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Income Tax Rebate

For enhancement of the economy of state and to help people who earn little or nothing, more than 130 million people will get rebate checks from the government this year in amounts ranging from $300 to $1,200. All must file an income-tax return for 2007 to qualify.

There is much confusion about Income Tax Rebate like who gets rebate & who does not on income tax. Answer of this question is anyone who pays taxes or earns at least $3,000, including through Social Security or veterans' disability benefits. Singles with incomes of more than $75,000 and couples with more than $150,000 get only partial rebates & People who earn less than $3,000, illegal immigrants, anyone who does not file a tax return, singles with incomes exceeding $87,000 and couples with incomes exceeding $174,000 are not eligible for getting rebates. The caps rise by $6,000 per child.

Individual taxpayers get a rebate of at least $300; couples receive at least $600. The rebate will equal the taxes they paid, up to $600 for singles and $1,200 for couples, plus an additional $300 per child. That amount will be reduced by $50 for every $1,000 above the income limits of $75,000 for singles and $150,000 for couples. People who earn at least $3,000 but too little to pay taxes -- including elderly people whose only income is from Social Security and veterans who live on disability payments -- will get $300 if single or $600 if a couple.

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