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Married With Children
 
Family SizeWagesRebateTotal Expected Rebate
Married with 2 childrenAGI up to $4,000*Ind. rebate = $600,
Qual. child rebate = $600
$1,200
Married with 2 childrenNo wages,
veterans' payments = $2,000,
Social Security benefits = $2,000*
Ind. rebate = $600,
Qual. child rebate = $600
$1,200
Married with 2 childrenNo wages,
veterans' payments = $4,000,
No Social Security benefits *
Ind. rebate = $600,
Qual. child rebate = $600
$1,200
Married with 2 childrenAGI up to $25,000,
federal income tax liability before child tax credit = $70
Ind. rebate = $600,
Qual. child rebate = $600
$1,200
Married with 2 childrenAGI up to $35,000,
federal income tax liability before child tax credit = $1,070
Ind. rebate = $1,070,
Qual. child rebate = $600
$1,670
Married with 2 childrenAGI up to $80,000,
federal income tax liability before child tax credit exceeds $1,200
Ind. rebate = $1,200,
Qual. child rebate = $600
$1,800
Married with 2 childrenAGI up to $160,000,
federal income tax liability before child tax credit exceeds $1,200
Ind. rebate = $1,200,
Qual. child rebate = $600,
Phaseout reduction: ($500)
$1,300
 
* = Assumes no federal income tax liability before child tax credit

Source: IRS.gov

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This week's poll
How are you tightening your belt in these tough economic times?
I'm eating out much less.
I'm buying store brands at the supermarket and using coupons.
I've traded down to a cheaper cable, Internet or cell phone package.
I'm cutting back on excessive driving.
All of the above.
None of the above.
see previous polls


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