If You Are A Seinor Citizen, Will You Get A Refund In May, Or Is It Just For People Who File Taxes?

According to the IRS:

You may qualify for a minimum payment of $300 ($600 if filing a joint return) if your tax return reflects $3,000 or more in qualifying income - which includes Social Security.

BUT YOU MUST FILE TO RECEIVE THE REBATE, even if you are not required to do so.

See the sample Form 1040A at the link below.

SSI is not eligible for the rebate. Only regular social security or permanant social security disablilty
Please go to the following website and it will explain how to file the form 1040A in order to receive the rebate. Also do not forget that a lot of disabled vets whose only income is from veterans disability check are also eligible for this rebate.

Here's Where To Find The Answer:

http://www.irs.gov/newsroom/article/0,,id=179181,00.html

Oh, And You Really Don't Need To Capitalize Every Word In A Sentence! :)

You have to file taxes to get it. But even if you normally don't file, since you don't have enough income to have to, file this year and if you have over $3000 in social security, VA disability, or railroad retirement, you'll be eligible to get $300.

not if you don't file a 2007 return, you have to file to get it.

If you are collecting social security or disablity you will receive the rebate but you have to file taxes this year only. Even though you don't owe any taxes you have to file so they can enter you into the system for the check. You can call social security office for more info.

Yes you will get a refund..... even if you do not file taxes... according to the following article:

Who Gets What and When?
Update: Feb. 16, 2008: The Internal Revenue Service (IRS), the final authority on who will get a tax rebate check and how much they will get, has issued these Facts about the 2008 Stimulus Payments.
Congress has passed the $170 billion economic stimulus bill, highlighted by Tax Rebate Checks. Based on details released by the government so far, here's how the 2008 tax rebate will work.

When Will the Checks be Mailed?
The Treasury Department has stated that the IRS will begin mailing the rebate checks starting in early May. The Treasury estimates that it should take about 10 weeks for all the checks to be mailed.

Persons who fail to file their 2007 tax returns by April 15, 2008 and request a filing extension may not receive rebate checks until as late as December.

Who Will Get Tax Rebated Checks?
Tax rebate checks will be mailed to about 117 million middle- and low-income taxpayers.

Thanks to amendments made to the bill in the Senate, some 20 million retirees living on Social Security and 250,000 U.S. veterans receiving disability benefits will also get checks.
Single tax filers with adjusted gross incomes (AGI) less than $75,000 and couples filing jointly with AGIs less that $150,000 will qualify for full rebates.

Remember that your AGI is not your annual salary or income. Your AGI is your taxable income from all sources including wages, salaries, tips, interest, dividends, etc. minus IRS-allowed adjustments to income.

How Much Will You Get?
Qualifying single filers (AGI less than $75,000) will get rebates of up to $600. Qualifying couples (AGI less than $150,000) will get rebates of up to $1,200, plus $300 per dependent child, with no maximum on the number of eligible children.

Persons who owe no income taxes, but earned at least $3,000 in income from Social Security and veterans disability will get rebate checks of $300 for individuals and $600 for couples.

If you do not normally file taxes but your income is from SSI you may be able to get a $300 or $600 refund by filing a 1040 form this year.

Enter Your Message or Comment

User Name:
User Email:
Post a comment:

Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.034
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy