Is the big government rebate going to be taxable income for 2008?

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Not taxable income According to Fox Business and MarketWatch, the federal tax rebate will not be treated as taxable income:"The rebate payment is a special credit that is expected to be paid outside of the normal calculation of income tax. It does not reduce the amount of refund a taxpayer is otherwise eligible for, cannot be counted as a payment of estimated taxes and will not be treated as taxable income in any year. " Sources: foxbusiness.com/markets/industries/media... .

I am crossing taxable income bracket line by $2k. How can I save money at this point? " "Do you know the cash-for-clunkers rebate is taxable income?

What if it puts some in a higher tax bracket? Ouch! " "Besides taxes, how does the government earn income?

" "Is the 2009 Federal Gov. Stimulus check we received in May/June($150 to? ) considered TAXABLE income?

" "Is sale of business equipment taxable income? " "is a sales rebate considered taxable income" "My child's preschool has agreed to return fees I paid for childcare. Is the returned money taxable income for me?

" "does a condo association with no taxable income need to file taxes? " "Tax question about UE. I know that UE is considered taxable income.

I have been unemployed since Sept, was initially" "Is income from a relative who lives with you-- rents a room or in-law apartment-- taxable? Relative is not a dependent.

I am crossing taxable income bracket line by $2k. How can I save money at this point?

Is the 2009 Federal Gov. Stimulus check we received in May/June($150 to? ) considered TAXABLE income?

Is a sales rebate considered taxable income.

My child's preschool has agreed to return fees I paid for childcare. Is the returned money taxable income for me?

Tax question about UE. I know that UE is considered taxable income. I have been unemployed since Sept, was initially.

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