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On February 13,
2008, President Bush signed into law the "Economic Stimulus Act of 2008 (H.R. 5140)."
Many Americans can expect to receive tax rebates this spring or
summer up to $600 ($1,200 if married filing jointly). Americans who receive
only Social Security or VA Payments will
get an automatic $300 check. Taxpayers with qualifying children under age
17 as of December 31, 2007 will get an additional $300 per child.
A federal
income tax return MUST be filed to be eligible for a potential tax rebate.
For more details on how the tax rebates work
and when they will be sent out,
click here.
Technical Explanation and Other Provisions of the Act
To view
the entire Economic Stimulus Act of 2008,
click here
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