Comments on: 130 Million People Will Get Tax Rebates…Will You? You won’t, if…

By: Denise Sposato, H&R Block

Denise Sposato, H&R Block — Wed, 23 Jul 2008 14:51:00 +0000

Ripped…
I understand your frustration. As you now know, both individuals listed on a Married Filing Jointly (MFJ) return must have valid Social Security Numbers to qualify for the tax rebate. The IRS has determined that anyone who does not have a valid Social Security Number, including those who file using an Individual Taxpayer Identification Number (ITIN), an Adoption Taxpayer Identification Number (ATIN) or any other identification number issued by the IRS is not eligible for the rebate.

It’s too late, but a possibility might have been for you to file using the status Married Filing Separately (MFS) since you do have a valid Social, but the overall tax liability you and your wife may have paid on separate returns may have exceeded your tax rebate.

By: RIPPED

RIPPED — Wed, 23 Jul 2008 12:44:06 +0000

Great, another way to keep me from my benefits. My wife has an ITIN but me and my kids have ss#’s WHAT A SCAM

By: How To “Automagically” Change Your $2,100 Tax Stimulus Check Into $2,310 In Seconds! | My Investing Blog

Sat, 03 May 2008 08:03:15 +0000

[...] may want to subscribe to my RSS feed or get the blog in your email! Thanks for stopping by!So the tax stimulus rebate checks are coming and everyone is trying to get a piece of the pie. I wrote an article yesterday about car [...]

By: What WON’T Car Salesmen Do To Get Your Cash? | My Investing Blog

What WON’T Car Salesmen Do To Get Your Cash? | My Investing Blog — Fri, 02 May 2008 08:07:38 +0000

[...] marketing coming to these days? I don’t imagine Bush crafted up the idea of the Economic Stimulus package to stimulate cars salesmen banking accounts, but I could be [...]

By: Denise Sposato, H&R Block

Denise Sposato, H&R Block — Fri, 25 Apr 2008 15:27:59 +0000

Malissa:
There’s been some confusion around this issue so let me see if I can help clear it up.

If you had your taxes prepared at an H&R Block tax office and had your federal tax refund put on an Emerald Prepaid MasterCard, you will receive a Direct Deposit of the Tax Rebate payment on the Emerald Card account.

However, if you received a bank product that involved a temporary bank account with the Emerald Card, the account will not be considered a viable account for Direct Deposit by the IRS. Bank products include Refund Anticipation Loans, Refund Anticipation Checks, Simple Pay and other settlement products.
You will then receive your Tax Rebate payment as a mailed check from the IRS.

The schedule for both Direct Deposits and mailed checks is based on the last two digits of the Social Security Number, and for joint returns, it’s the first Social Security Number listed on the return.

For the IRS schedule for the distribution of the Tax Rebate, please check out http://www.digits.hrblock.com, “When Will I Receive My Refund?”

By: Malissa

Malissa — Fri, 25 Apr 2008 03:08:43 +0000

I have this h &r block debit card. According to them its a checking account/ savings. Will the tax rebate be directly deposited to that?

By: Denise Sposato, H&R Block

Denise Sposato, H&R Block — Wed, 12 Mar 2008 01:26:55 +0000

Art, the good news is that the tax rebate is based on your Adjusted Gross Income (AGI), not on your withholding. For individuals, the tax rebate could be worth up to $600 with an AGI of up to $75,000 and $1200 for couples filing joint returns with an AGI up to $150,000. An additional rebate is available for families of $300 per qualifying child.

Tax rebates are reduced by five percent for each $1,000 of AGI over $75,000 for individuals and $150,000 for joint returns. For taxpayers without children, the maximum payment is fully phased out at $87,000 and at $174,000 for joint filers. In other words, if you’re an individual with an AGI of $87,000 and above or a joint filer with an AGI of $174,000 and above, you are not eligible for the tax rebate.

By: Jesse

Jesse — Tue, 11 Mar 2008 22:22:19 +0000

To whichever poster was asking above: you shouldnt have to do anything extra to get the rebate: the IRS is automatically distributing it.

By: Art S15

Art S15 — Mon, 10 Mar 2008 21:37:55 +0000

Is the rebate based on your amount you’re with holding in the first place?
I mean, I’m always told, as a good investor, to NOT want a refund at the end of the year by keeping my w-4s set up so that I get the most out of every paycheck.

By: Jeff Benter

Jeff Benter — Mon, 10 Mar 2008 18:58:55 +0000

ah – perfect, thanks!