Ask The Taxgirl: Will The Rebates Affect My Tax Due?
Taxpayer asks:
We thought we’d get an early start on taxes this year, but it didn’t happen. My husband and I used Turbo Tax to do our taxes (we also have two young children) and at first, it said that we owed $1200 or something like that. So, we waited until last minute to redo the taxes and now we’re getting $300 back. Is the stimulus economic refund check the reason we’re now getting a refund back? Not sure if this stiumulus refund check can affect us for this tax season already? Pls advise.
Taxgirl says:
Um… I’m not sure what happened but it is not be related to the rebate. The rebates will not affect your 2007 liability – you can read my prior post on 2007 liability and rebates here.
I’d run an error check and confirm your information – a $1500 difference is quite a difference if you didn’t change anything. But the difference is not related to your rebate.
Your rebate, assuming that you have no issues that would affect the amount, should total $1800.
Before you go: be sure to read my disclaimer. Remember, I’m a lawyer and we love disclaimers.
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Hi Taxgirl .I too use turbo tax .I love it I call the IRS they told me the 19th of May , it came and gone , Now they say What ? may 30th I can’t wait that long .