BulldogTom Posted January 29, 2008 Report Posted January 29, 2008 It looks like the first bill has passed the house and is going to the senate. Future is uncertain, but the mechanism for the rebate is in the house bill. It is an advance on the 2008 Child Tax Credit. The clients will need to know the amount they get this year when they do there taxes next year so you can plug it into the worksheet on the 2008 tax return. Remember the last time? Hopefully, IRS will give us a website to get the payment amounts. Again, I realize this is not law yet, but the bill does show how the house intends to approach the subject. Tom Lodi, CA Quote
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