Apr
30
Economic Stimulus Payment - Child Support Questions
April 30, 2008 | 246 Comments
… questions about the Economic Stimulus Payment keep coming up. Some of the most common involve child support. The questions fall into two categories: owing and receiving child support.
If You or Your Spouse Owes Child Support
The IRS will withhold your payment up to the full amount, if you owe back child support. If you file a joint return and one spouse owes child support the IRS can withhold the entire tax refund and the stimulus payment. Again, the IRS will take the …
Comment by marsha: I posted awhile back on this forum…and I did get the …
Jun
16
IRS Withholds $842 Million in Stimulus Payments
June 16, 2008 | 15 Comments
… payments have been withheld from 1.5 million people. Over 50% of the money has gone for back child support .
About 54% of the cash intercepted will be funneled to states for child support, according to Dean Balamaci, a U.S. Treasury Department official. "We are really proud of that," he added.
Of the remaining money most will go to student loans and back taxes.
How Do You Know if Your Money is Withheld?
You should receive a notice (letter) from the IRS stating …
Comment by Teresa: … that owe for back child support. These people have …
May
29
Where Is My Stimulus Payment?
May 29, 2008 | 107 Comments
… In that case, you can claim a tax credit next year.
Did you (or your spouse) owe money for back taxes?
If you owe the IRS money, they are going to take it out of your stimulus check.
Did you (or your spouse) owe money for Child Support?
If you or your spouse owe child support the IRS can deduct this money from your stimulus check. If your spouse owes the money you can file an injured spouse form to claim your half. See this article for other child support questions. …
Comment by Kelly: … 6th.. with all the back and forth with the IRS.. I finally …
May
23
… they were supposed to get according to the IRS web site. Some people have questions relating to child support or other debts owed to the government. Many people are searching the internet because they don't know how to contact the IRS by phone.
The IRS stimulus phone number is harder to find than it should be. In fact it took me a few minutes on Google to find it. I'm publishing it here so everyone has it. It's the first number in the table below.
Contacting the IRS By Phone …
Comment by dirk todd: … Do you owe any Child Support or any related past …
May
9
… stimulus payment ? Will the IRS keep it all even though part of that money is for me and my children?
The IRS Will Keep Your Money
The IRS can keep your stimulus money (and tax refund) if you owe money to the government. The IRS will shoot first and ask questions later. So if your spouse owes money to the government and you file jointly, the IRS can/will take out the money it's owed before sending your refund or payment.
Keep this in mind if you are married filing jointly. …
Comment by Mary Anne: … check toward my back taxes. I sent them a letter - …
May
7
… (See the phaseout details here )
Getting Married or Divorced
Having a baby
Adopting a child
So if any of these change you eligibility for the payment can change.
So How Do I Get My Money in 2009?
The IRS will include a worksheet on 2008 tax returns. The worksheet will help you calculate if you are eligible for a tax credit on your 2008 taxes.
Can I Get My Money in 2008?
If you didn't file taxes or you weren't eligible at the time you filed, you'll have to …
May
6
… Because this is just an estimate, your actual payment amount may vary. For instance if you owe child support or back taxes, the government (IRS) will take the amount you owe out of your stimulus payment. You'll get what's left over, if there is anything.
How is Your Payment Determined?
I've covered some of the details of the economic stimulus package before. However, because I still get a lot of questions, I'll cover it again.
First - Do You Qualify?
First of all, you have to …
Comment by Chris: … to the government (back taxes, etc)? If not then you may …
May
3
IRS Economic Stimulus Payment Article Index
May 3, 2008 | 9 Comments
… with your tax rebate and how that affects your stimulus payment.
Economic Stimulus Payment - Child Support Questions
Child Support is always a controversial topic. Depending of it your owe it, are trying to collect it or are married to someone who owes it, you are affected by the stimulus payment in different ways.
H&R Block Emerald Card Economic Stimulus Payment Questions
Those who got their refunds on their H&R Block Emerald Cards had a lot of questions. Again this …
Apr
17
IRS Stimulus Payment - Questions and Answers
April 17, 2008 | 415 Comments
… tax liability).
The most any one individual will receive is $600.
If you have one or more children under 17 you may receive $300 for each of those children.
If your adjusted gross income is over $75,000 (single) or $150,000 (filing jointly) your stimulus payment will be reduced. The reduction is 5% of the amount over the $75,000/$150,000 limit.An example from the IRS site:
An individual with AGI of $80,000 and federal income tax liability in excess of $600 would qualify …
Comment by Chris: … the IRS, then any back taxes will be withheld from your …
Mar
28
IRS Economic Stimulus Payment Details
March 28, 2008 | 247 Comments
… According to the IRS, “[t]he payment, including the basic amount and the amount for qualifying children, will be reduced by 5 percent of the amount of income in excess of $75,000 for individuals and $150,000 for those with a Married Filing Jointly filing status.” So the more income you have over the limit the less of a payment you will receive. Rich people don’t need government money right? (Just kidding)
Dependants
Children and other dependants do not qualify directly. …
Comment by Chris: Peggy, If your child can be claimed as a dependent AND …