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#11
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Isn't the "rebate" still limited: (if so, I suspect most here, like me, won't get anything)
Singles Determine Eligibility: If you earned less than $3,000 - unfortunately you’d get nothing. If you earned more than $3,000 but paid no taxes, you’d get $300. If you earned more than $3,000 and paid taxes, you get $600. If you have children, add $300 per. Determine Phaseout Reduction: The phaseout levels begin at $75k and end at $87k, at a reduction of 5% per $1,000 over the lower limit. If you earn above $87k, you’re over and thus get nothing regardless of the math. Couples Determine Eligibility (appears to be the same as singles): If you earned less than $3,000 - unfortunately you’d get nothing. If you earned more than $3,000 but paid no taxes, you’d get $600. If you earned more than $3,000 and paid taxes, you get $1,200. If you have children, add $300 per. Determine Phaseout Reduction: The phaseout levels begin at $150k and end at $174, at a reduction of 5% per $1,000 over the lower limit. If you earned above $174k, you’re over and thus get nothing regardless of the math. |
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