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| Does anyone know which tax year ( 2006 vs. 2007 ) the $75,000/$150,000 "Limitation Based on AGI" will be applied to?
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Per CCH Tax Briefing on 'Economic Stimulus Package' dtd 2-8-08, the 'AGI limitation' is based on the 2007 tax returns filed in 2008. Obviously, extended 2007 tax returns filed by 10-15-08 will not receive rebates until late 2008, but before 12-31-08, according to CCH. Also, according to CCH, this rebate is for 2008, so that a recalculation can apparently be made based on the 2008 tax year returns filed in 2009 if it is favorable to the taxpayer.
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