Your Upcoming US Tax Rebate and What To Do With It.
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US lawmakers have just approved a $170 billion plan to spur the slowing US economy. The centerpiece of this plan is a “tax rebate”.
Who qualifies?
One-time rebates will be sent to at least 117 million low and middle-income households, 20 million senior citizens living off of Social Security, and 250,000 disabled veterans.
How do I qualify?
To be eligible for the full rebate, a single tax filer must have his/her 2007 adjusted gross income (AGI) below $75,000 and joint filers must have AGI below $150,000. You must also file a federal tax return for 2007.
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