Q&A: Is our IRS refund that we are supposed to be getting in May, really just a loan from our 2009 tax refund? | Tax Refund Loans 2009

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Tax Refund Loans 2009
by CarbonNYC

Query by danny m: Is our IRS refund that we are intended to be acquiring in May, actually just a loan from our 2009 tax refund?

Tax Refund Loans 2009

Finest reply:

Solution by James
no

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Comments on Q&A: Is our IRS refund that we are supposed to be getting in May, really just a loan from our 2009 tax refund? | Tax Refund Loans 2009 Leave a Comment

2011/03/04

Dont say i never told you! @ 9:26 pm #

no, its cold hard cash. Thats the way the bush boys do it.

Sandy @ 10:21 pm #

no.

“It’s not taxable, and it won’t reduce your 2007 or 2008 refund or increase the amount you owe when you file your 2008 return.”

go here and read…

http://www.irs.gov/newsroom/article/0,,id=179211,00.html

fitzpimlings @ 10:32 pm #

No…it is yours free and clear and has nothing to do with the taxes you will file in 2009. I did my taxes today on Turbotax and it explained it the same way.

Uno N @ 11:30 pm #

no, it’s a “stimulus refund” intended to urge you to go out and spend money which you don’t have and can’t afford. Here I’m conservative telling you that W is an A hole.

2011/03/05

Wonderputz @ 12:28 am #

No, it’s really just $ 185 billion in public funds that could be put to better use maybe by not putting it in the hands of people that aren’t going to do anything useful with it.

AK Dude @ 1:00 am #

Technically No; but Yes it will be. You will have to put that amount on your 2009 tax return. What the IRS and the FBI are trying to do is not stimulate the economy but rather find out who is doing what with their money and who files their taxes every year. Just to let You people know that it is a Class B misdemeanor to not file your taxes. So if you don’t then tell me where you live what will you be wearing the next day, your name and basically everything about you. I want to over crowd the FBI’s jails. E-MAIL ME

Booie @ 1:56 am #

Nope it’s yours free and clear.

ninasgramma @ 2:50 am #

For some people, for example some who file but don’t owe taxes, and some whose only income is Social Security, the stimulus payment is free money that never has to be paid back.

For those who pay income taxes, the tax rates have been reduced for 2008 only. The reduction in your 2008 taxes is being advanced to you, up to $ 600 per taxpayer. In addition, these taxpayers will receive an additional $ 300 per qualifying child.

In 2008, these benefits will still be available to those taxpayers who file taxes in 2008 and who were not eligible for the full benefits in 2007.

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