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Schachteles
03-17-2008, 01:16 PM
Here is a link to the schedule for the tax rebates...depending on which spouse they go off of we will be in the first or second batch :cool1:

http://ww3.startribune.com/blogs/kablog/


Direct Deposit Payments
If the last two digits of your Social Security number are: Your economic stimulus payment deposit should be sent to your bank account by:
00 20 May 2
21 75 May 9
76 99 May 16

Paper Check
If the last two digits of your Social Security number are: Your check should be in the mail by:
00 09 May 16
10 18 May 23
19 25 May 30
26 38 June 6
39 51 June 13
52 63 June 20
64 75 June 27
76 87 July 4
88 99 July 11

mindyd
03-17-2008, 01:22 PM
Thank you I have been looking for this!

caitty13
03-17-2008, 01:22 PM
thanks! :cool1:

TimeforMe
03-17-2008, 01:29 PM
dumb question but.....is it direct deposited if your refund was direct deposited?

DVC-Don
03-17-2008, 01:30 PM
We are not getting this as the government says I'm rich.

peyton18
03-17-2008, 01:49 PM
dumb question but.....is it direct deposited if your refund was direct deposited?


Yes.

ilovefh
03-17-2008, 01:56 PM
Does anyone know how you calculate what you get? I've seen tons of different things and I'm not sure which is right!

BBGirl
03-17-2008, 01:58 PM
THANKS!! THey also have the link to the IRS calulator to find out how much you get.

WendyisDarling
03-17-2008, 01:59 PM
Does anyone know how you calculate what you get? I've seen tons of different things and I'm not sure which is right!
Go to www.irs.gov at the very top is a rebate questions section that will take you to a calculator. Have your 2007 taxes on hand as it asks you to put in figures from different lines (at least it did for the 1040). It was really easy.

MsStinkerBelle
03-17-2008, 02:00 PM
Thanks for posting this!

Good thing I filed via Direct Deposit or else I'd be waiting until June to get my 'stimulus payment'. It'll go right into the 'moving expenses' account.

sorcerormickey
03-17-2008, 02:00 PM
We are not getting this as the government says I'm rich.


Ha Ha - I'm not getting one, the gov says I'm too poor!

Tissa
03-17-2008, 02:00 PM
That's great news! I was hoping to get it before our June 20th trip.

Here is a link to the IRS calculator on how much you will be getting back.
http://www.irs.gov/app/espc/

ilovefh
03-17-2008, 02:02 PM
thanks so much!

solfan68
03-17-2008, 02:04 PM
If you have to pay in on taxes, how do they determine if you are check or DD ? Can you put in for DD ?

LisaNJ25
03-17-2008, 02:12 PM
We will be in the last batch .. if it was my social with would be in the first.

princessh
03-17-2008, 02:16 PM
Thanks for posting. We will be getting ours the day we leave for our DCL cruise!!!!

Anjelica
03-17-2008, 02:16 PM
We are not getting this as the government says I'm rich.

:rotfl: Of course you won't get it because as we all know the rich get richer. Come on - weren't you able to buy your Lexus right after the 2001 tax cuts....:lmao: My garage is stuffed to the brim with the Lexus' we got...NOT

Seriously I sympathize because we are in a similar boat. Although we will get a partial payment due to the fact we have two kids and I took about 5 weeks last year unpaid. Had I gotten paid we would get nothing. That's ok though - as long as the guy who doesn't pay any income taxes at all gets a rebate all is well in the world. I don't understand how people who don't pay income taxes get something (and yes folks even those who get taxes taken out of their checks but get a full refund are considered to not have paid any taxes).

Oh well - to the OP - thanks for the information!!!

LisaNJ25
03-17-2008, 02:18 PM
That's great news! I was hoping to get it before our June 20th trip.

