Monday, October 26, 2009

Will my husband and I receive the tax rebate everyone is talking about?

We have an AGI of 94k for 2007, and have 4 children, but after itemizing and tax credits, we end up with no tax liability on our returns. Does this mean that we would not receive a rebate check because we did not pay any taxes in 2007?



Will my husband and I receive the tax rebate everyone is talking about?

This article does help clarify some things.



http://news.yahoo.com/s/ap/20080124/ap_o...



Overview:



Qualifying participants get the following:



Individuals $600



Couples $1,200



Per Child $300



Basic Qualifiers:



You must have worked and paid taxes OR Made a minimum of $3000 but didn%26#039;t pay in you can still receive up to $300



Rebate Phase Out:



Individuals who exceed $75,000 per year



Couples who exceed $150,000 per year



However there are partial tax rebates for those with incomes up to $87,000 per year and couples up to $174,000 per year.



To learn more read the article and do a search for



%26quot; Congress unveils economic stimulus deal%26quot;



Will my husband and I receive the tax rebate everyone is talking about?

It doesnt matter if you did or did not pay taxes...your income is within range and you have 4 children...you will receive $2,400.00



Will my husband and I receive the tax rebate everyone is talking about?

I was wondering too I didnt see the whole news program myself good question



Will my husband and I receive the tax rebate everyone is talking about?

You paid INTO it though...no matter how much you can deduct, so yes..you should get it.



Will my husband and I receive the tax rebate everyone is talking about?

I don%26#039;t know...are you willing to sacrifice one of your children to the Bush God for $1200?

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