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Author: DeltaOne81 Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121144  
Subject: Re: Tax stimulus - 2007 vs. 2008 Date: 2/13/2008 7:49 PM
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I'm not sure how you got confused before, but neither of the two prior "prebates" has been taxable in any way. The two prior ones were prepayments of retroactive reductions in current year's taxes, as is this one. It must be accounted for when you file your return to make sure you don't get the benefit twice, but in no way is it taxable, nor does it have to be "paid back."

I was a college student at the time, so I was going based on something I read on the internet, which is never a good idea I guess ;)
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