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    2008 - Wikipedia, the free encyclopedia
  • 2008 (MMVIII) was a leap year that started on Tuesday of the Common Era (or Anno ... 14 – September 14 - Expo 2008 is held in Zaragoza, Spain, ... Beijing 2008 ...
  • http://en.wikipedia.org/wiki/2008
Questions/Answers
2008????????
Well side-bangs was the hair style for 2007. So what do you think the hair style for 2008 will be?? Links please! I don't follow the trends! I was just wondering!
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Bald.
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Is the 2008 rebate checks thatwe ae about to receive reallyan advanced payment for my2008 tax refund?
Or is the 2008 rebate payment going to be a new tax credit for 2008? How exactly will this effect my 2008 tax filing?
Yes, the rebate is an advance on your 2008 Federal Income Tax. According to the Economic Stimulus Act of 2008, taxes will be cut in 2008 from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers. It's like a one time tax cut for 2008, but you get the rebate now instead of waiting to file your 2008 taxes. The 2008 tax forms should have a line for the new credit. When calculating taxes next year, taxpayers will have to subtract what they got as a rebate check the previous summer. One thing taxpayers won't have to worry about is giving back any excess if their 2008 taxes show that the advance this year was actually more than they should have received. The law says the IRS can't recover the extra payment by reducing your 2008 refund or adding to your 2008 tax bill.
What happens to the 2008 taxrebate advance if I end upowing taxes on my 2008 return?
So, I normally owe about $500 in taxes after I do my return each year. If I get the $600 check, will I end up owing $1,100 (my normal $500 plus that $600 advance) in taxes for 2008 or will it still be closer to my regular $500 owed?
As far as we know, they are not going to make us pay it back next year. But also as far as we know there has not been an official determination, they could possibly, make us pay it back, if they don't think we put enough of it back into the economy, since that's what they want us to do, to "Stimulate" the economy. But I don't think it's very likely. However, the stimulus tax rebate can be used to pay off what you owe for this year. If you haven't paid off the $500 by the time the stimulus payment is issued they will most likely take most of it to pay off your debt and you would get what's left (if any). I worked for my brother-in-law who is a tax accountant and many people had similar questions this year
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