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IRS: File your tax return or no stimulus check »

Posted by: TechnologyExpert 6 months, 3 weeks ago

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Americans eligible for tax rebates of $300 to $1,200 under the new fiscal stimulus act will not receive their payments until they file a 2007 income tax return, even if they make too little to owe any taxes, the Internal Revenue Service said on Wednesday.

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    EsaEngr6 months, 3 weeks ago

    Since the amount of rebate someone receives is based on their income, it is understandable that you would have to file a return. But, I can understand someone arguing that a good percentage of the $300. - $600 would need to go to the tax preparer.

    Good find Technology... Thanks

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    mozzer6 months, 3 weeks ago

    Well, I'll get started on my tax return then.

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      joeblowe6 months, 3 weeks ago

      "IRS officials confirmed that the payments would not be subject to federal income taxes for the 2008 tax year" - HOWEVER! this does NOT necessarily mean that the "refund" won't be added directly into "taxes due" for 2008. I don't guess they've really decided that yet. The IRS may giveth, but the IRS DEFINITELY taketh away.

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        amazed6 months, 3 weeks ago

        you know, at the risk of being a curmudgeon, if you aren't paying any taxes in the first place you can hardly get a rebate in the second place. Let's call it what it is == a handout.

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          nostalgia6 months, 3 weeks ago

          I believe it's called income redistribution

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        nikkibabe6 months, 3 weeks ago

        The Jackass wants to use our taxes to send out relief checks. Well, in a way it will reduce the loan check from China.

        What a pathetic situation after 7 years. It is more pathetic that GOP(Gay Old Party) wants 4 more years. They say Democrats will make the country worse. Can they make it any worse than what already it is?

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          texangelwings6 months, 3 weeks ago

          Ten of the seniors I spoke with today, said that they are not going pay someone to file tax papers in order to get a rebate check.

          Every penny they have is already spoken for and they don't have extra cash to put out now. And have to wait till middle of the summer to get reimbursed.

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            ghengisghan6 months, 3 weeks ago

            If you make $54,000 a year or less, you can file online, FREE at the IRS website. FREE FILE: http://www.irs.gov/ They offer a various FREE software programs to choose from.

            If your income is under $40,000 and you would like help filing (FREE), call VITA 1-800-829-1040. They have sites nationwide.

            Tax counseling for those age 60 or older is free through TCE call 1-800-829-1040. (IRS)

            To locate the nearest AARP Tax-Aide site, call 1-888-227-7669 or visit AARP's Internet site.

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          accurob6 months, 3 weeks ago

          I'm sure I will get rated down, but it's something to think about. They put a cap at 175,000 per household. If you make 175k a year you probably pay at least 35k a year in taxes. Why should they be excluded. If you are wanting to stimulate the economy, who more is going to buy more things. Why put a limit on the people that contribute the most in taxes? If you pay 35k in taxes why shouldn't you get some money back just like everyone else. It will be interesting to hear what you have to say. Is someone that makes 50k a year more deserving than someone that pays more taxes than that person?

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            TheRealizer6 months, 3 weeks ago

            I am the same way, I won't get anything back, but if the rebates allow folks to shop at Wal Mart buying chinese junk it will at least keep the shipping sector busy. And add to the obscene trade deficit. It will do nothing for manufacturing in the good old USA......

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            zindad6 months, 3 weeks ago

            Thanks for the information. This could really help us a lot. Now we will be able to save some taxes.

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