Payments begin in about two weeks and range from $600 for individuals to $1,200 for couples, plus an additional $300 per child.
Not everyone is eligible for a full rebate, however. For
single filers earning more than $75,000 and joint filers earning more
than $150,000, the tax rebate is reduced by $50 for each $1,000 of
income beyond the limits.
An
individual with no children, therefore, will not receive a tax rebate
if income exceeds $87,000 annually. The IRS provides a tax rebate calculator that can help make sense of the math.
For
late income tax filers, the IRS send rebate checks about two weeks
after the returns are processed, but not before the regularly scheduled
date.