Friday, December 25, 2009

Do both couples have to work in this economic stimulus package to get something back?

I work and my wife is a stay at home mother. I make less than 75,000 a year.





I have 6 kids. Can someone break it down for me?





Does my wife get any credit because she does not work or is it only me?Do both couples have to work in this economic stimulus package to get something back?
Just like filing your joint income tax, it doesn't matter if only one spouse had income.





If you file jointly, you would receive $1200, plus an additional $300 per child, for a total of $3000.





Nothing has passed Congress yet, so it is subject to change.Do both couples have to work in this economic stimulus package to get something back?
Married couples with income of up to $150,000 will get a rebate of between $600 to $1200. (Yours looks to be $1200.)


In addition, for those who qualify for a rebate (and you and your wife do) you will receive an additional $300 per child. That means an additional $1800 for you.





You should receive a total rebate of $3000. Enjoy!
it will be for both of you, even though she does not work. you should also get a check for each of your children, tho they are still arguing about that part. Not everyone will get the full $600 per adult. that depends on how much you made last year.
The rebates depend on a married couple's joint adjusted gross income, not on whether both parents are working.

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