?
Persons eligible for Social Security or Social Security Supplemental Income (SSI) in November or December 2008 or January 2009 will receive a $250 check in May 2009.
No, the rebate check is an advance payment of a 2008 tax credit. The money is actually a portion of the refund or payment applied to the taxes you will file in 2009. Therefore as it is a refund check it is not taxable income.
if you filed a 2008 tax return how much would your stimulus check be?
No.
The stimulus check is not income and you should not declare it on your tax return. You will not be taxed on it and it will not reduce your refund. However, you should take the check into consideration when filling out the Recovery Rebate Credit worksheet. This worksheet is used to determine whether you might be eligible to receive even more stimulus money than you got last year.
Persons eligible for Social Security or Social Security Supplemental Income (SSI) in November or December 2008 or January 2009 will receive a $250 check in May 2009.
No, the rebate check is an advance payment of a 2008 tax credit. The money is actually a portion of the refund or payment applied to the taxes you will file in 2009. Therefore as it is a refund check it is not taxable income.
if you filed a 2008 tax return how much would your stimulus check be?
No.
The stimulus check is not income and you should not declare it on your tax return. You will not be taxed on it and it will not reduce your refund. However, you should take the check into consideration when filling out the Recovery Rebate Credit worksheet. This worksheet is used to determine whether you might be eligible to receive even more stimulus money than you got last year.
Sure. Most people can get their 2007 refunds until April 15, 2011. But it is too late to get the stimulus check based on your 2007 tax return that was mailed in 2008. If you did not get your stimulus check, you have a second chance to get a stimulus check based on your 2008 return which you are filing in 2009.
Sure. Most people can get their 2007 refunds until April 15, 2011. But it is too late to get the stimulus check based on your 2007 tax return that was mailed in 2008. If you did not get your stimulus check, you have a second chance to get a stimulus check based on your 2008 return which you are filing in 2009.
Nothing is available at this time for the year 2010. The checks that were received in the year 2009 were called Economic Recovery Payment check. The economic stimulus check was received in the year 2008.
Yes. No. The IRS, in Notice No. CP 1378, "Understanding Your Economic Stimulus Payment", mailed to recipients of the tax rebates, states "You will not be required to report the amount of your stimulus payment as taxable income on your 2008 federal income tax return." See also: http://www.factcheck.org/askfactcheck/is_the_economic_stimulus_payment_taxable.html
moot now. Stimulus checks occured in 2008, and had to be applied for by Oct. (With some few exceptions). There are none for 2009.
To receive the economic stimulus payment, you must have at least $3,000 of gross income for 2007.
Call the IRS at 1-800-829-1040.