Here is a link to the IRS calculator on how much you will be getting back.
http://www.irs.gov/app/espc/

thanks.. mine says:

Based on the information you provided, your expected stimulus payment is $2273.

branv
03-17-2008, 02:35 PM
Thanks for posting. We will be getting ours the day we leave for our DCL cruise!!!!

We'll be getting ours the week after we get back from our Disney cruise :thumbsup2

Honestly, I was against the stimulus package, but even I will admit that it will be nice that when that credit card bill comes in it I won't have to wince as much when I transfer money from savings to the bill pay account. :rolleyes1

PatsMom
03-17-2008, 02:38 PM
If you have to pay in on taxes, how do they determine if you are check or DD ? Can you put in for DD ?

If you fill in the direct deposit information on your tax return the stimulus payment will be direct deposited even if you are not due a refund. At least that is the information that is posted on the IRS web site.

Crazy4Disney06
03-17-2008, 02:39 PM
Thank you for posting this!

Does direct deposit count even if you used a program such as Turbo Tax to file your taxes?:confused3

LisaNJ25
03-17-2008, 02:59 PM
Thank you for posting this!

Does direct deposit count even if you used a program such as Turbo Tax to file your taxes?:confused3


yes it does...


Does anyone know if you filled with H & R Block and got your refund on their debit card if you would get it on that also? I am thinking No and it would be a paper mailing but my sister is trying to find that out.

hollieplus2
03-17-2008, 03:22 PM
So if mine says on or before May 9th does that mean it will be deposited on the 9th since it's a Friday? They usually do deposits on Fridays.

TheRatPack
03-17-2008, 03:51 PM
Hmmm, so it's not as cut and dry as so much per child and so much for married couples...etc. I just did the calculator and it said 2100, vs the 2700 we'd figured based on the initial numbers. Guess there is a lot of variance in there.

Msslaydbug
03-17-2008, 04:23 PM
Darn it - both Dh and I have SS#'s that end in the 9's.


If all goes according to plan though it will be direct deposited 2 days before we leave for Disney. That would be wonderful !

Frankiesmom
03-17-2008, 05:12 PM
Thanks sooooo much for that info! Ours is getting deposited on the 9th and we leave for WDW on the 10th!!!!! I could kiss you!!!

JoyG
03-17-2008, 05:31 PM
Aw man, we'll be the last people in America to get ours. :guilty:

mello
03-17-2008, 05:35 PM
it's just an advance on our 2008 return? So all it will do is increase the amount we have to pay next year (or reduce a return for those who get money back)?

Disney8704
03-17-2008, 05:42 PM
What happened to the $1200 for married, filed jointly? Now its $600 - $1200?!! This is NOT good news for DH and I! We were really counting on for $1200, not $600! If that calculator is right and we only get $600 back, Im gonna have to cancel some of our ADRs. I really dont want to have to that, but if it comes down to it, I will have to. Cant change our dates because I already bought our airline tickets, and dont feel like having to cancel and lose $$ on them AGAIN. I really hope we get some extra pixiedust: cuz we need it!

Cindy B
03-17-2008, 05:45 PM
Last batch.. oh well.

sueh
03-17-2008, 05:59 PM
it's just an advance on our 2008 return? So all it will do is increase the amount we have to pay next year (or reduce a return for those who get money back)?

Straight from the IRS website:

Is my stimulus payment taxable?

A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment. In the event you do not qualify for the full amount this year but you do next year, you will need to have the letter as a record of the amount you previously received.

Q. Will the payment I receive in 2008 reduce my 2008 refund or increase the amount I owe for 2008?

A. No, the stimulus payment will not reduce your refund or increase the amount you owe when you file your 2008 return.

kimbac3
03-17-2008, 06:04 PM
What happened to the $1200 for married, filed jointly? Now its $600 - $1200?!! This is NOT good news for DH and I! We were really counting on for $1200, not $600! If that calculator is right and we only get $600 back, Im gonna have to cancel some of our ADRs. I really dont want to have to that, but if it comes down to it, I will have to. Cant change our dates because I already bought our airline tickets, and dont feel like having to cancel and lose $$ on them AGAIN. I really hope we get some extra pixiedust: cuz we need it!

