Who Gets A Stimulus Rebate?

<A title=hit0000 name=hit0000>More than 130 million people are expected to get the stimulus rebates, starting around May.</A>

Thursday, February 14th 2008, 12:37 pm

By: News On 6


More than 130 million people, including many Oklahomans, are expected to get the stimulus rebates, starting around May. The stimulus payments are a part of a $168 billion rescue package signed by the president this week.

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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