Life Arts

ELIGIBILITY FOR TAX REBATE

By (about the author)     Permalink       (Page 1 of 1 pages)
Related Topic(s): ; ; ; ; ; , Add Tags Group(s): , Add to My Group(s)

View Ratings | Rate It

opednews.com

Those eligible to receive a tax rebate must have a valid Social Security number and must have earned at least $3,000in 2007 which includes earned income, Social Security, Railroad Retirement and veteran’s benefits [SSI does not count ]. In order to receive a rebate, you have to file a 2007 federal tax return even if you are not normally required to-and around 20 million seniors and low-income workers aren’t-you must file one this year if you want to receive a rebate. The IRS will be using the information on your 2007 tax return to determine your eligibility and calculate the amount of your rebate. So, no tax return, means no rebate.

Taxpayers whose income is $75,000 or greater for single filers and $150,000 for married couples filing jointly will see their rebates reduced by $50 dollars for every $1,000 above the $75,000 and $150,000 income limits. Some taxpayers with children will receive an additional $300 per child. Rebate checks will range from $300 to $600 dollars for individuals and $600 to $1200 for joint filers.

Individuals will receive a minimum of $300 if they paid $0 to $300 in federal income taxes in 2007.

Individuals who paid over $600 in taxes will receive a maximum rebate of $600.

All of these numbers double for married couples filing jointly.

If you have questions about the tax rebate payments visit the IRS web site [www.irs.gov] where you will find the most up-to-date and accurate information.

Sources:

Jim Miller, Bradenton Herald, Page 18E

IRS, www.irs.org

 

An OEN Editor. Born-03/20/1934, BA Pol. Sci.-U of Washington-1956, MBA-Seattle U-1970, Boeing-Program Control-1957-1971, State of Oregon-Mental Health Division-Deputy Admistrator-1971-1979, llinois Association of Community MH (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Doctors plan to use balance billing

Native Americans: They Were Seen as Savages

Hopi Indian Nation

The Bush Legacy Propaganda

NAMI - The Nations Voice on Mental Illness

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
4 people are discussing this page, with 4 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)
I also read that if someone claims you as a depend... by Ty on Sunday, Mar 2, 2008 at 2:06:45 PM
I believe that's true-the rebate will be based... by Kenneth Briggs on Sunday, Mar 2, 2008 at 2:42:37 PM
and give me a more realistic COLA increase that wo... by john riggs on Sunday, Mar 2, 2008 at 5:25:55 PM
There's going to be people who will try to fil... by "Hoss" David P. on Wednesday, Mar 5, 2008 at 4:48:23 PM