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Shafted by the stimulus package - Page 2

post #21 of 38
Quote:
Originally Posted by lovesdaffodils View Post
Yep. But if your family's tax liability was under a certain amount (can't remember the number right now), you would have gotten $300 each instead of $600.
exactly. you guys probably got $300 each but perhaps you thought DH got $600 and you got none??
post #22 of 38
Quote:
Originally Posted by cyndimo View Post
Sorry you didn't get what you were expecting.
I've already griped about this, but none of us got any stimulus money because DP are not allowed to get legally married. So, since she makes too miuch as a "single" person to get the refund, we didn't get anything at all. As a family of 3, we definitely would have been under the income cap and recieved something.
I'm definitely happy that she makes so much (good problem to have!), but we do live in the SF, CA Bay Area, so it doesn't go as far as it might elsewhere. And we definitely would be married if we could be.
Anyway, talk about feeling like a non-entity!
Sorry to hijack your thread - I feel your pain!
C

Wow, I never thought about this type of situation. How horribly unfair.


We didn't get one at all because DH made too much last year. Since his income has drastically dropped this year, I guess we'll see it in next year's return; but it still sucks right now when we could really use it.
post #23 of 38
i understand your pain! it does seem bass ackwards to me as well...more tax liability means you make more means you get more....make less get less...weirdos!

although i don't know the specifics there is somehow supposed to be a way to file for the part you didn't get. for us that will be $300 so hopefully we'll get it next year.
post #24 of 38
Quote:
Originally Posted by Pancakes View Post

We didn't get one at all because DH made too much last year. Since his income has drastically dropped this year, I guess we'll see it in next year's return; but it still sucks right now when we could really use it.
Well apparently I was lying!! I went to check if DH paycheck had made it to the bank and TA DA there was a nice little deposit from the gov't. I'm shocked...and happy.
post #25 of 38
Quote:
Originally Posted by Pancakes View Post
We didn't get one at all because DH made too much last year. Since his income has drastically dropped this year, I guess we'll see it in next year's return; but it still sucks right now when we could really use it.

Well, dh didn't make too much this year--but because I worked as a teacher last school year and they didn't confirm my contract until early Dec. it was easy to push off giving me my back-pay until January... so I essentially got my entire year's salary in 2007 instead of half in 2006 and half in 2007. That bumped us up about $40,000 in 2007 and that pushed us over one of the thresholds.

With me, dh, ds and the only foster child we were able to claim, we'll get a measly $263. And like Pancakes, I no longer work (since June 2007) and we could REALLY use it.

I mean, hey--if I can't get in on all the government money floating around, at least the powers that be could either let me get pregnant or send us an adoptive match that looks promising.
post #26 of 38
The "hubby" and I aren't actually married (until this summer) but, I have been at home with our little one (and soon to be 2 little ones!) from the time I was pregnant. Although he claims me as a dependant on his taxes and pays all joint and household bills he gets nothing for my being under his monitary care. I assume it s because we are not yet married (although annoying as the reason we aren't is because I would loose my DSHS med ins when counting his income.... even though his income isn't enough for us to get med ins for me elsewhere : ). But, if people can claim children that are not their own (but live with them) or elderly/disabled house guests (that don't work but, still aren't of any legal relation) then why can't my hubby/fiance' claim me, the SAHM of his 2.5 year old child and child to be born later this year???

I mean, free money is super but, being told you don't count is a little annoying. needless to say our gov direct deposit didn't include any money for my being in the home and a legal dependant of the bread winner.

Also, for anyone who has not looked into life insurance. We had policies taken out for both of us. Basically we could set it whereever we wanted. A lot is dependant on who contributes what financially. I save us money in child care and he pays the bills. But, aside from that there is a basic rating system having nothing to do with who bring in what. It is based on your contribution to well being and livelyhood. With all of the other number aside and evened out my policy was still well under his when set as SAHM. Females are lower in general reguadrless of income or occupation as well. In case anyone is curious as to the amount.

For now we have it set for what we can budget monthly. They start with your rating and you build up from that depending on costs that would arrise in the event of death. So although the actual number just happens to be what we can afford for now the percentage difference in the numbers is due to him being dubbed "more important" than I. His policy is in the rhelm of $330,000 and mine sits at around $280,000. How sad is that. I imagine pay levels for females equate much the same way in many jobs.
post #27 of 38
Quote:
Originally Posted by FondestBianca View Post

Also, for anyone who has not looked into life insurance. We had policies taken out for both of us. Basically we could set it whereever we wanted. A lot is dependant on who contributes what financially. I save us money in child care and he pays the bills. But, aside from that there is a basic rating system having nothing to do with who bring in what. It is based on your contribution to well being and livelyhood. With all of the other number aside and evened out my policy was still well under his when set as SAHM. Females are lower in general reguadrless of income or occupation as well. In case anyone is curious as to the amount.

