Are tax rebates taxable?

[Liberal]

Are tax rebates taxable?

[Fear_Itself]

http://www.irs.gov/newsroom/article/0,,id=182003,00.html

Q. Is my stimulus payment taxable?

A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment.

[Liberal]

Thanks, Fear!