
begood1977
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I'm not sure specifically, but here is the info you can read to see. Hope this helps. =) According to this it looks like maybe 300.00! Good Luck!
About the 2008 IRS Tax Rebate Checks
From Robert Longley,
Your Guide to US Government Info.
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Feb 9 2008
Who Gets What and When?
Congress has passed the $170 billion economic stimulus bill, highlighted by Tax Rebate Checks. Based on details released by the government so far, here's how the 2008 tax rebate will work.
When Will the Checks be Mailed?
The Treasury Department has stated that the IRS will begin mailing the rebate checks starting in early May. The Treasury estimates that it should take about 10 weeks for all the checks to be mailed.
Persons who fail to file their 2007 tax returns by April 15, 2008 and request a filing extension may not receive rebate checks until as late as December.
Who Will Get Tax Rebated Checks?
Tax rebate checks will be mailed to about 117 million middle- and low-income taxpayers. Thanks to amendments made to the bill in the Senate, some 20 million retirees living on Social Security and 250,000 U.S. veterans receiving disability benefits will also get checks.
Single tax filers with adjusted gross incomes (AGI) less than $75,000 and couples filing jointly with AGIs less that $150,000 will qualify for full rebates.
Remember that your AGI is not your annual salary or income. Your AGI is your taxable income from all sources including wages, salaries, tips, interest, dividends, etc. minus IRS-allowed adjustments to income.
How Much Will You Get?
Qualifying single filers (AGI less than $75,000) will get rebates of up to $600. Qualifying couples (AGI less than $150,000) will get rebates of up to $1,200, plus $300 per dependent child, with no maximum on the number of eligible children.
Persons who owe no income taxes, but earned at least $3,000 in income from Social Security and veterans disability will get rebate checks of $300 for individuals and $600 for couples.
What if You Made More than the Maximum Income?
You will still get a check, but it will be reduced by 5-percent of the amount you earned above the AGI income caps of $75,000 for single filers and $150,000 for couples.
For example: A single filer with no children and an adjusted gross income of $80,000, or $5,000 over the AGI cap, will see their rebate check reduced by $250 (5% of $5,000), and will get a check for $350, instead of $600.
At some income point above the AGI income caps, the rebate checks will phase out completely.
For example: A single filer with no kids and an adjusted gross income of $87,000, or $12,000 over the AGI cap, will not get a rebate check because it would be reduced by the full $600 (5% of $12,000).
What Do You Have to Do to Get a Check?
To get a rebate check, you must file a tax return; either a form 1040 or 1040-EZ federal tax return for tax year 2007.
Persons who do not normally not file tax returns, like retirees and disabled veterans, will have to file a 2007 tax return in order to get a rebate check. |