Posts Tagged ‘e’

work part time at home

I am 19, live at home , work part time and go to college.?

I filed a tax return to receive the federal tax that was with held from my wages last year. However, my mother carried me on her return as her dependent. Will I get money from the stimulus package the government is talking about?
The tax advisor said I could file to recoup the money that was with held from my pay check, and I did not claim myself as dependent so my mother could . My income was low.

If you are claimed as a dependent, you will be ineligible for the rebate, but you may still benefit under the plan.

While the rebate depends on your 2007 status and income, it is actually a rebate toward your 2008 taxes. According to the Economic Stimulus Act of 2008, taxes would be cut in 2008 from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.

So if you have taxable income in 2008, you will see a tax cut when you file in 2009.