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Step 1
Single taxpayers, who cannot be claimed on anyone else’s tax return and have and adjusted gross income of $75k, will get a rebate of $600. Use an on-line calculator to estimate your refund if your AGI is over $75k.
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Step 2
Married couples filing jointly, who have an AGI under $150k, will get $1,200. Use an on-line calculator to estimate your refund if your AGI is over $150k.
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Step 3
Add $300 for each child under age 17 for whom you claimed a child credit on your 2007 return. For married filing separate, only the person who claimed the child credit will get the rebate.
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Step 4
Seniors and disabled veterans or their widows with a low income, who don’t owe enough income tax to qualify for the full rebate may still receive checks of $300, or $600 if they filed joint returns, however they must file a 2007 tax return in order to receive the check.
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Step 5
There are a lot of other general criteria that could affect your return. To get a more accurate figure, use a calculator such as this one. ---- http://kiplinger.com/tools/rebate/
Comments
Rockney said
on 1/30/2009 Great article!
Wasatch said
on 1/26/2009 Congrats on a great income article Anthony. Keep up the good work.
dsarokin said
on 7/28/2008 May this never fizzle!
selbode said
on 4/28/2008 what if you had your refund direct deposited in an H&R Block taxes Mastercard? Will it be on the card or in the mail?
mkoberger said
on 4/25/2008 What if you had your refund direct deposited into an account that is closed now? Thank you for the information.