tax credit? | Tax Credit

1
Tax Credit
by truliavisuals

Query by MIMI S: tax credit score?
My sister acquired dissability and 2 young children stay with her (she is separate with ex) So,can she get tax credit again? Thank you

Tax Credit

Best reply:

Solution by dylansmom25
not adequate information.. if she produced at least three,000 very last yr and paid taxes then she will get some of it back again.

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2011/02/23

Richard M @ 7:55 am #

You need earned income of at least $ 3000 to get the minimum rebate of $ 300.

While the rebate depends on your 2007 income, it is actually a rebate toward your 2008 taxes. According to the proposed plan, in 2008, taxes would be cut from 10 percent to zero percent on the first $ 6,000 dollars of taxable income for individual taxpayers.

It’s like a one time tax cut for 2008, but you get the rebate now instead of waiting to file your 2008 taxes. Because this is an advance payment on your 2008 taxes, your refund next year could be more (or less!) depending on your 2008 income.

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