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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.

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17y ago

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What government entity handles a tax rebate?

Wondering what Government entity handles a tax rebate? A tax rebate is money that is given back. The tax rebate is handled by the IRS government entity.


Can you get all your tax rebate back?

NO. There is no way to get a rebate check back for any reason.


Do you pay sales tax on the msrp or price after rebates on a car?

You pay sales tax on whatever price is on the title application -- usually before the rebate. If you bought a $10,000 car and got a $1,000 rebate, you pay tax on $10,000 as opposed to $9,000.


Will you have to pay back the stimulus tax rebate?

"no its a gift from the government and not taxed. YET LOL" THIS IS NOT TRUE. We had our taxes done yesterday, and the stimulus amount was deducted from our return total. You DO have to pay it back. It was a LOAN.


What is rebate on bills discounted?

Rebate is the money you get back after the purchase. Example. I pay $5 for Candy. Due to a coupon I gave the cashier, I receive $2 in rebate.


Do you pay sales tax on auto rebates in Illinois?

In Illinois, sales tax is generally calculated on the total purchase price of a vehicle, including any rebates. However, if the rebate is provided by the manufacturer and is applied before the sale, it can reduce the taxable amount. Therefore, if the rebate is deducted from the sale price before calculating tax, you would not pay sales tax on that rebate amount. Always consult the Illinois Department of Revenue or a tax professional for the most accurate and current information.


When will you get your renters rebate back?

Your renters rebate check comes from your state tax department. You may be able to find some information about your renters rebate check by going to your state tax department website. Or some contact information may be available to help you check on when you you can expect to get your renters rebate check.


Is there a sales tax on a automotive factory rebate?

No the rebate is deducted prior to sales tax being totaled.


Is tax included when you get a rebate?

No.


What is the tax rebate?

Non-existent.


Do you pay taxes on the price of a new car before or after the rebates are taken?

It's a bummer, but not sure if you ever bought an iPhone or smartphone along with a plan. The iPhone is $600 retail, but $199 after rebate. In California, you pay the sales tax on the $600. Not all states adhere to this rule. With a car purchase, the rebate is applied not as a discount, but more of a down payment, so the sales price is the same, regardless of how much the rebate is. Therefore, you would pay sales tax on the price of the vehicle.


What factors affect the true cost of borrowing money?

the interest rate and a rebate. The interest rate is self explanatory. As for the rebate, some loans have money taken out of them and if you're on time to pay the first 12 repayments, you get that rebate money back and don't have to pay it. However, if you mess up, you lose that rebate and end up paying more.