Who Will Get Tax Rebate Checks?
Tax rebate checks will be mailed to about 117 million middle- and low-income taxpayers. In addition, 20 million retirees living on Social Security and 250,000 U.S. veterans receiving disability benefits will get checks, too. Your adjusted gross income will determine your eligibility. Full rebates will go to single tax filers with adjusted gross incomes (AGI) less than $75,000 and couples filing jointly with AGIs less that $150,000. Your AGI is your taxable income from all sources including wages, salaries, tips, interest, dividends, etc. minus IRS-allowed adjustments to income. However, it is more than your Taxable Income, which is AGI minus your itemized deductions and personal exemptions for dependents.
