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To: AntiGuv
Who recieves refund checks? Only families with children?
13 posted on 08/20/2003 5:01:22 AM PDT by not-an-ostrich
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To: not-an-ostrich
Who recieves refund checks? Only families with children?

Without getting too technical, taxpayers with children that had adjustable gross income (the number at the bottom of the first page of the 1040) of between approximately $30,000 to $120,000, and have filed their 2002 tax return, will receive payment of $400 per child.

The $400 represents the difference between the new (accelerated) child tax credit of $1000 per child this year, vs. the $600 that was originally to be paid this year, before Pres. Bush signed the new tax bill.

I know I'm missing a few key points, but it's early, and I don't feel like looking up everything. You can find all of the info at the IRS web page.

17 posted on 08/20/2003 5:13:17 AM PDT by Night Hides Not
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To: not-an-ostrich
Unfortunately, yes. As a single mom,I supported my mom (who passed away) and my son (24)who also resided with me until a few weeks ago, on my measley salary. He has since graduated and moved to Florida. Regardless of the fact that I had the expenses and certainly met the salary caps, I was not eligible because of my son's age. Next year, I will have to file as single with no dependents...rather than head of household...afraid it's going to be ugly.
55 posted on 08/20/2003 8:22:28 AM PDT by GYPSY286
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