
If you pay taxes (and if it passes the Senate), in June you’ll get:
$600 for individuals
$1,200 for working couples
$300 additional per each child claimed
The rebates phase out for individuals making more than $75,000 and couples $150,000.
If you are living paycheck to paycheck, this will be a great time to catch up on you 401(k) contributions, pay off you high-interest credit card debt, start an “emergency fund”, put an extra payment on your mortgage, or start a “vacation fund”.
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