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Thread: I.R.S. Rebates
03-06-08, 07:49 PM #1
Okay guys and gals, I got this through an email today and thought it might interest you. It explains when you can expect your IRS rebate this year. Hope it helps out:
Begin forwarded message:
Pass this along to anyone you think would be interested!
I received this from our Accounting Dept. regarding the checks the government will be sending out to stimulate our economy. I read below, that this money will NOT be taxed and will NOT affect next years personal taxes! The government actually wants citizens to SPEND the money to stimulate the economy! ~~~ so spend it! ~~ SO HERE ARE THE DATES WE WILL BE RECEIVING OUR TAX RELIEF CHECKS. IT IS SCHEDULED BY THE LAST 2 NUMBERS OF YOUR SOCIAL SECURITY NUMBER.
1 00 - 09 July 23
2 10 - 19 July 30
3 20 - 29 August 6
4 30 - 39 August 13
5 40 - 49 August 20
6 50 - 59 August 27
7 60 - 69 Sept. 3
8 70 - 79 Sept. 10
9 80 - 89 Sept. 17
10 90 - 99 Sept. 24
For married taxpayers who filed a joint return, the first Social Security Number on the return determines the mailing date.Source: Internal Revenue Service
Here's the breakdown according to MSNBC:
If you made less than $75,000 in 2007, you get $600.
A couple earning less than $150,000 gets $1,200 back, plus an additional $300 per child.
If you made at least $3,000 but paid no taxes, you still get $300.
But here's where it gets tricky. The rebate is technically an "advance credit" for your 2008 taxes, leading some to believe the extra money will come out of your refund for next year.
"No," said Rudoy. "It's a one-time stimulus to the economy, and it won't affect anything that anybody has for next year."
The IRS gave Call 4 Action the same assurance.
Plus, it said you can get another $300 next year on top of the rebate check if you have a child in 2008.
And unlike years past, it won't make you pay taxes on that rebate money.
But many of you who are elderly or low-income, living off Social
Security or veterans benefits, could miss out altogether.
To get the rebate check, you must file a tax form for 2007, even if you're not required to do so. Otherwise, you're passing up what's essentially free money.
If you're unable to file on your own and cannot afford to hire someone, Call 4
Action found two organizations that will help you for free.
First is the AARP. Their hotline number is 888-227-7669. Next is the Volunteer Income Tax Assistance Program. Their number is 800-906-9887.Be courteous to all, but intimate with few, and let those few be well tried before you give them your confidence.
[George Washington (1732 - 1799)]
03-06-08, 09:43 PM #2
Damn...we gotta wait until Sept. Ah well......better than never**********************
"I used to care
but now I take a pill for that"
03-06-08, 09:49 PM #3
According to the IRS website, the Treasury Department will start sending them out in early May.
http://www.irs.gov/newsroom/article/...81,00.html#How\\` ` ` ` < ` )___/\
`` ` ` ` (3--(____)
"...but to forget your duck, of course, means you're really screwed." - Gary Larson
03-06-08, 10:03 PM #4
I filed via e-File / Direct Deposit two weeks ago and still no refund - I coulda driven up there to pick up my refund and back in the time it takes for their "instant" eFile tax refunds.
I'm sure not holding my breath till they rush my rebate to me.
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03-06-08, 11:47 PM #5
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