TAX REBATES? - Lower 2009 refunds

• $300 for retirees
• $600 for most individuals
• $1,200 for most couples.
• Also, $300 per child.
• It's not really free money.
  
  The $168 billion economic stimulus package will ship checks of up to starting in May.
• Most households will get these checks, although individuals with adjusted gross incomes of more than $75,000 and couples making more than $150,000 will see less or nothing at all.
• Those who paid no income taxes will get $300 as long as they earned at least $3,000, including veterans disability or Social Security benefits.
• Normally, you wouldn’t see that cash until the spring of 2009, when you filed your 2008 return. But Congress wants to speed that money to you now, so checks will start going out in May
• rebate checks are basically an advance on your 2009 refund just like 2001. when a lot of people were upset to see their (next) refund reduced