Question on TAX LIABILITY for the 2008 TAX REBATE??!!?

Are they going by what your tax liability is BEFORE any export tax credits or AFTER tax CREDITS are applied? For example, once my deduction, and exemptions were applied to my duty return I owed $1,199 in taxes; HOWEVER I qualified for the hope background credit and that reduced my tax liability to ZERO. I and so got a small return of $200 because that be the amount that came out of my paychecks for the year contained by federal tax. But because at the winding up of it all my TAX LIABILITY be zero does that stingy I only qualify for the $300, or will I seize the $600 because my ORIGINAL tax liablity be $1,199?


Answers:    There are a lot of wrong answers here, so you obligation to check the sources.

This is verbatim from the IRS:

Net income tax liability is the amount shown on Form 1040, Line 57 plus the amount on Line 52. For 1040A filers, it is the amount on Line 35 plus the amount on Line 32. For Form 1040EZ filers, it is the amount on Line 10.
The rebate are based upon your charge liability BEFORE any credits are taken into account. Your charge liability was $1,199 and accordingly you should receive a full $600 rebate.

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