he earned too much in 2007

how much is too much?

I am not asking heavysnow's income. I wonder what is the cap for this rebate.

Phase Out: The stimulus payment –– both the basic component and the additional funds for qualifying children –– begins to phase out for individuals with adjusted gross incomes (AGI) over $75,000 and married couples who file a joint return with AGI over $150,000. The combined payment is reduced by 5 percent of the income above the AGI thresholds.

Here are two examples of how the phase out works:

• An individual with AGI of $80,000 and federal income tax liability in excess of $600 would qualify for a basic rebate of $600. Because this individual’s AGI exceeds $75,000, however, her rebate is reduced by $250 (the credit is reduced by multiplying the amount of AGI over $75,000 by 5%). The taxpayer receives an economic stimulus payment of $350.
• A married couple with two children, AGI of $160,000 and federal income tax liability before the child tax credit exceeding $1,200 qualifies for a basic rebate of $1,200 and an additional qualifying child credit of $600 for a total rebate of $1,800. But because the couple’s AGI exceeds $150,000, their rebate is reduced by $500 (the amount of AGI over $150,000 multiplied by 5%). The couple receives an economic stimulus payment of $1,300.

细细。。。你都不看前面的link阿。。。

里面写的很详细了。。豆豆也贴拉。。。

上个星期才efile了，等着$$ing...

rebate要5月份才寄出是吧？。。。

以下是引用icyscorpio在2008-3-10 0:18:00的发言：
最早从5月开始，要是DD的话，应该会更快收到

banban是说如果报税的话采用DD,就会DD到我的checking accnt?

(PS. 昨天退税到帐上鸟~~）

irs是这么说的。。。

我们昨天还受到海报一张。。。说tax rebate的事情。

以下是引用一妮在2008-3-9 17:45:00的发言：

细细。。。你都不看前面的link阿。。。

里面写的很详细了。。豆豆也贴拉。。。

谢谢，我就是懒，看外国字头痛。

谢谢再楼上的icyscorpio MM，我都了解了。可以“穷”开心一下了。

[此贴子已经被作者于2008-3-11 23:41:12编辑过]