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Posted by Billy on February 11, 2008, 7:56 pm
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> "Billy" wrote:
>
>>> If they file a joint return it will be based on the joint return
>>> information. There's no need that both spouses have taxable income in
>>> order to receive the full amount.
>
>>>Not clear on ans. Will the disbled Vet get both pmts? Thus making 3 pmts
>>>to the couple?
>
> No. Assuming no children under 17, the couple will get a maximum of $1200
> and a minimum of $600. That minimum requires $3000 of one spouse's earned
> income and $3000 of the disability pension.
>
> Nothing has been announced yet about how people who don't have to file tax
> returns will be identified. In the meantime, if you file a joint return
> and the Income Tax after Credits is at least $1,200 on your 2007 return,
> you'll get $1,200.
> --
> Phil Marti
> Clarksburg, MD
A whole lotta poeple dont pay much in tax after the credits, based on your
response, they won't see a dime even though they work. Child Tax Credit and
EIC wipe out a lot of liability.
bill
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