DaKine Taxes » Tax Tools

Calculate Tax Rebate 2008

Admin — Thu, 28 Feb 2008 05:59:52 +0000

Here is a little tool I found to help calculate your tax rebate for 2008.

We are not responsible for content or the accuracy of tools provided by external sources.

Earned Income Credit

Admin — Sun, 13 Jan 2008 03:40:58 +0000

The earned income credit (EIC) is a tax credit for certain people who work, have a Qualifying Child and have earned income under $43,279 for the tax year 2009.

A tax credit usually means more money in your pocket by reducing the amount of tax you owe. The EIC in most cases gives you a tax refund.

What’s New

The Earned income amount has increased.

The maximum amount of income you can earn and still get the credit has also increased.

You may be able to take the credit if.

Earned Income and adjusted gross income (AGI) must each be less than:

* $43,279 (48,279 married filing jointly) with three or more qualifying children
* $40,295 ($45,295 married filing jointly) with two qualifying children
* $35,463 ($40,463 married filing jointly) with one qualifying child
* $13,440 ($18,440 married filing jointly) with no qualifying children

Tax Year 2009 maximum credit:

* $5,657 with three or more qualifying children
* $5,028 with two qualifying children
* $3,043 with one qualifying child
* $457 with no qualifying children

Investment income must be $3,100 or less for the year.

The following document (Publication 596) contains the Earned Income Credit Table or EIC Table which is also referred to by Earned Income Credit Chart or EIC Chart.

Download 2009 Publication 596 – 2009 Earned Income Credit The chart starts on page 46.

2008 IRS eFile Refund Cycle Chart

Admin — Wed, 28 Nov 2007 20:36:36 +0000

The IRS does not guarantee a specific date that a refund will be deposited into a taxpayer’s bank account.

IRS Acceptance Date (by 11:00 am) between…	Direct Deposit Sent*	Paper Check Mailed*
Jan 11 and Jan 17 2008	Jan 25, 2008	Feb 1, 2008
Jan 17 and Jan 24 2008	Feb 1, 2008	Feb 8, 2008
Jan 24 and Jan 31 2008	Feb 8, 2008	Feb 15, 2008
Jan 31 and Feb 7 2008	Feb 15, 2008	Feb 22, 2008
Feb 7 and Feb 14 2008	Feb 22, 2008	Feb 29, 2008
Feb 14 and Feb 21 2008	Feb 29, 2008	Mar 7, 2008
Feb 21 and Feb 28 2008	Mar 7, 2008	Mar 14, 2008
Feb 28 and Mar 6 2008	Mar 14, 2008	Mar 21, 2008
Mar 6 and Mar 13 2008	Mar 21, 2008	Mar 28, 2008
Mar 13 and Mar 20 2008	Mar 28, 2008	Apr 4, 2008
Mar 20 and Mar 27 2008	Apr 4, 2008	Apr 11, 2008
Mar 27 and Apr 3 2008	Apr 11, 2008	Apr 18, 2008
Apr 3 and Apr 10 2008	Apr 18, 2008	Apr 25, 2008
Apr 10 and Apr 17 2008	Apr 25, 2008	May 2, 2008
Apr 17 and Apr 24 2008	May 2, 2008	May 9, 2008
Apr 24 and May 1 2008	May 9, 2008	May 16, 2008
May 1 and May 8 2008	May 16, 2008	May 23, 2008
May 8 and May 15 2008	May 23, 2008	May 30, 2008
May 15 and May 22 2008	May 30, 2008	June 6, 2008
May 22 and May 29 2008	June 6, 2008	June 13, 2008
May 29 and June 5 2008	June 13, 2008	June 20, 2008
June 5 and June 12 2008	June 20, 2008	June 27, 2008
June 12 and June 19 2008	June 27, 2008	July 4, 2008
June 19 and June 26 2008	July 4, 2008	July 11, 2008
June 26 and July 3 2008	July 11, 2008	July 18, 2008
July 3 and July 10 2008	July 18, 2008	July 25, 2008
July 10 and July 17 2008	July 25, 2008	Aug 1, 2008
July 17 and July 24 2008	Aug 1, 2008	Aug 8, 2008
July 24 and Jul 31 2008	Aug 8, 2008	Aug 15, 2008
Jul 31 and Aug 7 2008	Aug 15, 2008	Aug 22, 2008
Aug 7 and Aug 14 2008	Aug 22, 2008	Aug 29, 2008
Aug 14 and Aug 21 2008	Aug 29, 2008	Sep 5, 2008
Aug 21 and Aug 28 2008	Sep 5, 2008	Sep 12, 2008
Aug 28 and Sep 4 2008	Sep 12, 2008	Sep 19, 2008
Sep 4 and Sep 11 2008	Sep 19, 2008	Sep 26, 2008
Sep 11 and Sep 18 2008	Sep 26, 2008	Oct 3, 2008
Sep 18 and Sep 25 2008	Oct 3, 2008	Oct 10, 2008
Sep 25 and Oct 2 2008	Oct 10, 2008	Oct 17, 2008
Oct 2 and Oct 9 2008	Oct 17, 2008	Oct 24, 2008
Oct 9 and Oct 16 2008	Oct 24, 2008	Oct 31, 2008
Oct 16 and Oct 23 2008	Oct 31, 2008	Nov 7, 2008
*The IRS does not guarantee a specific date that a refund will be deposited or mailed.

