Will I Get a Rebate if I Owe Money?

In a simple word: no. I believe the rebate is acting like a refund and when a refund is due, it's usually applied to the any remaining balances first. However, TaxGirl is less sure of this statement.

So, the bottom line is the jury's still out. But I'd urge, as TaxGirl says, for you to ask your tax preparer.