Comments on: Economic Stimulus Package – does tax liablity play a role? http://planning-financial.com/economic-stimulus-package-does-tax-liablity-play-a-role/ We offer the most comprehensive information on financial planning to help for your financial planners. Check our selected financial planning guides and financial future reviews at our site. Sun, 21 Mar 2010 18:30:13 -0500 http://wordpress.org/?v=2.8 hourly 1 By: Richard M http://planning-financial.com/economic-stimulus-package-does-tax-liablity-play-a-role/comment-page-1/#comment-2913 Richard M Mon, 15 Jun 2009 11:57:00 +0000 http://planning-financial.com/economic-stimulus-package-does-tax-liablity-play-a-role/#comment-2913 If you file jointly and your tax liability was $950 (which is less than the $1200 maximum rebate), then you will receive a rebate of $950 for you and your wife. Since you qualify for a rebate you will receive an additional $300 for the dependent child under 17. So you total rebate will be $1250. Check it for yourself using the Kiplinger rebate tax calculator (link below) which will compute your rebate.

If you file jointly and your tax liability was $950 (which is less than the $1200 maximum rebate), then you will receive a rebate of $950 for you and your wife. Since you qualify for a rebate you will receive an additional $300 for the dependent child under 17.

So you total rebate will be $1250.

Check it for yourself using the Kiplinger rebate tax calculator (link below) which will compute your rebate.

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