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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Has anyone else received a IRS letter saying your Stimulus Payment is "under review"?
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Poster Handle
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BriZzNiTcH |
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Post Content
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Here's what a lot of people didn't know, which is stated on the letter i just got:
"However, if the net income tax liability on your 2007 return is less than $300 and you had $3,000 or more in qualifying income, the amount of your stimulus is $300."
Quoting: BriZzNiTcHFor instance. my boyfriend only paid $625 in taxes last year, and made $6600. He claimed our other child, so he ended up getting back almost $3000 even though he only paid $625!! So it means he didnt pay ANY taxes, he got back more than he paid in. Because the tax liability is LESS than $300... his stimulus is only $300 NOT the $600 everyone thinks they are getting per person! That is why people are getting less than they thought! Low income people who have kids, usually get back MORE than they paid in taxes!
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