Stimulus Package:?

Question

We filed our 2007 taxes as married filing jointly. We have a dairy farm and I have a home business, together adjusted gross income was 24,906. What should we get back on the Economic Stimulus?

Answer 1

If you don't have any claimed children, then anywhere from $600 to $1200.

Answer 2

No way to tell, since the amount depends on your tax liabilty, not your AGI.  It will be somewhere between $600 total for the two of you, and $741.  You wouldn't have paid enough tax to qualify for the maximum payment of $1200 for a couple filing a joint return.

Go to http://www.irs.gov/app/espc/ and key in your numbers to estimate what you are eligible for.  You'll need some numbers from your copy of your tax return, so have it handy.

Answer 3

$1200.

Answer 4

you can go to irs.gov and type in all your information and it will tell you a ball park figure of what you will get back