
PHOENIX (3TV/CBS 5) – Last year, more than half a million Arizonans with kids got a tax rebate. But now, the IRS has made a change that will mean less money in people’s pockets. The agency says that the rebate is now subject to federal income taxes.More than 700,000 families were eligible for this tax credit for roughly $250 per child, up to three kids, for a maximum rebate of around $750.How much of that will now go to taxes? That depends on each family’s financial situation. But Arizona lawmakers on both sides of the aisle think people shouldn’t be taxed for this rebate at all. “I don’t understand why the Biden administration is singling out Arizona,” Republican Senate president Warren Petersen said.Petersen still has difficulty believing that the federal government is taxing a tax rebate. “We know that there have been many other states tha …
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