Go Back  Airline Pilot Central Forums > Pilot Lounge > Money Talk
Every little bit helps.. >

Every little bit helps..

Search
Notices
Money Talk Your hard-earned money

Every little bit helps..

Thread Tools
 
Search this Thread
 
Old 03-20-2008, 07:55 AM
  #1  
Weekends off? HA!
Thread Starter
 
alarkyokie's Avatar
 
Joined APC: May 2006
Posts: 991
Default Every little bit helps..

Check from your rich uncle...

The Internal Revenue Service outlined Monday how your Social Security number will determine when you probably will get your economic stimulus check this spring or summer.
http://www.kansascity.com/business/story/535313.html
__________________
Seek to hear and learn.
"Any sufficiently advanced technology is indistinguishable from magic." A.C.C. rip
alarkyokie is offline  
Old 03-20-2008, 10:10 AM
  #2  
Chief Jeppesen Updater
 
FlyerJosh's Avatar
 
Joined APC: Oct 2005
Position: Executive Transport Driver
Posts: 3,080
Default

Yeah, but remember- it's not really a tax rebate- it's a tax advance. You will end up paying for it on your 2008 return.
FlyerJosh is offline  
Old 03-22-2008, 03:54 AM
  #3  
Furloughed Again?!
 
ZapBrannigan's Avatar
 
Joined APC: Aug 2007
Position: Boeing 737
Posts: 4,796
Default

Originally Posted by FlyerJosh View Post
Yeah, but remember- it's not really a tax rebate- it's a tax advance. You will end up paying for it on your 2008 return.
Huh? Explain please?
ZapBrannigan is offline  
Old 03-22-2008, 05:18 AM
  #4  
Chief Jeppesen Updater
 
FlyerJosh's Avatar
 
Joined APC: Oct 2005
Position: Executive Transport Driver
Posts: 3,080
Default

The rebates represent a 2008 tax cut. But instead of getting the tax cut next year, when you file your 2008 return, you'll get it this year.

Although you won't have to "repay" the rebate in 2008, it will most likely dramatically reduce the amount of your return when you file your 2008 taxes, just like the last rebate in the eary 2000's did.
FlyerJosh is offline  
Old 03-22-2008, 07:00 AM
  #5  
Gets Weekends Off
 
beis77's Avatar
 
Joined APC: Mar 2008
Position: 737 FO
Posts: 630
Default

I'm sure you'll have to pay taxes on the rebate though for 08... It's such CRAP IMHO that when you get a refund, that you have to pay taxes on your refund the following year. I'm sure the rebate is the same way.
beis77 is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
FLMD11CAPT
Cargo
22
02-22-2008 01:13 PM
POPA
Hangar Talk
0
02-05-2008 11:47 AM
Dadof6
Cargo
16
01-30-2008 06:56 AM
ToiletDuck
Hangar Talk
0
09-11-2007 06:30 PM
Delta102
Hangar Talk
0
11-18-2005 05:36 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices