Hello again tracie,
The only stimulus bill that is available for 2009 is the program called "Making Work Pay", which will basically amount to a tax credit
of $400 for individuals
or $800 for married couples. That tax credit is being passed along by the IRS
in the form
of reduced withholding rates
that employers use when figuring tax to be withheld from employee paychecks.
Your said your SS and Medicare taxes have been withheld, so at least that will not be an issue. And as far as your federal income
tax, what it will really depend on is how much tax your husband is having withheld from his checks.
Since you and your husband file a joint return
, it is your combined income
that will ultimately determine how much tax is due for the year. If your husband is having enough tax withheld to cover what you will both owe, then you will not have any problems.
What you need to do is figure what your combined income will be for the year, and then take a look at how much federal
tax is being withheld from your husband's paychecks each pay period, and figure up what that will total at the end of the year that he has paid in. Give those figures to your accountant and he can then estimate what your actual tax liability
will be. If it ends up there is a shortfall in what you will owe and what is being withheld from your husband's checks, then you should be paying in the difference.
I can also make those estimations for you if you have the information available to give to me. I would need an estimate of your total earnings for the year (both you and your husband) an the total amount of taxes that will be withheld from his pay by year end.
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Thank you tracie