Example: Family of four with a before child tax credits income tax of say $1200.00. Will the child tax credits lower their rebate to $300.00 each, or will they get $600.00 each. Or will they get $200.00 each to match their actual tax paid?
If a worker files a tax return and owes taxes before any credits, does he recieve a full rebate check?
Congress is still arguing over the rules for the rebate, so nobody can say for sure. But the last thing that was made public was that if your had income of at least $3000 for the year, you%26#039;d get a rebate of $300-600 for each of you (they aren%26#039;t being very specific yet), plus $600 for each child.
If a worker files a tax return and owes taxes before any credits, does he recieve a full rebate check?
If you owe tax, the credit will reduce the amount of tax owed.
The Rebate check has nothing to do with the taxes. Your rebate doesn%26#039;t depend on the taxes owed.
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