The IRS has recently announced that hundreds of thousands of stimulus and rebate checks havent made it to their intended recipients.
The tax relief checks help to reduce your tax burden and provide you with extra funds.
Individuals who have at least 3,000 in qualifying income, and who did not receive their stimulus rebate in 2008 or whose rebate is higher when calculated using their 2008 financial information.Who's Not Eligible for the Rebate?Moreover, you won't have to pay back the money to the IRS.IRS Recovery Rebate amount you may get: 300 if you've received at least 3000 in Social Security and nontaxable veteran benefits.What's the Maximum Recovery Rebate Credit?How Will the Recovery Rebate be Calculated?But, the payment will not be sent in the form of mailed check or direct deposit into your bank account.
Also ineligible are non-resident aliens, anyone without a valid Social Security Number, and estates and trusts.
600 per person if you're a single filer and have received 3000 as wages in 2008.
People who fall into the categories described below may be eligible for the recovery rebate credit in their 2008 return: Individuals who did not receive an economic stimulus payment.
If youre filing electronically, the software will figure the credit for you.
Supplement Security Income or SSI is not considered as qualifying income.In other words, it was a tax on prudence, paid to the profligate, and sure to lead us down the path of more bad loans and financial crashes in the future.First, it decreases the value of a dollar: the government printed up more money, but didnt create more value, so we all have more bills, each of which buys less stuff.Obviously, the IRS is holding on to money that would otherwise be ours to spend.The best way to find out how much you'll receive is to use the.Direct Deposit Issues, the IRS prefers to send out refunds via american dj revo sweep led lichteffect direct deposit.You can blame out-of-date mailing addresses and social security number snafus.Families who gained an additional qualifying child in 2008.