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by Answerbag Staff on April 26th, 2010

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Is a tax rebate taxable?

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  • by Jo Pennypacker on April 26th, 2010

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    Great Answer

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    Tax rebates are not taxable. Although many people think they have to pay taxes on federal tax rebates, that is not the case. When the government gives a tax rebate, it is a stimulus package and not taxed.

    Source:

    The Baltimore Sun: Are tax rebates taxable?

    IRS: Economic Stimulus Payment Q&As: Offsets, Taxpayers Outside the U.S. and More

    IRS: Publication 525

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