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Is there a new low income tax deduction this year? *I heard like $3600 ?!*

Posted by on Feb. 13, 2009 at 4:01 PM
  • 8 Replies

My fil said he heard that if you made less than $40,000-something last year you'd get a "low-income" tax deduction (aka extra money)... about $3,600

I haven't found anything about it yet, and we already did our taxes.. I just don't want to miss out on extra money!

by on Feb. 13, 2009 at 4:01 PM
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Replies (1-8):
21noahsmama21
by on Feb. 13, 2009 at 4:03 PM

No, not that I know of.  We didn't get any big tax deduction when we filed ours.  We just got the same as last year.

21noahsmama21
by on Feb. 13, 2009 at 4:04 PM

OH, and IF it DOES come out that you missed out, you can REFILE your taxes, an ammended tax return or whatever it's called.  W/O any penalties.

ValiVal
by on Feb. 13, 2009 at 4:05 PM

ok thanks : )

Quoting 21noahsmama21:

OH, and IF it DOES come out that you missed out, you can REFILE your taxes, an ammended tax return or whatever it's called.  W/O any penalties.


sunylori
by on Feb. 13, 2009 at 4:05 PM

I got less back this year than I did last year....

kcangel63
by Freebirther on Feb. 13, 2009 at 4:05 PM

The only one I've heard about is for the 'first time home owner' tax credit.



briana_paige
by on Feb. 13, 2009 at 4:08 PM

http://www.irs.gov/newsroom/article/0,,id=203139,00.html?portlet=2

I think this is what you are talking about, right?

deeburbrink
by on Feb. 13, 2009 at 9:08 PM

I believe he is referring to Earned Income Credit.  If you had your taxes done by a preparer, they would have told you if you qualified.

thisloveofmine
by on Feb. 13, 2009 at 9:27 PM

Yea SO got back a ton more then we expected because of this.

Quoting deeburbrink:

I believe he is referring to Earned Income Credit. If you had your taxes done by a preparer, they would have told you if you qualified.



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