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Old 01-24-2008, 12:31 PM
savingmama savingmama is offline
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The article on MSNBC about this says
"The rebates would phase out gradually for individuals whose income exceeds $75,000 and couples with incomes above $150,000, aides said. Individuals with incomes up to $87,000 and couples up to $174,000 would get partial rebates. The caps rise higher for individuals and couples with children." So there is still a lot of unsurety about whether it is AGI income or not. This range definitely opens up room for a lot more people to qualify.

Also, we would most likely be doing our taxes before the checks came, because other articles I read said that checks probably wouldn't be sent out until the summer anyway. So by then, the IRS would know if you have earned income in order to send you a check (Hopefully we won't have to file any additional paperwork!). Makes me think that everyone that made any income (over $3000) this past year, even if it is only a little should definitely file, even if they don't pay taxes or earn any credits, just to insure that they will get a rebate check if they get sent.
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