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Topic: Do we get money back too?  (Read 1416 times)

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  • Paul & Terri O'Neale
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Do we get money back too?
« on: February 07, 2008, 08:30:55 PM »
If this tax rebate thingy passes in the US, do us Americans living outside the US qualify too?
Terri P O'Neale


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Re: Do we get money back too?
« Reply #1 on: February 07, 2008, 11:40:39 PM »
It's based in part on what you owed in 2006 and what you will owe in 2007.  Most overseas taxpayers owe nada because they're getting lots of tax breaks already for being overseas.  If you owe nada, you gets nada.  Unfortunate.
Liz Z i t z o w, EA
British American Tax


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Re: Do we get money back too?
« Reply #2 on: February 08, 2008, 09:25:55 AM »
Maybe I'll be lucky then because I came half way through the year last year so I actually got back a sizable refund.
Terri P O'Neale


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Re: Do we get money back too?
« Reply #3 on: February 08, 2008, 10:09:27 AM »
Sounds like you could be a winner!  Good luck.
Liz Z i t z o w, EA
British American Tax


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Re: Do we get money back too?
« Reply #4 on: February 08, 2008, 10:44:59 AM »
There is a trick to the legislation so that if you file your 2007 return correctly you can arrange to get a refdund even if you are overseas.   You may want to speak with a tax adviser on this...


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Re: Do we get money back too?
« Reply #5 on: February 08, 2008, 12:09:42 PM »
It is stalled in the Senate right now anyway.  Isn't it?


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Re: Do we get money back too?
« Reply #6 on: February 08, 2008, 12:12:19 PM »
The news last night said they had reached a compromise and that it could be on Bush's desk for signing by next week. Since we are going to America in April it would be nice...I even promise to spend it there to help the US economy like they want. LOL!
Terri P O'Neale


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Re: Do we get money back too?
« Reply #7 on: February 08, 2008, 12:41:49 PM »
I saw online today that the $300 per child is for those under 17.  Mine is 17, so I'm probably out of that much luck.   :\\\'(


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