Tax rebate FAQs


By
Kay Bell • Bankrate.com
As soon as lawmakers in Washington, D.C., began talking about tax rebate checks in January, two big questions arose: Who will get the money and how much will they get?
Congress took a step toward satisfying our curiosity Feb. 7 with the final passage of the Economic Stimulus Act of 2008 (H.R. 5140). President Bush made it law with his signature Feb. 13. Now the IRS can begin setting up the system to get checks out to 130 million Americans.
In the meantime, as is often the case with taxes, answers to those first two big questions led to additional inquiries. And as the various rebate amounts and eligibility situations were more widely discussed, confusion reigned.
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