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Old 02-24-2008, 01:17 PM
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Which Taxpayers will not be getting a Tax Rebate check?

According to the IRS, taxpayer's woud not get a "stimulus payment in 2008, if any of the following apply" to that taxpayer;

1. The Taxpayer has not filed a 2007 tax return.

2. The Taxpayer's net income tax liability is zero and her qualifying income is less than $3,000. (See Note 1 below for how this is determined).

3. If the Taxpayer can be claimed as a dependent on someone else’s return.
This would include "a child or student who can be claimed on a parent’s return."

4. The Taxpayer does not have a valid Social Security Number.

5. The Taxpayer is a nonresident alien, "files a Form 1040NR or Form 1040NR-EZ, Form 1040PR or Form 1040SS for 2007."

Note 1:How does a Taxpayer calculate his or her Qualifying Income?
The Qualifying Income for a Taxpayer is determined by combining his or her Wages, Net Self-Employment Income, Nontaxable Combat pay, Social Security benefits, certain Railroad Retirement benefits and certain Veterans’ payments.

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Old 02-24-2008, 02:48 PM
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Tax Rebates Eligibility!

What this means is that effectively most if not all US taxpayers may be eligible for the Tax Rebates!

Nice going Congress!



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