Tax Rebates for Americans
By: Sommer | February 15, 2008 | Category: Home and Family
Tax season this year is the most exciting one for me and my husband yet since we’ll itemize so we can take our first ever mortgage interest deduction. And, in May we’ll be among the millions of Americans who will also receive the famed tax rebate checks the government has talked about for the last month.
In order to qualify, Americans will have had to file their 2007 tax returns. The IRS will then use your return to determine your eligibility for the rebate. They anticipate that singles with incomes under $75,000 will receive a maximum of $600 and for married people with incomes under $150,000 the checks will max out at $1,200. Households will also receive $300 additional for each dependent child under 17. Low-income Americans and beneficiaries of certain government programs have special eligibility.
Keep your eyes open for fraud since this new rebate provides the perfect opportunity for scamsters to take advantage of the unsuspecting public. The IRS will not call or email taxpayers about these payments! If you receive a scam email forward it to the IRS at phishing@irs.gov. Remember that the IRS will only contact you by mail about these payments.
Now that we’ve got business taken care of, I want to know what you’re planning to do with your check. Will you go on a vacation, invest it, use it to pay off debt or something else? We’re planning to use ours to start a college savings plan for our new son.
Permalink | View Comments [23] | E-mail This Entry | Tags: family irs money rebate refund sommer taxes
Posted by Citizen Jmaximus on February 15, 2008 at 07:45 AM EST
Posted by mbc on February 15, 2008 at 08:56 AM EST
Posted by Terry on February 20, 2008 at 12:08 PM EST
They also had an interesting article about when the Stimulus payments are going to be mailed:
http://www.efile.com/news/articles/stimulus-package.asp Comment Permalink
Posted by Tahoe on February 25, 2008 at 07:33 AM EST
Posted by Ednbet on March 10, 2008 at 10:31 AM EDT
If this is the case I would not be surprised if it is then called a "loan" and we have to pay interest on it!! Comment Permalink
Posted by Joanne on March 10, 2008 at 11:53 AM EDT
Posted by wha?? on April 25, 2008 at 07:39 PM EDT
Posted by antonia.flores @att.net on April 27, 2008 at 09:34 PM EDT
Posted by Nicole on April 28, 2008 at 09:26 AM EDT
Posted by Patrick on April 30, 2008 at 02:14 PM EDT
Posted by Nicole on April 30, 2008 at 02:56 PM EDT
Posted by ROBERTM3208@YAHOO,COM on May 01, 2008 at 08:12 PM EDT
Comment Permalink
Posted by Gov Gab Editor on May 02, 2008 at 11:42 AM EDT
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Posted by mkinner on May 02, 2008 at 03:21 PM EDT
Posted by shelly on May 02, 2008 at 07:08 PM EDT
I had chose direct deposit and did an ERD with Taxact, because Taxact using Republic Bank and Trust Company as a "third party" company for tax refund processing the IRS can not send your stimulus checks via direct deposit it must be sent via paper check.
I thought I was getting my rebate today via direct deposit since my last 2 digits is "19", but now it will not come until May 30th.
This needs to be made clear, because I did not get a RAL as mentioned on the site.
Oh well..thought I would pass along Comment Permalink
Posted by veronica on May 02, 2008 at 09:52 PM EDT
Posted by Douglas on May 04, 2008 at 12:21 PM EDT
Posted by nanaj05@peoplepc.com on May 04, 2008 at 01:47 PM EDT
Julie Comment Permalink
Posted by gatorade on May 05, 2008 at 07:56 AM EDT
Posted by Shagans on May 05, 2008 at 10:56 AM EDT
Posted by erica077 on May 05, 2008 at 04:28 PM EDT
Posted by Nicole on May 06, 2008 at 10:04 AM EDT
Posted by norman on May 07, 2008 at 12:25 AM EDT