Why is the IRS std. deduction for singles only 5350? Shouldn’t it increase at the same % your income increases

October 31st, 2009
Joe . asked:


Exactly how is it figured. I assume it is tied to inflation or something or only goes up by a few % points each year, but how is that right that your income goes up by 50%, but your deduction only goes up by 5%.

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Posted in United States | 2 Comments »

does anyone know if you get the new $600 singles taxes if you are on ssi?and if so how do you file for that?

May 11th, 2009
babyblue77c4ever asked:


even if you dont work?

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Posted in United States | 4 Comments »

do singles who receive SSD get the new tax rebate?

March 30th, 2009
jerzey GRL asked:


i hear diff answers all the time so i have no clue

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Posted in United States | 4 Comments »

Does anyone know the new Stimulus package, the tresholds up to 75K for singles, is that based on gross income?

January 4th, 2009
zooks8 asked:


Or is based on an amount after deductions, etc? I heard the # was based on line 43 or 44 on the 2007 tax returns. Also what if you claim “head of household″? Is that considered the single # or married? The articles don′t say.

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Posted in United States | 1 Comment »

No refund for singles with no children?

December 6th, 2008
fred f asked:


I am single, have no children and made $70,000 in 2007. I started to do my taxes with Turbotax and it looks like I will end up owing. Does that sound normal or am I missing something?

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Posted in United States | 6 Comments »

Will we get paid as singles or as a couple?

November 10th, 2008
williambahl asked:


I have read several articles regarding the tax rebate scheme. My wife only made $2500 last year. Several of the articles indicate that couples will receive up to $1200. Is there any way to tell if a couple receives the $1200 simply by virtue of the fact that both people worked in 2007?

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Posted in United States | 4 Comments »