For now we have it set for what we can budget monthly. They start with your rating and you build up from that depending on costs that would arrise in the event of death. So although the actual number just happens to be what we can afford for now the percentage difference in the numbers is due to him being dubbed "more important" than I. His policy is in the rhelm of $330,000 and mine sits at around $280,000. How sad is that. I imagine pay levels for females equate much the same way in many jobs.
Hmm, not sure if this is always the case. A friend of ours worked for State Farm Ins. and he had a low pay policy on himself and half a million on his wife. He advises families with a SAHM to put more money on the woman since they are worth more. (especially since they have 7 kids) Most wives will get social security checks if their husband dies.
post #28 of 38
Quote:
Originally Posted by FondestBianca View Post
The "hubby" and I aren't actually married (until this summer) but, I have been at home with our little one (and soon to be 2 little ones!) from the time I was pregnant. Although he claims me as a Dependant on his taxes and pays all joint and household bills he gets nothing for my being under his monetary care.
This is what I have been frustrated about.
Since we aren't technically married I don;t count, even though dp claimed me as a dependent on his taxes.

I stay home with both of our kids. We would qualify for so much more $$ on our tax return every year if our kids were in daycare (in order to help offset the cost to lower income working families) but they don't place any value on staying home to care for your children. :

I just don't get it!!

I am glad that we knew all of this ahead of time...but I really had to put in an effort to figure it out, so I can certainly understand why lots of people are being caught off guard.


.
post #29 of 38
I SAHM, and we got the full amount, too ($1200 for me nad dh, $300 for ds).
post #30 of 38
Quote:
Originally Posted by FondestBianca View Post
The "hubby" and I aren't actually married (until this summer) but, I have been at home with our little one (and soon to be 2 little ones!) from the time I was pregnant. Although he claims me as a dependant on his taxes and pays all joint and household bills he gets nothing for my being under his monitary care. I assume it s because we are not yet married (although annoying as the reason we aren't is because I would loose my DSHS med ins when counting his income.... even though his income isn't enough for us to get med ins for me elsewhere : ). But, if people can claim children that are not their own (but live with them) or elderly/disabled house guests (that don't work but, still aren't of any legal relation) then why can't my hubby/fiance' claim me, the SAHM of his 2.5 year old child and child to be born later this year???
My DH files as married, because after seven years you are common law married in Colorado. Do you have common law unions in your state? Though, I suppose if you're getting married this summer, it doesn't really matter. Congratulations!

Quote:
Originally Posted by cyndimo View Post
Sorry you didn't get what you were expecting.
I've already griped about this, but none of us got any stimulus money because DP are not allowed to get legally married. So, since she makes too miuch as a "single" person to get the refund, we didn't get anything at all. As a family of 3, we definitely would have been under the income cap and recieved something.
I'm definitely happy that she makes so much (good problem to have!), but we do live in the SF, CA Bay Area, so it doesn't go as far as it might elsewhere. And we definitely would be married if we could be.
Anyway, talk about feeling like a non-entity!
Sorry to hijack your thread - I feel your pain!
C
In that same vein, I wonder is same sex couples can use common law marriage as a loop hole? I've never read the details in our state, my hubby did ages ago, but I wonder if it is actually clear about that? That would certainly be interesting.
post #31 of 38
Quote:
Originally Posted by Making Rain View Post
In that same vein, I wonder is same sex couples can use common law marriage as a loop hole? I've never read the details in our state, my hubby did ages ago, but I wonder if it is actually clear about that? That would certainly be interesting.
interesting... I suspect not, or we'd have heard about gay couples and all the Aspen, um, if not weddings, "shacking-ups?" Probably has something to do with the "Defense" of Marriage Act.

Quote:
Originally Posted by dubfam View Post
I stay home with both of our kids. We would qualify for so much more $$ on our tax return every year if our kids were in daycare (in order to help offset the cost to lower income working families) but they don't place any value on staying home to care for your children.
Actually, they do something about it -it's often called the "Marriage Penalty"... I'll make up some random numbers to see if this makes sense:
Suppose for a single person making 50k, the tax rate is 20%, a single person making 100k, the tax rate is 30%, and a married couple making 100k is 25%.
If you and your DP each make 50k and you are unmarried, you each pay 20% for a total of 20k.
If you and DH each make 50k and ARE married, you pay a total of 25%, for 25k. Actually, it doesn't matter in this case who makes the money. If DH makes 100k all by himself, you still file jointly and it's the same tax rate.
But, if you and DP are not married and he/she is able to find a job that pays 100k, to replace your income so you can stay home, he/she will pay 30%, or 30k.

