My friend told me that there was a new tax credit that the president signed. I looked online but I couldnt find it. I would appreciate any info about it. Thanks.
What is the new tax credit President Bush signed?
It may be because he has not signed anything yet. He has proposed the $150 billion plan but not signed the bill into law.
Here is what will happen in the next days to come. This proposal presented by Bush to the House leaders will go to the House floor next week for review. It already has been agreed upon so it should move quickly. It will then move on to the Senate where it needs majority signed approval. With the approval, the proposal will be then sent to the White House for President Bush%26#039;s signature. It is expected to get to President Bush%26#039;s desk by the week ending of February 15th. Once he signs it and puts the law into effect, it will take about 60 days after that for the electronic checks to go out.
Now here is how the program works.......
A married couple with no dependents, with an income below $150,000 in 2007 would get a rebate of $6,000 per person. For couples earning above $150,000 get their rebate reduced by $50 for every $1,000 in income above $150,000. A married couple with each dependent or child get a rebate of $300 per child, in addition to the $6,000 per parent.
An individual not held as a dependent by the parents, with an income between $3,000 - $75,000 get a rebate of $600. An individual making more than $75,000 get their rebate reduced $50 for every $1,000 in income above $75,000.
Yes, it will be a seperate check.
What is the new tax credit President Bush signed?
how do older people who draw social security claim this Report It
What is the new tax credit President Bush signed?
$600 per individual ($1200 per married couple) and $300 per child up to $1200 additional, checks are to start rolling out in May. My wife and I are getting $2100
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