Okay This Is the deal I have a qualifying child but Im reciving only 300 What is the ******* deal?

Question

I mean I thought everyone was elgiable to recieve 600 off the top the irs should have just kept this to themselves better yet BUSH should have kept it to himself

What goin on somebody let me know.

Answer 1

Everyone was eligible for UP TO $600.  Did you work in 2007?  If you did not have an income, than you do not qualify for the stimulus refund.  I only got $358 and I was happy to get something extra!   Also, did you claim your child, or did the other parent?  It is possible that you are getting $300 for yourself and the other parent will get the $300 for your child.  Depends on how you filed.

Answer 2

each child per household is receiving 300 dollars, thats it!

Answer 3

The rebate does not come fro the executive office (Bush), it comes from the congress (Democrat controlled). If you do not pay taxes you do not get a "rebate". The same as if you do not buy a x*x you do not get a rebate on product x*x. You are getting a child tax credit (subsidy) even though you do not pay income taxes.

Answer 4

There are various situations where less than the $600 is given.

According to the IRS website:

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 that reduced your payment.

- You have non-tax federal debts such as unpaid student loans or child-support obligations that reduced your payment.