Official Tax Rebate Calculator
Tip It!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
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!
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March 20th, 2008 at 11:37 am
For what it’s worth, even the official calculator is still an estimate.
March 24th, 2008 at 12:35 am
MSN 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…
May 18th, 2008 at 11:10 pm
have the stimulus payment checks been sent out yet is the process already started when is it due to be delivered