Great News
The government is going to rebate a portion of your Federal income tax.
Here are some important links:
How much will my rebate be: (CSL Tax clients received this information on their client letter with their completed returns)
If you don't know your rebate amount use this handy calculator:
When will I get my rebate: (released 3/17/08)
Rebate Quick Facts:
- The Rebate will not be taxed on the Federal or State 2008 tax returns
- If you file and extension for your 2007, don't worry the Treasury will be sending out rebate payments until December 2008.
- If for some reason you do not receive the rebate, you can make a claim for it on your 2008 return.
- You only get the dependent payment of $300, for dependents under age 17 on the 2007 return.
- Be sure to Direct deposit your 2007 Tax Federal Tax Refund. It will speed up the Rebate Direct Deposit by 2 weeks vs having them mailed.
- If you know any seniors they must file a 2007 tax return to receive their $300 per person rebate. (CSL Tax will prepare senior returns for the discounted rate of $30 after 5/1/2008)
