I know that someone asked about this a few weeks ago, however, I can't find that thread.
Here's my situation. In March, 2008, my wife and I filed jointly and were due for and received a tax refund of say $950 shortly thereafter. Now, in accord with our income level / level of tax refund, the total amount of our stimulus check last June (?) was $600.
OK, so fast forward to this year. This year we filed jointly once again and supposedly ought to be receiving a total tax refund of $1513.
I just checked our joint checking account today and saw that there was a deposit from the U.S. treasury for exactly $913 -- then it dawned on me that the difference between that figure and our anticipated return is the exact amount of the stimulus check we received last June: 600 even.
I guess I must have missed something there. Is this the way its working out for everybody? Or are there variables at work (i.e. is it because of our low-income bracket)? I didn't expect last year's stimulus check to be an up front "payment" against this year's tax return, but I guess thats what it seems to be. Not complaining, this just caught be me off guard (and dammnit, it throws a monkey wrench into my audio upgrade plans!).
Does anyone who knows something about this mind going over it again? (even though its been covered here before).