2009 退税 -- $800 Tax Rebate/Credit

The President has now signed the massive $787 billion economic stimulus package into law. Unfortunately the tax credits (detailed below) that were part of the "Making work Pay" program were cut in the final bill by about $2 Billion. The income tax credit has dropped by $100 and $200 respectively, so that it would now total $400 for individuals and $800 for couples (paid in 2009 and 2010), phasing out completely at $190,000 for couples filing jointly and $95,000 for single filers. Because the credit is refundable (people can get it even if they owe no tax), most low-income workers will also qualify for the full credit.