rebate checks: How To Determine When You'll Get Your Tax Rebate
- 06/02/08 01:36 PM
More than 130 million Americans will receive tax rebates this year as part of Congress' $168 billion economic stimulus package. Payments begin in about two weeks and range from $600 for individuals to $1,200 for couples, plus an additional $300 per child. Not everyone is eligible for a full rebate, however. For single filers earning more than $75,000 and joint filers earning more than $150,000, the tax rebate is reduced by $50 for each $1,000 of income beyond the limits. An individual with no children, therefore, will not receive a tax rebate if income exceeds $87,000 annually. The IRS provides a … (0 comments)
More than 130 million Americans will receive tax rebates this year as part of Congress' $168 billion economic stimulus package. Payments begin in about two weeks and range from $600 for individuals to $1,200 for couples, plus an additional $300 per child. Not everyone is eligible for a full rebate, however. For single filers earning more than $75,000 and joint filers earning more than $150,000, the tax rebate is reduced by $50 for each $1,000 of income beyond the limits. An individual with no children, therefore, will not receive a tax rebate if income exceeds $87,000 annually. The IRS provides a … (0 comments)
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