Comments on: What tax year determines income qualifications for stimulus package? http://www.2009stimuluscheck.info/what-tax-year-determines-income-qualifications-for-stimulus-package.html Tax Rebate & Money Matters Sun, 06 Jun 2010 11:02:33 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Ralph N http://www.2009stimuluscheck.info/what-tax-year-determines-income-qualifications-for-stimulus-package.html/comment-page-1#comment-799 Ralph N Sun, 03 Jan 2010 12:25:29 +0000 http://www.2009stimuluscheck.info/what-tax-year-determines-income-qualifications-for-stimulus-package.html#comment-799 2007--irs will use info just in computers for rebate---2006 2007–irs will use info just in computers for rebate—2006

]]> By: wizjp http://www.2009stimuluscheck.info/what-tax-year-determines-income-qualifications-for-stimulus-package.html/comment-page-1#comment-798 wizjp Sun, 03 Jan 2010 11:42:23 +0000 http://www.2009stimuluscheck.info/what-tax-year-determines-income-qualifications-for-stimulus-package.html#comment-798 2007 2007

]]> By: SuperCactus http://www.2009stimuluscheck.info/what-tax-year-determines-income-qualifications-for-stimulus-package.html/comment-page-1#comment-797 SuperCactus Sun, 03 Jan 2010 11:01:23 +0000 http://www.2009stimuluscheck.info/what-tax-year-determines-income-qualifications-for-stimulus-package.html#comment-797 Individuals who pay income taxes would get up to $600, working couples $1,200 and those with children an additional $300 per child under the agreement. Workers who make at least $3,000 but don’t pay taxes would get $300 rebates. The first rebate payments could begin going out in May, and most people could have them by July, though the IRS will already be overwhelmed processing 2007 tax returns. The rebate is not taxable at the federal level, and it's unlikely the states would tax it, though that's not entirely clear at this point. Individuals who pay income taxes would get up to $600, working couples $1,200 and those with children an additional $300 per child under the agreement. Workers who make at least $3,000 but don’t pay taxes would get $300 rebates.

The first rebate payments could begin going out in May, and most people could have them by July, though the IRS will already be overwhelmed processing 2007 tax returns.

The rebate is not taxable at the federal level, and it’s unlikely the states would tax it, though that’s not entirely clear at this point.

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