Do SAHM's not get counted in the Tax Rebate?

Question

I am a SAHM and my understanding was that as a couple my husband and I would receive around $1200, or $600 per person in our tax rebate, plus a possible $300 for my son. And we only received $600 & $300 - so my question is... since I don't work out of the home do we only get the rebate for a single filing status??

Answer 1

It has nothing to do with your working or not outside the home.  Your stimulus payment is based on your net federal income tax for 2007. If your tax was between $600 and $1200 on your joint return, you get back everything you paid. If your tax was less than $600, you get an even better deal, and get $600, even MORE than you paid in. If you paid over $1200 though, your rebate is limited to $1200.

Your net income tax liability is one of the following depending on which form you filed:

· On Form 1040, the amount shown on Line 57 plus the amount on Line 52;

· On Form 1040A, the amount shown on Line 35 plus the amount on Line 32; or

· On Form 1040EZ, the amount on Line 10.

It sounds like your income tax liability was $600 or less - if so, then that's what you and your spouse would get together, plus the extra for your son.

Answer 2

Married Couples qualify for UP TO $1200.  Most people, including the media, have ignored the UP TO part.

In order to get the full $1200, your income must he high enough that you incurred at least a $1200 tax liability.  If your income was low or your income was offset by high deductions or credits and your tax liability was under $600, you would only receive $600 plus $300 for your child.

Answer 3

Judy is correct, your rebate amount depends on your husband's and your combined tax payment.  If you paid less than $600 in total federal tax, your rebate as a couple will be $600, plus $300 for your child.  I am a SAHM also, and we received $2400 total, $1200 for my husband and I and $300 for each of our 4 children.  We paid $1600 in total tax, so we received our full amount of the rebate.