When will I receive my tax rebate check?

Here’s a detailed breakdown on What’s In, What’s Out and Who Benefits from President Obama’s Economic Stimulus Package: WHAT’S IN • Tax rebates: Checks of at least $300 for almost everyone earning a paycheck, including low income earners who make too little to pay income taxes, so long as they earned at least $3,000 in 2007. Families with children would receive an additional $300 per child, while those paying income taxes could receive higher rebates. €¢ Business tax write-offs: Spur business investments with bonus depreciation and more generous expensing rules.

€¢ Housing rescue: Allow more subprime mortgage holders to refinance into federally insured loans by raising the limit on Federal Housing Administration loans from $362,790 to as high as $729,750 in expensive areas. Increase the availability of mortgages by providing a one-year boost to the cap on loans Fannie Mae and Freddie Mac can buy, from $ ... more.

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