Stimulus payment will NOT be taxable income! It's all yours to keep!

[Marilyn. 340]

When are the rebate checks going to start coming in the mail?

may

[eau_xplain 2]

oopss...not coming up properly.

Check here for the schedule

Edited March 24, 2008 by eau_xplain

[mawilson 2,133]

no commas or decibel points...

I tried screaming at it but it didn't accept my decibels.

[Marilyn. 340]

darn we won't be getting ours until July

no commas or decibel points...

I tried screaming at it but it didn't accept my decibels.

I am still waking up

[mawilson 2,133]

for crying out loud...the calculator is not accepting my figures.

Marilyn,

Apparently, you're not the only one who tried decibels

[lucyrich 20]

Its not about penalizing the legal resident vs an illegal. Its about penalizing a joint tax return as a basis for not cutting a stimulus check. And even that is inaccurate as we clearly defined that being legal, with an SSN, the stimulus check applies. So no issue for those that were confused by the language on the IRS calculator and were in the situation described previously.

What's confusing about the calculator? It says that if you have one ITIN on a joint return, you get zero payment. That's absolutely correct. It's correct according to all of the information on the IRS website. And the IRS is just doing what Congress told them to do. They didn't make the rules up.

I also checked the actual law as passed by Congress. It's available from Thomas.gov.

(h) Identification Number Requirement-

(1) IN GENERAL- No credit shall be allowed under subsection (a) to an eligible individual who does not include on the return of tax for the taxable year--

(A) such individual's valid identification number,

(B) in the case of a joint return, the valid identification number of such individual's spouse, and

© in the case of any qualifying child taken into account under subsection (b)(1)(B), the valid identification number of such qualifying child.

(2) VALID IDENTIFICATION NUMBER- For purposes of paragraph (1), the term `valid identification number' means a social security number issued to an individual by the Social Security Administration. Such term shall not include a TIN issued by the Internal Revenue Service.'.

Congress, wise or not, fairly or unfairly, decided that no rebate would go to someone who files a joint return unless the joint return contains a valid SSN for both spouses.

[Marilyn. 340]

for crying out loud...the calculator is not accepting my figures.

Marilyn,

Apparently, you're not the only one who tried decibels

umm, my post was in response to hers, silly

[HAL 9000 96]

Its not about penalizing the legal resident vs an illegal. Its about penalizing a joint tax return as a basis for not cutting a stimulus check. And even that is inaccurate as we clearly defined that being legal, with an SSN, the stimulus check applies. So no issue for those that were confused by the language on the IRS calculator and were in the situation described previously.

What's confusing about the calculator? It says that if you have one ITIN on a joint return, you get zero payment. That's absolutely correct. It's correct according to all of the information on the IRS website. And the IRS is just doing what Congress told them to do. They didn't make the rules up.

I also checked the actual law as passed by Congress. It's available from Thomas.gov.

(h) Identification Number Requirement-

(1) IN GENERAL- No credit shall be allowed under subsection (a) to an eligible individual who does not include on the return of tax for the taxable year--

(A) such individual's valid identification number,

(B) in the case of a joint return, the valid identification number of such individual's spouse, and

© in the case of any qualifying child taken into account under subsection (B)(1)(B), the valid identification number of such qualifying child.

(2) VALID IDENTIFICATION NUMBER- For purposes of paragraph (1), the term `valid identification number' means a social security number issued to an individual by the Social Security Administration. Such term shall not include a TIN issued by the Internal Revenue Service.'.

Congress, wise or not, fairly or unfairly, decided that no rebate would go to someone who files a joint return unless the joint return contains a valid SSN for both spouses.

Ask the folks that were confused by it.

I don't know where it was that I was arguing about it. Maybe you can clarify?

As for Congress, well, that's their job.

[simple_male 1]

no commas or decibel points...

I used that calculator and it worked for me. Don't use any comma when you enter the whole amount. Do not use any demical point either.

[Trumplestiltskin 5,791]

Totally O/T but I wonder if Eliot Spitzer's "Stimulus payment" was taxable income