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02-17-2009, 07:59 AM
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#26
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Join Date: Aug 2004
Location: West Milford, NJ
Posts: 2,127
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Quote:
Originally Posted by JL8Jeff
Just don't make the mistake of reporting last year's $600 stimulus check as income since it shouldn't taxable. I think I'm getting around $1400 back this year as they overtaxed some of my stock options I cashed in.
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Turbotax asked for the information, but I'm pretty sure it wasn't included in the income section. I think it was used for verification that it was me/us filling out the stuff.
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02-17-2009, 06:21 PM
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#27
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Join Date: Aug 2004
Location: West Milford, NJ
Posts: 2,127
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Quote:
Originally Posted by Tru2Chevy
No, the new stimulus package is bumping it from 7,500 to 8,000 and nixing the repayment, turning it into a true credit. Trust me - I've been on top of it 
- Justin |
Just an FYI, I just read that you had to have purchased after Jan 1st, 2009 to get the new tax credit. Otherwise, you're still under the old credit, which has to be repaid.
http://www.federalhousingtaxcredit.com/
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02-17-2009, 06:25 PM
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#28
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11 second club / Moderator
Join Date: Aug 2004
Location: West Berlin, NJ
Posts: 7,148
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just got mine direct deposited. Aboult half of it is goen already with online bill paying
__________________
2001 Trans Am WS6 •SLP Loudmouth II •UMI Suspension •12.857 @ 109.57
1996 Trans Am WS6 •Pacesetter Longtubes •Strange 12 Bolt •Spohn Suspension •11.152 @ 123.85
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02-17-2009, 06:28 PM
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#29
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Co-Founder / Site Admin
Join Date: Jul 2004
Location: Ewing, NJ
Posts: 22,476
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Quote:
Originally Posted by ****OnWheels
Just an FYI, I just read that you had to have purchased after Jan 1st, 2009 to get the new tax credit. Otherwise, you're still under the old credit, which has to be repaid.
http://www.federalhousingtaxcredit.com/ |
Yea, I just read that too, about an hour ago. Bummer 
News articles and other things I read over the weekend made it sound like it was gonna be retroactive back to April, to cover the other credit.
- Justin
__________________
1999 Camry - Beigemobile DD
2002 Suburban - Wife's DD
2004 Grand Cherokee - Not running / Project / Selling?
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02-17-2009, 06:31 PM
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#30
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Join Date: Aug 2004
Location: West Milford, NJ
Posts: 2,127
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Quote:
Originally Posted by Tru2Chevy
Yea, I just read that too, about an hour ago. Bummer
News articles and other things I read over the weekend made it sound like it was gonna be retroactive back to April, to cover the other credit.
- Justin |
A lot of people are pissed about it. Someone closed on Dec 22...missed it by about a little more than 2 weeks...and what about us non-first time home buyers? Why can't we get an incentive for buying in the crappy market? 
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02-17-2009, 09:33 PM
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#31
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Join Date: Mar 2007
Location: Haddon Heights NJ
Posts: 133
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im getting back $1630 !!!! going right towards insurance since its $300pmonth wow
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02-19-2009, 01:52 AM
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#32
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Join Date: Aug 2007
Location: Long Branch NJ
Posts: 706
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I get 500 bucks back. Dont you guys know how to put a 2 on the w4 form! lol. The last 2 years ive been under 0 income status tho. I made less than 8000 I made a lot more the last 2 years before cause i was doing 55 hour weeks at dominos for 2 years. The OT really adds up...lol
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Formerly known as REED!
JSFBOA
Draino?
Last edited by HeadlessNorseman; 02-19-2009 at 01:53 AM.
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