Quote:
Originally Posted by bigred90gt
Just go into it knowing that the $600/$1200 will be deducted from next year's tax returns. If you depend on that, you may want to save the money instead of blowing it. From what I understand, if you don't get at least $600/$1200 (single/couple) on next years returns, you will be writing a check to the IRS to cover what they gave you. It is nothing more than an advance on next years return.
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This is all wrong information.