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DISABLED VETS AND SENIORS CAN STILL FILE FOR TAX
REBATE -- Those who qualify must file a return by
October 15
to receive an economic stimulus payment this
year.
For more information about the 2007 tax rebate
program, use the VA Watchdog search engine...click here...
http://www.yourvabenefits.org/sessearch.php?q=economic+stimulus&op=and
Story here...
http://www.kalb.com/index.php/news/ar
ticle/retirees-disabled-vets-still-can-file-for-2008-stimulus-payments/6668/
Story below:
-------------------------
Retirees, Disabled Vets Still Can File for 2008
Stimulus Payments
By Eric Marshall
Managing Editor
WASHINGTON — Even though April 15 has passed, the Internal Revenue Service
today reminded retirees, disabled veterans and others who normally do not
file a tax return that there is still time to submit a 2007 form to
receive an economic stimulus payment.
People who have no tax filing requirement but have at least $3,000 in
qualifying income should file a simple Form 1040A. Qualifying income
includes any combination of earned income, nontaxable combat pay as well
as certain payments from Social Security, Veterans Affairs and Railroad
Retirement.
“Don’t worry if you did not file a return by April 15. If you meet the
criteria, you are still eligible for a stimulus payment. The quicker you
file, the quicker you’ll get your payment,” said Doug Shulman, IRS
Commissioner. People must file a return by October 15 to receive an
economic stimulus payment this year.
Shulman urged friends and family members to reach
out to acquaintances or relatives who may either be unaware of the
Economic Stimulus Payment or unable to file the tax return themselves. “We
need everyone’s help to make sure all eligible people get the economic
stimulus payments,” he added.
For taxpayers who are required to file an income tax return, the IRS will
use the 2007 tax return to determine eligibility for economic stimulus
payments of up to $600 ($1,200 for married couples). There also is a
payment of $300 for each qualifying child younger than 17.
Those not required to file a return because their income is too low or
nontaxable must file a tax return to obtain their economic stimulus
payment. The Economic Stimulus Act of 2008 provides a minimum payment of
$300 ($600 for married couples) plus the $300 payment per eligible child,
if the person (or married couple) has at least $3,000 in qualifying
income.
The types of Social Security benefits that are considered qualifying
income include retirement, disability and survivor payments. Supplemental
Security Income (SSI) is not qualifying income. The types of Veterans
Affairs benefits that are considered qualifying income include disability
compensation, disability pension and survivor payments. Qualifying
Railroad Retirement payments include the social security equivalent
portion of Tier 1 benefits.
People not otherwise required to file an income tax return must file a
simple Form 1040A with basic information to ensure that they receive the
economic stimulus payment. This information includes their name; address;
dependents, if any; amount of their qualifying income (which must be
$3,000 or more); direct deposit information and their signatures. Forms
1040A and instructions are available at http://www.irs.gov.
Eligible people, including their qualifying children, must have Social
Security numbers. Also, people cannot be claimed or be eligible to be
claimed as a dependent on another’s tax return. People with Individual
Taxpayer Identification Numbers are not eligible.
There are IRS Taxpayer Assistance Centers open during the week to provide
assistance. To find an IRS office near you, go to IRS.gov and click on
“Contact IRS,” then “Contact Your Local IRS Office.” These sites offer
free tax preparation and filing for individuals and families whose income
is $40,000 or less. A select number of volunteer tax assistance sites in
local communities may also remain open. People can call 1-800-906-9887 to
find the volunteer tax assistance site closest to them.
If people want to file their own return electronically, they can still use
Free File – Economic Stimulus Payment, also available at
http://www.irs.gov .
This program provides free software and free electronic filing of Form
1040A, and it remains open after April 15.
-------------------------
posted by Larry
Scott
Founder and Editor
VA Watchdog dot Org
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