Taxpayer should wait at least three weeks from the time the electronic return is accepted by the IRS before checking the status of a tax refund. To check the status of a tax refund, call 1-800-829-4477 (toll free) or check the official IRS website www.irs.gov

2007 IRS eFile Refund Cycle Chart

Admin — Sat, 24 Nov 2007 07:39:23 +0000

Transmitted and accepted (by Noon) between:	Direct Deposit Sent	Paper Check Mailed
01/12/2007 and 01/18/2007	01/26/2007	02/02/2007
01/25/2007 and 02/01/2007	02/09/2007	02/16/2007
02/08/2007 and 02/15/2007	02/23/2007	03/02/2007
02/22/2007 and 03/01/2007	03/09/2007	03/16/2007
03/08/2007 and 03/15/2007	03/23/2007	03/30/2007
03/22/2007 and 03/29/2007	04/06/2007	04/13/2007
04/05/2007 and 04/12/2007	04/20/2007	04/27/2007
04/19/2007 and 04/26/2007	05/04/2007	05/11/2007
05/03/2007 and 05/10/2007	05/18/2007	05/25/2007
05/17/2007 and 05/24/2007	06/01/2007	06/08/2007
05/31/2007 and 06/07/2007	06/15/2007	06/22/2007
06/14/2007 and 06/21/2007	06/29/2007	07/06/2007
06/28/2007 and 07/05/2007	07/13/2007	07/20/2007
07/12/2007 and 07/19/2007	07/27/2007	08/03/2007
07/26/2007 and 08/02/2007	08/10/2007	08/17/2007
08/09/2007 and 08/16/2007	08/24/2007	08/31/2007
08/23/2007 and 08/30/2007	09/07/2007	09/14/2007
09/06/2007 and 09/13/2007	09/21/2007	09/28/2007
09/20/2007 and 09/27/2007	10/05/2007	10/12/2007
10/04/2007 and 10/11/2007	10/19/2007	10/26/2007
10/18/2007 and 10/25/2007	11/02/2007	11/09/2007

*The IRS does not guarantee a specific date that a refund will be deposited into a taxpayer’s financial institution account or mailed. Taxpayers should wait at least three weeks from the time the electronic return data is acknowledged as accepted by the IRS before checking the status of a refund.

To check the status of a refund, call TeleTax at 1-800-829-4477 (toll free) or go to www.irs.gov and click on “Where’s My Refund.”

Track Your Refund

Admin — Sat, 24 Nov 2007 04:17:07 +0000

Wondering where your refund is or when you can expect to recieve it?

The IRS should issue your refund check within six to eight weeks of filing a paper return. If you use e-file and you chose to receive your refund through direct deposit, you should receive it within a week. If you use e-file and a check, your refund should be issued between two and three weeks.

Track your Refund here.

2007 Federal Tax Rate Schedules

Admin — Sat, 24 Nov 2007 04:07:05 +0000

Note: These tax rate schedules are provided so that you can compute your federal estimated income tax for 2007. To compute your actual income tax, please see the instructions for 2007 Form 1040, 1040A, or 1040EZ as appropriate when they are available.

Schedule X — Single

If taxable income is over–	But not over–	The tax is:
$0	$7,825	10% of the amount over $0
$7,825	$31,850	$782.50 plus 15% of the amount over 7,825
$31,850	$77,100	$4,386.25 plus 25% of the amount over 31,850
$77,100	$160,850	$15,698.75 plus 28% of the amount over 77,100
$160,850	$349,700	$39,148.75 plus 33% of the amount over 160,850
$349,700	no limit	$101,469.25 plus 35% of the amount over 349,700

Schedule Y-1 — Married Filing Jointly or Qualifying Widow(er)

If taxable income is over–	But not over–	The tax is:
$0	$15,650	10% of the amount over $0
$15,650	$63,700	$1,565.00 plus 15% of the amount over 15,650
$63,700	$128,500	$8,772.50 plus 25% of the amount over 63,700
$128,500	$195,850	$24,972.50 plus 28% of the amount over 128,500
$195,850	$349,700	$43,830.50 plus 33% of the amount over 195,850
$349,700	no limit	$94,601.00 plus 35% of the amount over 349,700

Schedule Y-2 — Married Filing Separately

If taxable income is over–	But not over–	The tax is:
$0	$7,825	10% of the amount over $0
$7,825	$31,850	$782.50 plus 15% of the amount over 7,825
$31,850	$64,250	$4,386.25 plus 25% of the amount over 31,850
$64,250	$97,925	$12,486.25 plus 28% of the amount over 64,250
$97,925	$174,850	$21,915.25 plus 33% of the amount over 97,925
$174,850	no limit	$47,300.50 plus 35% of the amount over 174,850

Schedule Z — Head of Household

If taxable income is over–	But not over–	The tax is:
$0	$11,200	10% of the amount over $0
$11,200	$42,650	$1,120.00 plus 15% of the amount over 11,200
$42,650	$110,100	$5,837.50 plus 25% of the amount over 42,650
$110,100	$178,350	$22,700.00 plus 28% of the amount over 110,100
$178,350	$349,700	$41,810.00 plus 33% of the amount over 178,350
$349,700	no limit	$98,355.50 plus 35% of the amount over 349,700