Congressional leaders have finally reached an agreement on the Tax Rebate. Most taxpayers will recieve $600 – $1200 each as long as they earned a minimum of $3,000 in 2007.
Those having to pay taxes may get a little bit more.
Families with children will recieve an extra $300 per child. Married couple with income under $150,000 and individuals with income under $75,000 would recieve the full tax rebate. Individuals earning up to $87,000 and couples up to $174,000 will recieve a partial rebate. Tha maximum allowable amounts are a little higher for those with children.
The bill is expected to go through congress swiftly with checks possibly being mailed out in late spring or early summer.