Not Everyone Gets the Rebate

To clarify who might not be able to get a rebate, or less than the full amount:

Those whose taxable gross income is greater than $75,000 for individuals or $150,000 on a married, filing jointly, tax return;

Those who have no income, or no Social Security or no veterans benefits;

(We were asked about SSI benefits; as stated in the RIA commentary posted on February 14th, SSI benefits DO NOT qualify a person for the rebate; only these three retirement benefits qualify to count towards the $3,000 minimum income level to qualify for the rebate: Social Security, Railroad Retirement or Veterans Benefits.)

Those who don’t file a 2007 tax return; if you file in 2008, you can get your rebate (if you otherwise qualify) as a refund on your 2008 tax return.