Does Obamas new stimulus plan include rebates for families?

I am not talking about tax credits, but actual rebates sent to us like the money we got last year? I heard it did, but was wondering if anyone knew for sure and how much. Thank you.

4 Answers

  • Anonymous
    1 decade ago
    Favorite Answer

    In March of 2007 the internal revenue service announced that they would begin mailing stimulus checks to those who qualified. Many taxpayers received their checks by the end of July but many people were surprised that the amount was less than they had anticipated.

    It was originally thought that couples would receive $1,200.00 and then an additional $300.00 per qualifying child. This amount was decreased either because your income levels were to high or you did not pay enough in tax liability in the 2007 tax year.

    If you did not received a stimulus check in 2008 or it was less than you thought it would be, then you may be able to claim those additional funds on your 2008 tax return as a credit. It is being called the rebate recovery credit.

    Here is a list of the forms necessary and what lines you will need to claim this credit on:

    Form 1040- Line 70

    Form1040A-Line 42

    Form 1040EZ-Line 9

    Even if you do not plan on filing a 2008 tax return, it is necessary to claim this credit. You may qualify for this additional rebate if your income decreased dramatically in 2008 or you added an additional qualifying child to your household.

    The IRS will automatically figure how much more of the rebate you are entitled to or you can do it yourself at the IRS website. These funds will not be delivered to you in the form of the 2008 Stimulus checks. They will be added to your 2008 tax refund.

  • 4 years ago

    "does everybody at here submit to in ideas ACORN and how they stole the election for Obama?" Bull ****. the excellent wing media, such through fact the blogs you copied your question from. have been attempting to sell human beings that crap for months, that ACORN stole the election, yet there is not any actuality to it. ACORN isn't slated to get the money. they may well be eligible for it alongside with different communities. the only reason the republicans are objecting is by using the fact their components have been fed a comfortable foodstuff recurring of incorrect information approximately ACORN. it somewhat is not significant what the certainty is. It concerns what the republican voters think of the certainty is, this is why human beings like Boehner are making a stink. by making use of ways, the be conscious ACORN seems nowhere in the 647 website invoice.

  • 1 decade ago

    There are no plans to issue additional checks this year.

    The "stimulus" will be in your paycheck a little at a time.

  • Judy
    Lv 7
    1 decade ago


Still have questions? Get your answers by asking now.