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  2. IRS plans to pay 1 million taxpayers up to $1,400. Here's how ...

    www.aol.com/irs-plans-pay-1-million-192327433.html

    The payments are only going to taxpayers who qualify for the 2021 Recovery Rebate Credit — particularly individuals who filed a 2021 tax return but who did not claim the Recovery Rebate Credit ...

  3. IRS sending out $2.4 billion worth of stimulus checks: Are ...

    www.aol.com/irs-sending-2-4-billion-183615644.html

    U.S. taxpayers may be in line to receive a stimulus check by the end of January if they did not claim the Recovery Rebate Credit on their 2021 tax return, the Internal Revenue Service (IRS) announced.

  4. IRS says 1 million taxpayers will get up to $1,400 rebate - AOL

    www.aol.com/irs-says-1-million-taxpayers...

    The Internal Revenue Service (IRS) said around 1 million taxpayers will get up to $1,400 in a rebate in the coming weeks. The automatic payments, which are set to go out later this month, will be ...

  5. Economic Stimulus Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Economic_Stimulus_Act_of_2008

    For example, a single parent whose 2007 adjusted gross income was $90,000, paid more than $600 in 2007 taxes and had two qualifying children received a rebate of $450. The IRS added together a $600 rebate for the parent and $600 for the two children to get $1,200, then subtracted the phaseout reduction of $750 ($50 for each $1,000 income above ...

  6. Alternative minimum tax - Wikipedia

    en.wikipedia.org/wiki/Alternative_minimum_tax

    Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. [9] The alternative minimum taxable income (AMTI) is calculated by taking the taxpayer's regular income and adding on disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax deduction, foreign tax credits, and ...

  7. Tax refund - Wikipedia

    en.wikipedia.org/wiki/Tax_refund

    In India, there is a provision of refund of excess tax along with interest. For claiming a refund one has to file the income tax return within a specified period. However, under Sections 237 and 119(2)(b) of the Income Tax Act, the Chief Commissioner or Commissioner of Income Tax are empowered to condone a delay in the claim of a refund. [15]

  8. Taxpayers could get a $1,400 stimulus check by the end of ...

    www.aol.com/taxpayers-could-1-400-stimulus...

    The IRS is distributing $2.4 billion worth of stimulus checks to taxpayers who didn't claim the Recovery Rebate Credit on their 2021 tax returns. Taxpayers could get a $1,400 stimulus check by the ...

  9. Stimulus Update: 3 Things Taxpayers Need To Know To Get ... - AOL

    www.aol.com/stimulus-3-things-taxpayers-know...

    As the IRS explained in a March 4 announcement, the Recovery Rebate Credit is a refundable credit for individuals who did not receive one or more Economic Impact Payments, also known as stimulus ...

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