I'm pretty annoyed with this too. It seems as though they aren't paying on married couples as double - does that make sense? So if DH and I filed separately we'd each get the 600 instead of being shafted. I hope it's just the calculator having a glitch.
:headache:

Kimba

torinsmom
03-17-2008, 06:07 PM
Does anyone know whether if you owe state taxes they will take this to pay those? I am getting a small refund for federal, but have to pay $500 in state taxes:confused3 (Gotta love NC). I'd rather pay the taxes I owe later in the year when they bill me. This money would be going to Disney!

Marsha

mamalle
03-17-2008, 06:40 PM
maybe I confused but I thought it was $1200 for married couples filing jointly??. my turbo tax told me at the end we were getting $1800 for our family of 4 :confused3

micki7337
03-17-2008, 06:43 PM
Does anyone know if you filled with H & R Block and got your refund on their debit card if you would get it on that also? I am thinking No and it would be a paper mailing but my sister is trying to find that out.


It will automatically go to paper check.

jennz
03-17-2008, 06:57 PM
I just used the calculator and we're married filed jointly one child and it says we're getting $1500 back, what I expected. Are some people not getting paid for spouses?

ajk912
03-17-2008, 07:02 PM
I just used the calculator and we're married filed jointly one child and it says we're getting $1500 back, what I expected. Are some people not getting paid for spouses?

My married filing joint was exactly $2100 with our three kids..just what I was expecting, as well.

branv
03-17-2008, 09:29 PM
Well I used the calculator and DH and I, married filed jointly, are getting the $1200 back (and I had no income last year as I was a full-time student). I guess it just depends on what your taxable income was and how much you paid in taxes.

Anjelica
03-17-2008, 09:50 PM
Well I used the calculator and DH and I, married filed jointly, are getting the $1200 back (and I had no income last year as I was a full-time student). I guess it just depends on what your taxable income was and how much you paid in taxes.

Correct - the maximum income threshold for receiving ALL of your rebate check (for married couples filing jointly) is 150,000. After 150,000 adjusted gross income it will start to go down in terms of total rebate received eventually capping out to nothing after 175,000 (and this means if you make jointly 175,000 and have 10 kids you get nothing).

JSFord
03-17-2008, 09:57 PM
I didnt hink we were getting anything, but just tried the calculator on a whim.

We get $537, sweet.

Better than nothing.

Disney8704
03-17-2008, 09:59 PM
Well we are DEF. WAY under $150,000. DH is the only one who works. I stay home. Last year I did go to college, and we claimed that on the taxes. DH only makes a little over $17,000 a yr. Which gives you the perfect example - military does not get paid enough! However, the calculator still says we're only getting $600! So Im really praying its wrong and we are getting that $1200!

Correct - the maximum income threshold for receiving ALL of your rebate check (for married couples filing jointly) is 150,000. After 150,000 adjusted gross income it will start to go down in terms of total rebate received eventually capping out to nothing after 175,000 (and this means if you make jointly 175,000 and have 10 kids you get nothing).

truedisneyfan
03-17-2008, 11:01 PM
We are in the last batch. I just wish they would have done it according to when you filed. We had to wait on the IRS to open since we had everything in the software ready to file before they started accepting them.

kimbac3
03-18-2008, 08:05 AM
Well we are DEF. WAY under $150,000. DH is the only one who works. I stay home. Last year I did go to college, and we claimed that on the taxes. DH only makes a little over $17,000 a yr. Which gives you the perfect example - military does not get paid enough! However, the calculator still says we're only getting $600! So Im really praying its wrong and we are getting that $1200!

