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Subject:  Re: Yet Another Tax Rebate Question Date:  1/29/2002  1:54 PM
Author:  ShyCougar Number:  57834 of 127745

cookc2: Now, when filling in TurboTax married filing jointly, when it asks how much of a rebate we received and I put in $300, our rebate goes up the other assumed $300 we are "owed." I don't think that is correct. Can anyone point me in the correct direction?

It is correct. Since you married in 2001, your taxes should be $600 lower due to the 5% tax rate reduction for the first $12000 of income for filing status MFJ. You already received $300 of that with the "prebate" check. Now you get the benefit of the remaining $300. Enjoy.

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