Rodney Fujita, CPA
Shareholder and Director, Tax Services

Money for nothing, or so the song goes. Apparently, the same is true for tax rebates. The IRS says it will use the information on your 2007 federal income tax return to determine your eligibility and calculate the amount of your rebate. Nothing is required of you―no forms to complete, no boxes to check, no calls to make.

Last Wednesday, on February 13, 2008, President Bush signed into law the economic stimulus package that provides one-time federal tax rebates for many American taxpayers, as well as low-income people, seniors, and disabled veterans. The package also provides a stimulus to businesses through increased annual expensing limits and a bonus first-year depreciation provision.

Click Full Article to learn more about the amount, timing, and other conditions of your rebate.