I'm with you! we are way under $150,000 too. Same deal DH works and I'm a stay at home mom. Here's Pixie dust that we'll both get more than the calculator says pixiedust: pixiedust:

Kimba

Anjelica
03-18-2008, 08:55 AM
military does not get paid enough!

I am 100% behind you there. You do get paid a little more when you are in the middle of a combat zone but that's pretty small as well.

Anjelica
03-18-2008, 09:00 AM
it does say "up to" so maybe it doesn't mean full refunds so I am not sure exactly what that means:

To be eligible for a full rebate, single tax filers must have 2007 adjusted gross income (AGI) below $75,000 and joint filers must have AGI below $150,000.

Single filers with AGI below $75,000 will get rebates of as much as $600. Couples with AGI below $150,000 will receive rebates of up to $1,200.

In addition, parents will also receive $300 rebates per child under 17; there is no cap on the number of qualifying children eligible.

disneygirl_wdw
03-18-2008, 10:05 AM
I unfortunately will not be getting anything this year. Even through I met most of the qualifications, the letter that came in the mail says since I was filed as a dependent for 2007 I don't qualify. Which that doesn't make much sense, since I am over 17 my mom can't even get anything more on me. I think I might be able to next year. My husband is also getting $600, so that will help some. I really wanted to go on a cruise this year through or at least pay off my credit card. :rolleyes:

Lisa06468
03-18-2008, 10:08 AM
it does say "up to" so maybe it doesn't mean full refunds so I am not sure exactly what that means:

To be eligible for a full rebate, single tax filers must have 2007 adjusted gross income (AGI) below $75,000 and joint filers must have AGI below $150,000.

Single filers with AGI below $75,000 will get rebates of as much as $600. Couples with AGI below $150,000 will receive rebates of up to $1,200.



This is where everyone has been mislead. It reads to be eligible for a full rebate...below $75k.... well, DH made below $75k and we are not getting the full rebate. He was out on comp for 5 months. Had he worked the whole year - thus making his income higher on the tax return (but a little less than $75k) - we would have gotten the whole amount. Now, we are only getting about $1660, instead of $2100. Big difference in my eyes!!

Jalva22
03-18-2008, 11:09 AM
Anyone know how much longer a paper check mailing will take than direct deposit? Mine would be in my account by mid-May according to the schedule with direct deposit. However, I owed this year and submitted my return before seeing the advice about including direct deposit info on the return even if you owe. So mine will be by paper check.

Disney8704
03-18-2008, 12:00 PM
See thats a big condriction (sp?). How can it be both ways? Its either full rebate or up to $1200. One part cant say that joint filers will be eligible for full rebate and another part says up to $1200. So which is it?


it does say "up to" so maybe it doesn't mean full refunds so I am not sure exactly what that means:

To be eligible for a full rebate, single tax filers must have 2007 adjusted gross income (AGI) below $75,000 and joint filers must have AGI below $150,000.

Single filers with AGI below $75,000 will get rebates of as much as $600. Couples with AGI below $150,000 will receive rebates of up to $1,200.

In addition, parents will also receive $300 rebates per child under 17; there is no cap on the number of qualifying children eligible.

disneychrista
03-18-2008, 12:03 PM
If you only owed $490 you will only get a rebate of $490, not the full $600. Same for joint if you only owed/paid $1076, you will only get $1,076. Plus the full $300 for each dependent under 17.

If you did not owe/pay ANY tax but had at least $3,000 in income you only get $300 regadless of married/single and the $300 for any depedents under 17.

Disney8704
03-18-2008, 12:04 PM
But we didnt owe anything in taxes. Infact we got $791 back in taxes this year.

If you only owed $490 you will only get a rebate of $490, not the full $600. Same for joint if you only owed/paid $1076, you will only get $1,096. Plus the full $300 for each dependent.

Anjelica
03-18-2008, 12:26 PM
See thats a big condriction (sp?). How can it be both ways? Its either full rebate or up to $1200. One part cant say that joint filers will be eligible for full rebate and another part says up to $1200. So which is it?

