The tax rebate in may is not an advance on 2008 taxes or is it reducing the 2008 taxes. it is free money the government is giving out to help stimulate the economy. this is money you do not have to pay back.
here is more info on it.
http://www.webanswers.com/taxes/do-i-qualify-for-the-presidential-refu nd-that-was-recently-broadcasted-on-television-c3cd8a
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