How much money can I expect to receive from the rebate?

The amount of money you can expect to receive from the Economic Stimulus Payment Rebate varies based on your individual circumstances. The rebate is determined primarily by your tax filing status, adjusted gross income, and the number of qualifying dependents you claim. For individual taxpayers, the maximum rebate amount is $1,200, while married couples filing jointly can receive up to $2,400. Additionally, qualifying dependents can add an extra $500 per child to the total rebate amount. However, it's important to note that the rebate begins to phase out for individuals with an adjusted gross income over $75,000 and for married couples with an income above $150,000. The amount decreases by $5 for every $100 earned above these thresholds. To know the exact amount you will receive, refer to the IRS guidelines or consult a tax professional.