I wouldn't say its a big contradiction because it says for the 600.00 portion "as much as".

As for the explanation the user gives regarding the partial rebates even if you don't meet the threshold actually makes sense. That is why the calculator is more extensive then "put your adjusted gross income in and bam".

disneychrista
03-18-2008, 12:29 PM
But we didnt owe anything in taxes. Infact we got $791 back in taxes this year.

But did you get back ALL that you paid in? Paying taxes does not mean you write out a check. You are paying through payroll deductions. I paid $1,206 but I also got back a refund because I paid in over that amount through my PR deductions.

LisaNJ25
03-18-2008, 12:43 PM
But did you get back ALL that you paid in? Paying taxes does not mean you write out a check. You are paying through payroll deductions. I paid $1,206 but I also got back a refund because I paid in over that amount through my PR deductions.

yep, what you said make sense...I was also wondering why mine was a little less. We paid $1073 for federal (not owed in addition like I think the other poster that responded though was ment). When I did the calculator online it says we are getting back 2273 which now makes sense :thumbsup2

Disney8704
03-18-2008, 01:24 PM
DH paid out $796 in federal income tax withheld and he got back the $796.

But did you get back ALL that you paid in? Paying taxes does not mean you write out a check. You are paying through payroll deductions. I paid $1,206 but I also got back a refund because I paid in over that amount through my PR deductions.

disneychrista
03-18-2008, 01:43 PM
DH paid out $796 in federal income tax withheld and he got back the $796.
Since you did pay/owe any tax you get $300 for earning income. I am guess since you are married you are each getting the $300.

timandlesley
03-18-2008, 01:54 PM
How does this work if you are married filing joint and one person makes the income and the other only made around 3000 not paying many federal taxes on that little amount? I am so confused!
Lesley

LisaNJ25
03-18-2008, 03:41 PM
How does this work if you are married filing joint and one person makes the income and the other only made around 3000 not paying many federal taxes on that little amount? I am so confused!
Lesley

I made 0 and we still got the correct amount.. just a little less like I put in the previous post. I believe its as long as the total payed into federal is over 1200 you get the whole 1200. It doesnt matter which one or you did or if it was combined

Did you try the link for the calculator where you go off your 1040?

angwill
03-18-2008, 03:46 PM
We made way under the max as well and infact owe $800 over the thousands we paid in taxes. We are only getting $300 per adult as well so $600 total for adults and $300 for our son. WooHoo I will get a whole $100 after I pay the $800 we owe. lol I thought that would be a good thing if we have to claim the rebate year like our account is telling us we have to but some here are saying it is not taxable?

ktnystrom
03-18-2008, 09:58 PM
Just in time for WDW vacation....woohoo!!!`:cool1:

Golf4food
03-19-2008, 11:14 AM
I've looked all over the IRS site and Turbo tax and can't find the answer to my question - anyone else know?:

We owed $360 extra this year so Turbo Tax didn't give us an option to enter direct deposit info when we filed a month ago - is there any way we can submit our direct deposit info now to get the rebate check DD instead of mailed? It will be over a month longer wait for the mailed dates vs. the DD dates and I'd much prefer earning interest on it over that extra month (to be used as a down payment on a vehicle in July/August)...

disneychrista
03-19-2008, 01:01 PM
My guess and it is only a guess is no.

ObsessedwiththeMouse
03-19-2008, 01:04 PM
Anyone know how much longer a paper check mailing will take than direct deposit? Mine would be in my account by mid-May according to the schedule with direct deposit. However, I owed this year and submitted my return before seeing the advice about including direct deposit info on the return even if you owe. So mine will be by paper check.

Here's the schedule for a paper check:

http://www.irs.gov/irs/article/0,,id=180250,00.html

Even though we had direct deposit this year, we just closed our checking account that it went to, so ours will be a paper check by July 11. As soon as I saw it was by the last 2 digits of the social, I knew we were in trouble. ;)

LisaNJ25
03-19-2008, 01:11 PM
DH paid out $796 in federal income tax withheld and he got back the $796.

