my wife an I filed our taxes jointly, shouldnt we have received the full amount or $1200.00 from the IRS on th

Do you have education credits that greatly reduced your tax liability or deductions that offset most of your income?

If so, you tax liability may have been under $600 which means that you are only eligible for a $600 rebate, not the full $1200.

The law states that married couple can get UP TO $1200. Most people (along with the media) seem to be ignoring the UP TO part.

Sorry - the news stories reported the $1,200 rebate, but often forgot to mention the fine print...

You have to have at least $3,000 of qualified income to qualify for the rebate. But the amount of your rebate is based on your actual tax liability.

Look at line 44 on your tax return - This is the amount of actual taxes you paid. It has nothing to do with your refund or any amount that is due when you file your taxes. There may be some adjustments to this amount so also check line 63.

If you are single and it is over $600, then you get a $600 rebate. If it is zero you get $300. If is is $433, you get $433.

If you are married and it is $1,200 or more, you get the full $1,200 rebate. If it is zero, you get $600. If it is $760, then you get $760.

If you make too much money, then the rebate starts phasing out - and over a certain income level, you will get no rebate at all.

Your stimulus payment is based on your net federal income tax for 2007. If your tax was between $600 and $1200 on your joint return, you get back everything you paid. If your tax was less than $600, you get an even better deal, and get $600, even MORE than you paid in. If you paid over $1200 though, your rebate is limited to $1200.

The amount for a joint return is UP TO $1200, not a flat $1200 for everyone. You have to have had that much tax to get the $1200

Your tax liability must have been less than $600. Perhaps you itemized your deductions (you own your home?) which lowered your taxable income.

it all depends on how much taxes you were cut