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Was the 2009 one time payment $250 payment a loan? What are your thoughts?

My husband had his taxes filled out and it had on there if you/r spouse recieved the one time only payment and my husband said yes my wife did. We was supposed to have to back about 2500 now it is $250 less now. When my husband called h&r about this they said that whoever got the one time payment is expected to pay it back. Seriously how was that helping out with anything and how is senoirs (people who don't need to file income tax) how are they suppose to pay it back.


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Anonymous

Asked by Anonymous at 2:09 PM on Jan. 26, 2010 in Politics & Current Events

Answers (27)
  • UNBELIEVABLE.

    mustbeGRACE

    Answer by mustbeGRACE at 2:12 PM on Jan. 26, 2010

  • It was an advance of a new credit. So you're not really paying it back. You are actually get the rest of the 800 dollar credit for this year.
    heatheryn

    Answer by heatheryn at 2:15 PM on Jan. 26, 2010

  • Alot of people will have to pay back that extra in their pay checks too. That is one reason we are glad DHs company did NOT do that.
    Anonymous

    Answer by Anonymous at 2:16 PM on Jan. 26, 2010

  • It was not a loan, you do not pay it back.
    older

    Answer by older at 2:16 PM on Jan. 26, 2010

  • I agree with heatheryn I don't think your actually paying it back.
    my4loves3

    Answer by my4loves3 at 2:17 PM on Jan. 26, 2010

  • Without knowing specifics of your personal case~ it could have possibly been this:


    Millions of Americans enjoying their small windfall from President Barack Obama's "Making Work Pay" tax credit are in for an unpleasant surprise next spring. The government is going to want some of that money back.

    grlygrlz2

    Answer by grlygrlz2 at 2:32 PM on Jan. 26, 2010

  • or possibly this


    As part of last year's stimulus package, many American's received extra money in their paychecks. But approximately 15 million taxpayers will have to repay between $250-$400 of the tax credit they received. To avoid getting a nasty surprise when you file, use the IRS Schedule M to determine whether or not you will have to repay Uncle Sam.

    grlygrlz2

    Answer by grlygrlz2 at 2:32 PM on Jan. 26, 2010

  • [AP]WASHINGTON - More than 15 million taxpayers may owe the government $250 or more because of how the IRS last spring set up President Barack Obama's tax break that was designed to help consumers spend the U.S. economy out of recession.



    Individuals with more than one job and married couples in which both spouses work may have to repay the government $400, either through a smaller tax refund or a larger tax bill, according to a report released Monday by the Treasury Department's inspector general for tax administration. Social Security recipients who also earn taxable wages may have to repay $250.


    grlygrlz2

    Answer by grlygrlz2 at 2:35 PM on Jan. 26, 2010

  • It was not a loan, you do not pay it back.

    The tax code says you're wrong.
    Anonymous

    Answer by Anonymous at 2:42 PM on Jan. 26, 2010

  • It wasn't exactly a gift from the government. It's amazing how many people didn't know that. If you owe taxes at the end of the year, you will have to pay. If you get a refund, it will be taken out of your refund.

    Either way, it will be a nasty little surprise for many Americans.
    mancosmomma

    Answer by mancosmomma at 3:03 PM on Jan. 26, 2010

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