Official Tax Rebate Calculator
Okay, I realize that I’ve written a lot about the tax stimulus rebate recently, but this seems to be a topic of great interest, so I thought I’d throw out another little nugget of information… While I previously posted a calculator for figuring out whether you qualify for the tax rebate, that’s not an official calculation.
I have since run across a calculator that comes straight from the horse’s mouth — the IRS themselves. Simply go here and follow the instructions. Note that this calculator assumes that you’ve already figured your 2007 taxes, so you’ll need information like your filing status, your wages for the year, your Social Security benefits, your adjusted gross income (AGI), the child tax credit, etc.
Assuming that you have the necessary information, it’s very quick and easy to do. And once you know how much (if you anything) you’ll be getting, you can hope over to the tax rebate payment schedule to find out when you can expect it to arrive. In case you weren’t aware, you’ll get it up to six weeks earlier if you sign up for direct deposit when filing your taxes.
For what it’s worth, I ran the numbers and found that we still don’t qualify. That didn’t come as a huge surprise, though, given what I already knew about the income limits. But go ahead an give it a shot yourself…
Published on March 20th, 2008 - 3 Comments
Filed under: Taxes
email this article
- add to tip'd - stumble it - digg it - bookmark it
About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
Related articles...
» Qualifying for an ‘Economic Stimulus’ Tax Rebate Check» Tax Stimulus Rebate Payment Schedule
» Cash for Clunkers: Paying You to Junk Your Car
» Calculate Your PayPal Fees
» Free Filing to Get Your Economic Stimulus Tax Rebate Check
» Home Depot Rebate Comes Through (and Quick!)
» Senate Passes Economic Stimulus Tax Rebate
» Home Depot Rebate Update
Was this article useful? Please sign up to receive our content via e-mail:
Great deals...
Readers’ choice...
Recent articles...
- Did Congress Make the Homebuyer Tax Credit Retroactive?
- Congress Extends $8000 Homebuyer Tax Credit, Adds New $6500 Credit
- Lending Club Update - October 2009 Performance
- How Much to Budget for Car Maintenance?
- Series I Savings Bonds Now Paying 3.36%
- Use Weight Loss Strategies to Get Out of Debt
- Weekly Roundup - Disney Shanghai Edition
- How to Save Money on Vacations
- Most and Least Reliable Cars - 2009 Edition
- Get 100 Free Trades from OptionsHouse Brokerage
Recent comments...
- Penny: I am about to purchase a new home.. which will be my new residence...
- APRIL DAYS: I FOR ONE HOPE THAT THE FIRST TIME HOMEOWNERS TAX CREDIT IS EXTENDED BECAUSE...
- JB: I drive a 1999 car and save $60 a month for car repairs, oil...
- Greta: My significant other and I bought a house in February 2009. My boyfriend...
- Jay: Don't forget nCleaner 2nd for turning off widows firewall and windows defender...also use the...
- Bryan: @Doug - you said it... if you simply delayed the closing, it would have...
- Sympathetic Dish TSR: @ Bonnie: Is your HD tv a Flatscreen LCD style? If so then a...
- John DeFlumeri Jr: Thanks for explaining the tax credit. Too bad for those who purchase in...
Most talked about...
- Dave Ramsey is Bad at Math
- $8,000 Homebuyer Tax Credit
- Dish Network Customer Service SUCKS
- How to Claim the First-Time Homebuyer Tax Credit
- $15,000 Homebuyer Tax Credit
- Reduced Credit Limits? Share Your Experience
- Would the "Fair Tax" Gut the Economy?
- Tax Stimulus Rebate Payments to Start Early
- Pay Off Mortgage Early? Or Invest?
- The Best Online Savings Accounts (Updated!)
- Life's Too Short to Drink Cheap Beer
- $7500 First Time Homebuyer Tax Credit
For what it’s worth, even the official calculator is still an estimate.
Comment by Flexo — Mar 20th 2008 @ 11:37 amMSN Money published an article saying that unless you exceed the maximum income level, you can expect to see $1,200 for couples filling jointly, $600 for individuals, and $300 for retirees. This doesn’t take into account specifics, but is a good baseline…
Comment by thehungrydollar.com — Mar 24th 2008 @ 12:35 amhave the stimulus payment checks been sent out yet is the process already started when is it due to be delivered
Comment by martin helen hernandez — May 18th 2008 @ 11:10 pm