Did you try the online calculator? My guess is that you will get back $796, the same that he paid in.

Disney8704
03-19-2008, 01:33 PM
Yeap. Tried it, and kept saying $600. Personally I dont think its fair that the only reason why we are getting less was because DH was deployed for 4 months. So thats 4 months of tax free pay. If he never got deployed, we would prob get the full $1200. Whenever DH gets deployed sure its nice to have no taxes coming out, but thats only $75 a month that he pays in taxes. I think IRS should look to see if you were deployed, how much would you have paid out in taxes if you didnt deploy, and then get that back in return. As much as DH and the rest of the military makes and all the sacrifies everyone has to make, its the least the IRS could do.

Oh and did you know why they are actually doing this whole package thing. Its help the economy - but guess in what department - electronics. President Bush basically said in a interview, that he wants people to spend their stimulus package money on electronics. Well unfortunatly for the president, our money is going to Disney.

Did you try the online calculator? My guess is that you will get back $796, the same that he paid in.

LisaNJ25
03-19-2008, 01:42 PM
Yeap. Tried it, and kept saying $600. Personally I dont think its fair that the only reason why we are getting less was because DH was deployed for 4 months. So thats 4 months of tax free pay. If he never got deployed, we would prob get the full $1200. Whenever DH gets deployed sure its nice to have no taxes coming out, but thats only $75 a month that he pays in taxes. I think IRS should look to see if you were deployed, how much would you have paid out in taxes if you didnt deploy, and then get that back in return. As much as DH and the rest of the military makes and all the sacrifies everyone has to make, its the least the IRS could do.

Oh and did you know why they are actually doing this whole package thing. Its help the economy - but guess in what department - electronics. President Bush basically said in a interview, that he wants people to spend their stimulus package money on electronics. Well unfortunatly for the president, our money is going to Disney.

LOL mine is not going to electronics either... more than likely towards bills and stocking the fridge.

I am glad your hubby made it home safe.

Jalva22
03-19-2008, 02:28 PM
Here's the schedule for a paper check:

http://www.irs.gov/irs/article/0,,id=180250,00.html

Even though we had direct deposit this year, we just closed our checking account that it went to, so ours will be a paper check by July 11. As soon as I saw it was by the last 2 digits of the social, I knew we were in trouble. ;)

Thanks for this!

Golf4food
03-19-2008, 02:29 PM
Electronics is not the goal, retail anything is the goal. They want the money going to retail items that spur the economy, and paying down debt does not do so, although it is usually the best idea. Ours will be pre-paying debt as we will use ours as part of our down payment on a new (used) vehicle later in the summer. The whole electronics angle is just that many people probably will use their rebate to buy a new TV or something - big ticket items like that that they might not be able to afford otherwise. I'm guessing that most people who don't use it to pay down debt will either buy a large item (probably electronic) or go on a vacation of sorts, Disney or otherwise.

pumpkinfish
03-19-2008, 03:07 PM
For those that owe, you can still input your bank routing info to get direct deposit.
This was taken from IRS website:

Q. If I'm not expecting a refund, should I still fill out the direct deposit line on my return so I can get my stimulus payment direct deposited?

A. Yes. Even if you aren't due a refund on your tax return, filling out the bank routing information will allow for your stimulus payment to be direct deposited.

disneychrista
03-19-2008, 05:04 PM
For those that owe, you can still input your bank routing info to get direct deposit.
This was taken from IRS website:
But that won't help if you have already filed, I am guessing.

mamalle
03-20-2008, 03:40 PM
thats exactly what turbo tax told me to do. I owe but will get the rebate so it asked my bank info. we do have to file by paper due to my self employment stuff but it does show up on our paperwork to file with the IRS..