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Are the 2008 federal tax rebate checks just an advance on next year's tax refunds?
Wiki User
∙ 16y ago
The tax rebates are based on a reduction of your taxes in 2008. Basically, in 2008, the tax has been reduced by 10% on the first $3000 of your income (per taxpayer), and there is an additional tax credit for children. This amounts to $300 per individual, $600 per couple, and $300 per dependent child.
This is money advanced from your taxes this year, but you are getting the money back now rather than next year. HOWEVER, it will not affect your tax refund next year because the refund is based on an actual reduction in your taxes, rather than just being an advance on your normal refund next year.
Wiki User
∙ 16y ago
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When do rent rebate checks come out in minnesota?
Mid August
How do you check the status of your PA SSI rent rebate check?
When are we getting our rent rebate checks are we getting them early??
When will you receive your pa rent rebate check?
In Pa, Checks will go out July 1.i havent receive my rebate check yet can you check into it for me,thank you
When will your rent rebate checks go out?
You may be able to get this information from your taxing area web site.
When will Renters Rebate Checks go out in NJ?
You may be able to get this information at the NJ tax department web site.
When will the federal tax rebate checks come?
As of June 2014, the United States is not sending out any federal tax rebate checks. The IRS sends our refunds within 6 weeks of filing your taxes.
How do you qualify for the 2008 federal tax rebate checks?
I purchased a new home in June of 2008.
How do we file for the rebate checks?
The 2008 Tax Rebates will be sent out to everyone who files a 2007 Federal Tax Return.
Who get a rebate from Obama health care?
114,000 families in Michigan are set to receive rebate checks
When do rent rebate checks come out in minnesota?
Mid August
HOW and where do you apply for government backed Gas Rebate checks?
they do not exist.
Will you have to pay back this tax rebate?
NO. ACTUALLY YES.. THE REBATE IS BASED ON A ONE-TIME TAX CUT. IT IS ONLY AN ADVANCE ON YOUR 2008 RETURNS. No. The CNN article that made this claim was edited, and no longer mentions the "advance, not rebate" position.
How do you check the status of your PA SSI rent rebate check?
When are we getting our rent rebate checks are we getting them early??
Do Texas residents get 2008 tax rebate checks?
Yes. All of America does.
Do Georgia residents get 2008 tax rebate checks?
Yes. All of America does.
Do Florida residents get 2008 tax rebate checks?
Yes. All of America does.
Do Virginia residents get 2008 tax rebate checks?
Yes. All of America does.
