As most of you konw, many Americans will be receiving a tax rebate in the near future. These tax rebates that most people should be receiving by spring are part of a plan by Congress and the President to jump start the economy. The idea is to have the rebate increase consumer spending, which in turn helps out the economy.
So how much money can you expect? There details still have not been finalized, but here is a breakdown of basics:
- Individuals could get a tax rebate up to $600
- Couples would be eligible to get a rebate up to $1200
- Those with children are eligible for $300 per child, with on limit on the number of children
This tax rebate will be welcome income for many people. For more detailed information on this rebate, go here to read more.