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UPDATE: DISABLED VETS AND SSers WILL HAVE TO FILE

RETURN TO GET TAX REBATE -- IRS will require a "simple"

tax return, but they don't have all the details worked out yet.

Story below: 

-------------------------

by Larry Scott

By now, we all know that disabled veterans and Social Security recipients will be receiving a so-called "tax rebate" because of the economic stimulus package passed by Congress.  Story here...
http://www.vawatchdog.org/08/nf08/nfFEB08/nf020808-4.htm

But, exactly how that is going to happen is still somewhat of a mystery.

We do know this...veterans and SSers will have to file a 2007 tax return with the IRS to get a "rebate."

The following is from a published report found here...
http://www.projo.com/business/content/BZ_MoneyLine_Februar
y_12_02-12-08_H38VP4K_v9.295834e.html

You won’t receive a rebate automatically; you’ll have to file a federal income-tax return first.

You won’t have to actually pay any tax. But by filing a return, you’ll give the IRS the information it needs to issue you a rebate — such as your name, address, Social Security number and the amount of your income for 2007.

Remember that you generally need at least $3,000 of “qualifying income” for 2007 to be eligible for a rebate — and “qualifying income” includes Social Security benefits as well as certain types of veterans benefits.

What kind of return will you have to file? The answer isn’t clear yet. IRS spokeswoman Peggy Riley said yesterday that people in this category will have to file “a simple tax return” to qualify for a rebate.

“They’re going to have to file some type of simple return. We just don’t have all the details worked out yet,” Riley said yesterday.

Here is the IRS page for updated info on this subject...
http://www.irs.gov/irs/article/0,,id=177937,00.html

And, we'll have any updates for you right here as they become available.

-------------------------

posted by Larry Scott
Founder and Editor
VA Watchdog dot Org

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