1. What is the Economic Stimulus Act
... further expanded since that time and offers a variety of incentives for both businesses and individuals. The overall goal of the Act is to "jumpstart the economy." Individuals and couples filing Federal Income Tax Returns for 2007, even up until the late filing deadline of Oct. 15, 2008, may qualify for up to $2400 in rebates (for a family with four children and $70,000 in adjusted gross income). Other ... rebate amounts are $300 for qualifying individuals with at least $3000 in income, $600 for a head of household with $50,000 in income, $900 for a single ... buy equipment or property...
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- Grade Level: Undergraduate