So, if both parties work for money, you pay less if you are unmarried.
However, if you are married, you get (in this example) a 5k tax bonus for staying home. But, for us unmarrieds, it's a super non-marriage penalty. (and gets worse when one of you dies, and you don't get social security, your house gets reappraised for property tax purposes, you owe estate taxes on all your jointly held assets, you have to pay for probate to keep DP's relatives from claiming what's yours, etc!)

... stepping off soap box now...
post #32 of 38
As an FYI, there is no federal record of marriages (those records are held at the state level) and it's not something that gets crosschecked on joint returns. Same with sex of taxpayers. I'm just saying.

DOMA does say you cannot file married filing jointly on federal returns. I have yet to hear about any audits of same-sex couples for that reason, though. Often, it's more financially advantagous for couples to file one Head of Household and the other Single anyway, especially is there is a large disparity in the income.

eta: I in no way am defending DOMA. I believe it to be both oppressive and unconstitutional. I was just tossing out some info.
post #33 of 38
Quote:
Originally Posted by Mama_Leah View Post
Hmm, not sure if this is always the case. A friend of ours worked for State Farm Ins. and he had a low pay policy on himself and half a million on his wife. He advises families with a SAHM to put more money on the woman since they are worth more. (especially since they have 7 kids) Most wives will get social security checks if their husband dies.
We have State Farm actually. Our agent definatly said we can set it at whatever we want. We can make mine more if we choose. But, if you look at the basic rating levels, it rates SAHM lower than fathers with full time occupation. I wasn't talking about the agents specifically but, rather the stardard rating system that the payscale is based on. We just set it according to the rating system because we wanted to pay a plat rate of $50 a month and that is how it most easily worked out. If we even them it would have been an oddball payment like $57.62....

Just found it sad that the rating system rates us lower to begin with. But, I am glad you are able to set your amount at whatever you choose reguardless.
post #34 of 38
Quote:
Originally Posted by dubfam View Post
This is what I have been frustrated about.
Since we aren't technically married I don;t count, even though dp claimed me as a dependent on his taxes.

I stay home with both of our kids. We would qualify for so much more $$ on our tax return every year if our kids were in daycare (in order to help offset the cost to lower income working families) but they don't place any value on staying home to care for your children. :

I just don't get it!!

I am glad that we knew all of this ahead of time...but I really had to put in an effort to figure it out, so I can certainly understand why lots of people are being caught off guard.


.
Yah, we weren't expecting any moeny for me in the stimulus package. It would have been a nice surprise though. And yes, I'm a bit annoyed that taxes don't allow SAHM to qualify for any kickback. Although we aren't putting out the money for daycare we should be able to write things off just like people can for work. Like gas costs for taking children to the doctors, extra food needed because the child is home all day, extra costs for raise in elictrical bills (because we are home all day caring for our children), etc, etc.

For awhile my husband was self employed as a professional athlete. Because he did most of his training at home we were able to write off the square footage of the part of our home he used to train in, write off the gas for him to go other places to train and compete, write off a portion of our power bills, phone bill, any money spent on equiptment used for training, etc. We found so many silly deductions that it offset his income as an athlete... it shouldn't have but, they let us write off sooooo much that IMO didn't have much to do with his sport or training. But, it was legal so we did it.

Now why can't we do the same for me watching our children and why am I not concidered self employeed? I make no real income aside from my bills being paid by my husband so technically all of my write offs should result in tax return!

hmmmm
post #35 of 38
[QUOTE=Making Rain;11187424]My DH files as married, because after seven years you are common law married in Colorado. Do you have common law unions in your state? Though, I suppose if you're getting married this summer, it doesn't really matter. Congratulations!

Commonlaw was done away with in my state a few years back... but, right now thats a good thing. Since I don't have to claim his income I qualified for preg medical through DSHS. I am garunteed to keep it for 2 months after baby is born. If we were commonlaw I would not qualify. Even though we are getting married this summer I got pregnant first and applied for preg med first so I don't have to have a evaluation of income until Feb of next year. So, it's a loop hole I'm both benifiting from and being screwed over by. No tax return or stimulus check but I get med ins... but, to keep the med ins and can't make any money of my own unless under the table (and I may or may not be already doing that ).

and thank you
post #36 of 38

Did you see this?

http://www.wifr.com/home/headlines/18989259.html

It seems some mistakes were made. If you had over $3000 tax liability, and filed jointly, you should have received $1200 plus $300 for each kiddo.
post #37 of 38
[QUOTE=dhinderliter;11182996]i understand your pain! it does seem bass ackwards to me as well...more tax liability means you make more means you get more....make less get less...weirdos!

[QUOTE]

More tax liability means you put in more, so you get back more. I'm a sahm and according to our tax guy, we should be getting the full amount back. $1200 for the two of us, $300 for each of our 3 kids. Ours is just going into savings to put back the money we used to pay off a cc so that we'll have a down payment for a house.
post #38 of 38
We were expecting 1500 (married filing jointly + 1 child), but got 1150?
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