][QTP cutout][SLP fan switch][Raptor Shift light]

Posted By: FSANE On: 05-12-2008 @ 23:21:29     Reply | Top | Edit
Got the letter today in the mail...it says $300, but still doesn't explain why? Oh well, Free Money anyway.
--
02 T/A AUTO Metalic Silver. 07 Yaris M5.

Best ET is 11.13 @ 120 MPH with 1.47 60FT 11.13 sec vid
BurnOut Vid

Posted By: hot_red_z28 On: 05-12-2008 @ 23:42:48     Reply | Top | Edit
^ until it gets rolled into next years taxes...

Nothing is free...
--

Watch it idle: http://garrettreinard.bounceme.net/misc/lt1alive.wmv

Posted By: FSANE On: 05-13-2008 @ 00:10:11     Reply | Top | Edit
The letter stated that it does NOT get rolled into my 2008 taxes
--
02 T/A AUTO Metalic Silver. 07 Yaris M5.

Best ET is 11.13 @ 120 MPH with 1.47 60FT 11.13 sec vid
BurnOut Vid

Posted By: Rynb15  Monthly Donor since 01-28-2008 On: 05-13-2008 @ 02:33:46     Reply | Top | Edit
i got back 600. But i had an unexpected bill that cost $1000, so its already gone
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Sold
95 Black Z28,M6,Hooker shorty headers, Hooker 3inch catback, flowtech cutout, Spec stage 3 clutch,K&N Cai,Granatelli Maf,1LE Inatke Elbow, airfoil, 160 degree thermostat,LT4 KM, MSD wires,NGK TR6 plugs,short throw shifter,NX wet kit 100 shot, MSD window switch, N.O.S. purge


Posted By: pawn65 On: 05-13-2008 @ 08:57:16     Reply | Top | Edit
still waiting on mine from last week.
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2000 Zinc Yellow Mustang GT "Spring Feature" 1 of 917.
bassini x pip catback exhaust system, cai, 70mm tb, 3.73's, subframe connectors,
Raptors 245/45 ZR17's


Posted By: 94RedFormula  Yearly Donor since 01-28-2008 On: 05-13-2008 @ 09:56:35     Reply | Top | Edit
Andy and I got ours on Friday...$1200.
Jesse still hasn't gotten his yet.
--
94 Formula M6 - Jackie - I'm the bomb diggity! ...Crunkmaro said so!

!CAGS, Hooker Catback, Lingenfelter CAI, Trick Flow intake elbow & 20% tint!!

Posted By: pawn65 On: 05-13-2008 @ 10:03:21     Reply | Top | Edit
^ glad someone got theres on friday.
--
2000 Zinc Yellow Mustang GT "Spring Feature" 1 of 917.
bassini x pip catback exhaust system, cai, 70mm tb, 3.73's, subframe connectors,
Raptors 245/45 ZR17's


Posted By: RS31 On: 05-13-2008 @ 16:14:12     Reply | Top | Edit
Now I'm worried. I made about the same ($43K) and got a lot back for tax returns. no student loans and no kids (or at least none that I know of)
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1998 GTP - 3.4" pulley - ZZP PCM - Fender Intake - Autolite 104's - TB spacer - 3" downpipe - !ubend - high flow cat
1999 Suzuki SV650 - Stage 4 jet kit - Full Exhaust

Posted By: 94RedFormula  Yearly Donor since 01-28-2008 On: 05-13-2008 @ 16:23:42     Reply | Top | Edit
Here's some stuff that might answer your questions.

Here's a link to where I found this.
http://www.usatoday.com/money/perfi/columnist/block/2008-05-12-tax-rebates_N.htm?se=yahoorefer



REBATE SCHEDULES

Direct deposit

If the last two digits of your Social Security number are: Your rebate should be delivered no later than:

00-20 May 2

21-75 May 9

76-99 May 16

Paper check

00-09 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 4

88-99 July 11






Q: I received my rebate, but it's for less than I thought I would get. Why?

A: There are several factors that could shrink your rebate:

•Your rebate can't exceed your 2007 net tax liability. If your net tax liability was less than $600 — or $1,200 if you're married and filed jointly — your rebate will be reduced.

Taxpayers who used Form 1040 can calculate their net tax liability by adding Line 52 and Line 57. If you used 1040A, add Lines 35 and 32. On 1040EZ, your net tax liability is the amount shown on Line 10.

•You owe back taxes, child support or have defaulted on your federal student loans. The IRS will apply your rebate to those debts.

•Your children don't qualify. Parents are eligible for an additional $300 for each dependent child. But the payment is available only for dependent children who were age 16 or under on Dec. 31, 2007.

--
94 Formula M6 - Jackie - I'm the bomb diggity! ...Crunkmaro said so!

!CAGS, Hooker Catback, Lingenfelter CAI, Trick Flow intake elbow & 20% tint!!

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