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Tax Rebate Just In Time

Posted by Rhonda Harris on Tue, 01/29/2008 - 5:00pm

The news of this tax rebate was music to my ears. It's been all over the Internet and television for days now. The plan would give individual taxpayers up to $600 in rebates, working couples $1,200 and those with children an additional $300 per child. I am not sure if there is a limit to the number of children or not. This is a little dream come true for divorced women and single parents.

The rebates would phase down gradually for individuals whose adjusted gross income is above $75,000 and for couples with incomes totaling more than $150,000.

I was happy to hear the Senate may try adding an unemployment extension. This would also be a wonderful benefit. Here in Michigan the economy is struggling to say the least. This unemployment extension would make a huge difference for many people. The Michigan unemployment rate for December 2007 was 7.6%. This rate is listed as "seasonally adjusted". I wonder what the difference in the number of agriculture workers vs. the number of those to remove snow in the winter is.

I hope they get all the details hammered out and get the checks in the mail soon. If all goes as planned, checks are said to be arriving sometime in June. I don't know about you, but I will be standing by the mailbox waiting.

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