Tax rebate: Is tax rebate actually a loan to be paid back in 2009?

Yes, something like that. It will come out of your rebate in 2008.

Do we have to pay back this so called tax rebate check coming this spring? - Yahoo! Answers (http://answers.yahoo.com/question/index?qid=20080214110256AAFmxwI&show=7)

Yes, something like that. It will come out of your rebate in 2008.



No - you will not be taxed on the stimulus payment, and will not have to "pay it back." See:

Will I Have to Pay Taxes On My Rebate? (http://usgovinfo.about.com/b/2008/02/27/will-i-have-to-pay-taxes-on-my-rebate.htm)

Stimulus Payments: Answers to Frequently Asked Questions (http://www.irs.gov./newsroom/article/0,,id=179181,00.html)

Confusing, according to the link ebaines provided we won't have to pay it back. I heard, while it will not come directly out of your pocket, they are working it out so that it affects your 2008 return and the gov. will get it back so to speak.

You will not directly have to pay it back, it is not a loan, however, I am sure down the road the government will figure out a way to get it back.

Shirley

NO Stimulus tax rebate is NOT a loan.
You don't have to repay it.

Read: Your Tax Return: Are You Eligible for 2008 Stimulus Tax Rebate Payment? (http://taxipay.blogspot.com/2008/02/are-you-eligible.html)