IRS Rebate Calculator

The IRS Rebate Calculator can help you determine how much, if anything, you will be receiving as a tax rebate in 2008. The calculator can be be accessed on the IRS website, and it requires you to enter information from your 2007 Tax Return. It consists of a series of questions, and will take approximately 5-10 minutes to complete.

Fast Facts:

1. $600 for individuals with incomes of up to $75,000 a year
2. Partial rebates: those earning over $75,000 to $87,000
3. Couples: $1,200 for those making up to $150,000 a year
4. Families: additional $300 per child (up to age 17)
5. Partial rebates go to those couples making between $150,000 and $174,000
6. $300 for low income taxpayers,disabled veterans, veterans' widows, senior citizens

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