Congressional leaders have finally reached an agreement on the Tax Rebate. Most taxpayers will recieve $600 – $1200 each as long as they earned a minimum of $3,000 in 2007.
Those having to pay taxes may get a little bit more.
Families with children will recieve an extra $300 per child. Married couple with income under $150,000 and individuals with income under $75,000 would recieve the full tax rebate. Individuals earning up to $87,000 and couples up to $174,000 will recieve a partial rebate. Tha maximum allowable amounts are a little higher for those with children.
The bill is expected to go through congress swiftly with checks possibly being mailed out in late spring or early summer.
Comments are closed, but trackbacks and pingbacks are open.