Quote:
Originally posted by LXAAlum
Geez. I guess in her eyes, I'm rich. I wish someone could have informed me that since I received a tax rebate (both times), that I'm "rich", since that's all it went too. For some reason, my creditors and potential creditors didn't get this information as well....
|
The rebate this summer was solely based on how many dependents you had under the age of 17 and it didn't go to anybody who made less than $26,000 in 2002. So, while you may not be rich, you are not below poverty level. My tax withholding from my pay check decreased by about $.32 per pay. That equals $8.32 per year plus the $400 rebate check I got for my daughter's child tax credit. If I didn't have a child to claim on my taxes, my taxes wouldn't have lowered by much!
Dee
ETA: I am anxious to get my numbers into Turbo Tax this year and really compare how much better off I am with the tax cut!