GQ: Are Tax Rebate Checks Taxable?
Several viewers want to know if the economic stimulus rebate checks are taxable. The answer is no. You will not owe tax on your rebate check when you file your 2008 federal income tax. But the IRS recommends you keep a copy of the letter you receive from them listing the amount of your payment. Something else the IRS wants to point out is that not everyone qualifies for the maximum payment of $600 per person or $1,200 for married couples. The amount of your check is based on information provided in your 2007 income tax return. Around the time you receive your payment, you will also receive a notice from the IRS explaining how it was calculated. The following comments do not necessarily represent the views of NBC Augusta 26 | news, weather, sports, community, entertainment, shopping for Augusta, Georgia. Users have agreed to these terms and in doing so accept full responsibility for their comments. Moderation is limited. Friday, May 16 at 5:07 PM Dianne wrote ...I am married and we only received $600.00 per couple filing jointly from the IRS. The information you are giving out says 600.00 per person and 1,200.00 for couples. This is not correct. Thank you. Inappropriate? Alert Us!Friday, May 16 at 9:05 PM Lynn wrote ...What if you move, can your rebate check be forwarded to the new address? Inappropriate? Alert Us!Friday, May 16 at 10:34 PM AnnRobinson wrote ...when will the stimulus check dated for May 9,2008 be sent? I was to receive mine on the ninth. It has not come. please answer. Inappropriate? Alert Us!Friday, May 16 at 10:51 PM Sandy wrote ...Dianne...you should get $1200 and not $600.00 if you filed jointly. Inappropriate? Alert Us!Saturday, May 17 at 11:49 AM Tonia wrote ...What about the letter you get from the IRS saying how they calculated my check and said it was to be deposited on the 16th. Well that day has come and gone and checked the mail today and no paper check either. The website said 00-09 would ge theirs on May 2nd, I am so confused, when am I gonna get my check from them? Anyone know?? Inappropriate? Alert Us!Saturday, May 17 at 3:32 PM CEO wrote ...I Noticed that 85% of tax payers is complaining about there checks not being on time .the IRS is work very hard to make sure that is entitle to a refund get his /her check the IRS is doing there best to get them out with the information provided on there 2007 tax .so please be very patience. Inappropriate? Alert Us!Sunday, May 18 at 12:47 AM WENDY... wrote ...i filed jointly but married but only one of us worked all year do i get 600 or 1200?? Inappropriate? Alert Us!Sunday, May 18 at 7:24 PM Ursula wrote ...Hi I am 1 of those whose check was suppose 2 be deposited on the 16th. I got a e-mail from my tax provider sayin if i got a RAL loan then I would be gettin a paper check on June 20th! Inappropriate? Alert Us!Monday, May 19 at 11:32 AM leslie wrote ...My rebate check goes direct deposit it was suppose to be there may 16 I checked today the 19 and its still not there. Who can I call to ckeck on it. Inappropriate? Alert Us!Monday, May 19 at 12:45 PM Carolyn wrote ...My husband and I filed jointly and also only received $600. He works full-time and I am on disablility. Does that make a difference? Inappropriate? Alert Us!Add a commentMost Popular
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