i think the catch for this is.....

at the end of the 08 year you will have to include this as
income so pretty much pay taxes on it

but it does help i guess....

Woo!

quote:

Originally posted by dr.mario i think the catch for this is..... at the end of the 08 year you will have to include this as income so pretty much pay taxes on it but it does help i guess....

nope.

Wanna know how much you're getting back?


http://www.irs.gov/app/espc

im getting audited this year damn!!!

quote:

Originally posted by DjWoody Wanna know how much you're getting back? http://www.irs.gov/app/espc

$600 woohoo

quote:

Originally posted by dr.mario im getting audited this year damn!!!

doh! Shouldn't have claimed Fido, Spot, and Fluffy as your kids

quote:

Originally posted by Orbital32 $600 woohoo doh! Shouldn't have claimed Fido, Spot, and Fluffy as your kids

haha i know i should have!! nah actually its a good thing im getting audited my ex claimed my son when he was actually living with me all of last year so cant wait to see her ass get penalized and have to pay all that cash back

finally the check that's supposed to balance out the loss of homeowner equity and inflation has arrived... the economy is back!!!

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quote:

Originally posted by dr.mario i think the catch for this is..... at the end of the 08 year you will have to include this as income so pretty much pay taxes on it but it does help i guess....

My understanding is it is not taxable.

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"Discipline is what the world needs today and etiquette, you know. For one of the noblest things a man can do is to do the best he can." Prince Far I

there's really no reason for anyone to be excited about this... you're not getting 600 free dollars, you're borrowing $600 from the fed, which will be paid back over several decades with interest in the form of federal income tax. yay! oh and the cumulative effect of this handout will do fuckall for the economy

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quote:

Originally posted by R!CH there's really no reason for anyone to be excited about this... you're not getting 600 free dollars, you're borrowing $600 from the fed, which will be paid back over several decades with interest in the form of federal income tax. yay! oh and the cumulative effect of this handout will do fuckall for the economy

yup knew there was some kind of catch....