Submitted by robgorman on February 26, 2017
I purchased a new/refresh MS60D and took delivery in September 2016. Filed our Federal income taxes in early February 2017 and just received our $7500 tax rebate in the mail. Since my wife and I both receive W2s we work our W4 form withholdings so that at the end of the tax year we don't owe the feds or the state anything, since I used to hate getting a tax refund only to have it be considered income for the same year I received it. So, for those of you who received the $7500 federal rebate in years past, is the Federal rebate taxable as income?