IRS Tax Rebate - File Taxes Now Get IRS Stimulus |
||
Get Your IRS Tax Rebate
File your 2007 Tax Return and
get your IRS Rebate Check.  |
 |
|
| Starting in May, the Treasury will begin sending economic stimulus payments to more than 130 million households. To receive a payment, taxpayers must have a valid Social Security number, $3,000 of income and file a 2007 federal tax return. IRS will take care of the rest. Eligible people will receive up to $600 ($1,200 for married couples), and parents will receive an additional $300 for each eligible child younger than 17. Millions of retirees, disabled veterans and low-wage workers who usually are exempt from filing a tax return must do so this year in order to receive a stimulus payment. But there are more details to know about. Find out more here and visit this page regularly for the latest updates. |
||
|
File Your Taxe Return Before You Get Your Income Tax Rebate.
By now you have most likely heard about the federal tax rebate that was passed by President last week, with the intention of jump starting the economy. But what you may not know is that you have to file your 2007 tax return before you can get your income tax rebate check. The IRS is expecting to start mailing out checks in May. Single filers with AGI below $75,000 will get rebates of as much as $600. Couples with AGI below $150,000 will receive rebates of up to $1,200. If you are above these income limits, you may still get a rebate, but it will be phased out 5% for every dollar you are above the limit. In addition, parents will also receive $300 rebates per child under 17; there is no cap on the number of qualifying children eligible. An example: A couple with one child and $100,000 in AGI will get a rebate of $1,500 ($1,200 + $300). If they have two children, they will get $1,800 ($1,200 + $600). Tax filers who do not owe income taxes because of various credits and deductions but have at least $3,000 in income - which can include Social Security will get $300 rebates per person or $600 per couple. So, what do you have to do to get your income tax rebate check? The IRS will start mailing out the income tax rebate checks in May 2008 to taxpayers who have filed their 2007 tax returns by April 15. You must file a federal tax return for 2007. If you are not normally required to file a return, you will need to file to receive your irs tax rebate check. If you file your tax return before April 15, you can expect to receive your tax rebate check in May. If you file for an extension, then you may not get your income tax rebate check until the end of the year. Labels: File Your Tax Return to Get Your 2007 Income Tax Rebate |
||
