If we had to pay taxes on our 2007 tax return, will we still get the tax rebate check???

Question

If we had to pay taxes on our 2007 tax return, will we still get the tax rebate check???

Answer 1

Yes you will, if you paid what you owed.

Answer 2

Having an amount due with your tax return has no impact on the rebate - unless it delays the processing of your rebate.  

In order to qualify for the rebate, you have to have at least $3,000 of qualified income.  But the amount of your rebate is based on your actual tax liability.

Look at line 44 on your tax return - This is the amount of actual taxes you paid.  It has nothing to do with your refund or any amount that is due when you file your taxes.  This amount is sometimes adjusted, so you also have to look at line 63.

If you are single and it is over $600, then you get a $600 rebate.  If it is zero you get $300.  If is is $433, you get $433.

If you are married and it is $1,200 or more, you get the full $1,200 rebate.  If it is zero, you get $600.  If it is $760, then you get $760.

If you make too much money, then the rebate starts phasing out - and over a certain income level, you will get no rebate at all.

Answer 3

The rebate cannot be calculated until your tax return is processed.  Balance due returns (including ones with checks for the full amounts) are processed last.  Therefore, their stimulus checks will be sent out last.

Answer 4

Owing money on April 15th (or getting a refund) has nothing to do with qualifying for the rebate.

You must have had $3,000 (or more) in qualifying income.  The rebate phases out at income levels over $75,000 (single person) or $150,000 (married).

Answer 5

Yes, if you filed and settled up, you qualify. If you owed and didn't settle up, they'll deduct what you owe and it will delay your receiving it, But you will receive it!!!

Answer 6

If you have tax due on your tax return, you may not get stimulus rebate. It will be adjusted against amount you owe.

The rebate payment is equal the amount of tax liability on the return (tax liability on the return Form 1040 line 46 or Form 1040A line 28) with a minimum amount of $300 and a maximum amount of $600 for individuals.  

For information on stimulus tax rebate read: , http://taxipay.blogspot.com/2008/04/list...

Answer 7

We owed a small amount and had not paid it and they have intercepted our rebate check, we may or may not get some of it, depending on penalty and interest on the taxes we owed.