Thursday, February 14th 2008, 12:37 pm
The package will include not only rebates for individuals but also tax breaks for businesses to spur investment in new plants and equipment.
Who gets a rebate? The IRS says most people who pay taxes or earn at least $3,000, including through Social Security or veterans' disability benefits. Singles making more than $75,000 and couples with income topping $150,000, however, will get smaller checks, up to the top limits for any rebate: incomes of $87,000 for individuals and $174,000 for couples.
The only catch, in order to get the stimulus rebate, you must file a 2007 tax return and have a valid Social Security number.
Most taxpayers will receive a check of up to $600 for individuals and $1,200 for couples, with an additional $300 for each child.
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