Money from the government?

N3p · 03-17-2008, 02:28 PM

Has anyone heard the thing about we're suppose to get money from the government in May? It's like either $300 or $600 to each person or something like that. Can someone tell me what that is and like who gets how much money? Sorry I'm not being very specific I just don't know what to call it or anything about it really lol I just heard people at my work and my parents talking about it like last month.

Toasty · 03-17-2008, 02:53 PM

it's the economic stimulus package...

if you're being claimed as a dependant, you dont qualify.

but most people will qualify for 600 per individual/1200 couple, additional 300 per child or something like that.

archemedes · 03-17-2008, 02:54 PM

Economic Stimulus Payments Information Center
start here
a few tax people are saying it will count against your taxes in a later year, but I am not sure

SyntheticShield · 03-17-2008, 02:56 PM

I believe it was up to $70k/yr for individuals and like $100k/yr for couples was the income limits and it was $600 per person plus $300 per child. But you have to have done your taxes for 2007 before then in order to get the rebate. No tax filing, no rebate.

IndeedSS · 03-17-2008, 03:19 PM

and yes you have to pay taxes on the money received, just like last time.

N3p · 03-17-2008, 04:56 PM

Ok thanks I have another question, would I qualify?

Quote:

To receive a payment, taxpayers must have a valid Social Security number, $3,000 of income and file a 2007 federal tax return.

I met those requirements but Toasty said if you're claimed as a dependent (I'm not exactly sure what that means, new to the whole tax thing) then you won't qualify but it doesn't say that on that site. Idk if I am but I'm 17 and I think I am. Sorry if this is a dumb question but we all know how expensive it is to mod cars and there's lots of stuff out there I want to buy

.

Toasty · 03-17-2008, 05:09 PM

Quote:

Originally Posted by N3p

Ok thanks I have another question, would I qualify? I met those requirements but Toasty said if you're claimed as a dependent (I'm not exactly sure what that means, new to the whole tax thing) then you won't qualify but it doesn't say that on that site. Idk if I am but I'm 17 and I think I am. Sorry if this is a dumb question but we all know how expensive it is to mod cars and there's lots of stuff out there I want to buy

.

you live at home still, i assume.

your parents can claim you as "dependent" and get a tax break. so you wont get your own rebate. now, perhaps you can bargain with them for what they get because they marked you as a dependant.......

N3p · 03-17-2008, 05:15 PM

Oh damn that sucks. Looks like I'll have to try to get what I can out of my mom for the money she'll get for me haha.

Kel04GTP · 03-19-2008, 08:22 AM

I found this yesterday. It tells when they will be mailing the checks, etc. Apparently it is done by Social Security numbers...

When you'll get your rebate check - Mar. 17, 2008

IndeedSS · 03-19-2008, 08:58 AM

Thanks Kel. Good information.

03-17-2008, 02:28 PM	#1
N3p SE Level Member Join Date: Jan 2008 Location: Fort Wayne, IN Posts: 39 Thanks: 1 Thanked 0 Times in 0 Posts iTrader: (0)	Money from the government? Has anyone heard the thing about we're suppose to get money from the government in May? It's like either $300 or $600 to each person or something like that. Can someone tell me what that is and like who gets how much money? Sorry I'm not being very specific I just don't know what to call it or anything about it really lol I just heard people at my work and my parents talking about it like last month. __________________ U-bend/ResDelete// 3.4"// MSD 8.5mm// TR6s// ZZP 1.0 PCM// 72mm TB w/ TB spacer// WizAired CAI// 180° tstat Best ET (stock): 14.689 Best Trap (also stock): 93.82

03-17-2008, 02:53 PM	#2
Toasty GTP Level Member Join Date: Jan 2008 Location: SW Chicago Suburbs Posts: 1,564 Thanks: 0 Thanked 0 Times in 0 Posts iTrader: (0)	Re: Money from the government? it's the economic stimulus package... if you're being claimed as a dependant, you dont qualify. but most people will qualify for 600 per individual/1200 couple, additional 300 per child or something like that.

03-17-2008, 02:54 PM	#3
archemedes Approved Vendor Join Date: Jan 2008 Location: Saraland Alabama Posts: 3,462 Thanks: 0 Thanked 3 Times in 3 Posts iTrader: (1)	Re: Money from the government? Economic Stimulus Payments Information Center start here a few tax people are saying it will count against your taxes in a later year, but I am not sure __________________ Steve '97 GTP VS cam, ZZP PCM, and not much else yet

03-17-2008, 02:56 PM	#4
SyntheticShield Administrator Join Date: Dec 2007 Location: Oklahoma Posts: 6,508 Thanks: 14 Thanked 46 Times in 32 Posts iTrader: (5)	Re: Money from the government? I believe it was up to $70k/yr for individuals and like $100k/yr for couples was the income limits and it was $600 per person plus $300 per child. But you have to have done your taxes for 2007 before then in order to get the rebate. No tax filing, no rebate. __________________ Scotty Hall Bartlesville, OK 2001 Pontiac Grand Prix GTP It whines a lot, but I like it. The only limitation you will ever face in life is yourself!

03-17-2008, 03:19 PM	#5
IndeedSS SS-DD Level Member Join Date: Dec 2007 Location: St Louis MO Posts: 1,986 Thanks: 0 Thanked 1 Time in 1 Post iTrader: (3)	Re: Money from the government? and yes you have to pay taxes on the money received, just like last time. __________________ 04 Indy SS build #972 XP, TOG's, Lightning injectors, 2.8 pulley, 105 CC springs, Wizaired, 3.29 gears, tripleedgeperformance ported blower, machined LIM, 180* tstat, RS12YC@.053, FP rewire, Alt rewire, stage 1 V boost, PRJ wires, Stage 2 IC

03-17-2008, 05:15 PM	#8
N3p SE Level Member Join Date: Jan 2008 Location: Fort Wayne, IN Posts: 39 Thanks: 1 Thanked 0 Times in 0 Posts iTrader: (0)	Re: Money from the government? Oh damn that sucks. Looks like I'll have to try to get what I can out of my mom for the money she'll get for me haha. __________________ U-bend/ResDelete// 3.4"// MSD 8.5mm// TR6s// ZZP 1.0 PCM// 72mm TB w/ TB spacer// WizAired CAI// 180° tstat Best ET (stock): 14.689 Best Trap (also stock): 93.82

03-19-2008, 08:22 AM	#9
Kel04GTP SE Level Member Join Date: Dec 2007 Location: St. Louis Posts: 38 Thanks: 0 Thanked 0 Times in 0 Posts iTrader: (0)	Re: Money from the government? I found this yesterday. It tells when they will be mailing the checks, etc. Apparently it is done by Social Security numbers... When you'll get your rebate check - Mar. 17, 2008

03-19-2008, 08:58 AM	#10
IndeedSS SS-DD Level Member Join Date: Dec 2007 Location: St Louis MO Posts: 1,986 Thanks: 0 Thanked 1 Time in 1 Post iTrader: (3)	Re: Money from the government? Thanks Kel. Good information. __________________ 04 Indy SS build #972 XP, TOG's, Lightning injectors, 2.8 pulley, 105 CC springs, Wizaired, 3.29 gears, tripleedgeperformance ported blower, machined LIM, 180* tstat, RS12YC@.053, FP rewire, Alt rewire, stage 1 V boost, PRJ wires, Stage 2 IC

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