2008 Rebate Checks

It sounds like you made enough money that you paid more then $1200 or so in federal taxes correct?

if you are single you will get $600
if you are married you will get $1200 for the two of you
for ever child age 17 and under you will get an additional $300

so if you are married and have 2 kids under the age of 17, that will be a $1800 rebate check.

note: you will only get as much back as you paid in federal taxes, so if you were to get a 1800 check, you'd had to have paid 1800 in federal taxes in 2007. and the child thing is depending on who you claimed on 2007 taxes.

note: if you made more then $75,000 single or $150,000 married, you will lose $50 of rebate money for every $1000 you are over. so if you were single making $87k you wouldn't get a rebate check.

here is more info
http://www.webanswers.com/taxes/do-i-qualify-for-the-presidential-refu nd-that-was-recently-broadcasted-on-television-c3cd8a

I am married and have 2 children under the age of 17. I paid in over 5000.00 in taxes last year on a combined income with my husband of 55000.00. My refund is in the 3000.00 range. I want to know if everything stays the same(same income, same amount of children, same deductions and so on) will my check that I receive from the IRS next year be 3000.00 like this year of 1200.00(3000-1800)? Everyone is beating around the bush about how this really works. I just want then nuts and bolts. I understand the all the requirement. I just want to know how this is going to affect my next years refund. I use my refund for certain things each year so I need to see if I need to hold this money back for that or if I can use it for extra stuff.