SUBSIM Radio Room Forums - View Single Post - For people in the US - this $600 tax credit that is coming is a farce!!!

TDK1044 · 05-09-08, 09:22 AM

The rebate checks are actually an advance on next year's refund. Therefore it's non-taxable income. However, if you don't usually get a refund, expect to pay that $600 back next year when you file.

05-09-08, 09:22 AM	#9
TDK1044 Ocean Warrior Join Date: Mar 2005 Location: Georgia, USA Posts: 2,674 Downloads: 25 Uploads: 0	The rebate checks are actually an advance on next year's refund. Therefore it's non-taxable income. However, if you don't usually get a refund, expect to pay that $600 back next year when you file.