My wife and i filed jointly on taxes but we only received a 600 stimlus ck why?

Question

took a early retirment from work but am not drawing ss still working as a farmer and my wife in a day care

Answer 1

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.