Special Tax Rebate Information
3/14/2008
You may be eligible for the special tax rebate of 2008 even if you normally do not file a tax return.
If you received Social Security or Veterans benefits, or are a person who isn’t required to file taxes, you may be eligible for a tax rebate from the federal government’s Economic Stimulus Act of 2008.
The only way you can receive the payment is to file a tax return even if you normally would not file one or have not filed for several years.
Eligible special rebate recipients
- Individuals qualify for $300
- People married and filing jointly qualify for $600
- Recipients must have a valid Social Security Number.
- Payment checks will be mailed in early May.
- Rebate will not affect the amount of your benefits.
- Free File - Economic Stimulus Payment is available online.
The Internal Revenue Service (IRS) will mail information packages to 20.5 million recipients of Social Security or Veterans Affairs in March. Unfortunately, all people who are not required to file income tax, but could qualify for the payment, may not receive this package. LGFCU is encouraging its members to tell friends and family about the rebate and help them complete the necessary paperwork to receive it so that no one misses out on money they are entitled to receive.
IRS mail packages include
- Step-by-step instructions
- Tips for completing Form 1040A
- Sample Form 1040A
- Actual Form 1040A to submit
- Information on tax rebate scams
When possible, LGFCU suggests you use direct deposit to place the rebate money into your credit union account. It is the fastest way to receive your payment and eliminates the chance of thieves stealing the check from your mailbox.
Finally, be aware of scams that try to trick you into giving away your rebate. Visit the official IRS Web site at www.irs.gov to learn more about current tax scams. Remember, like your credit union, the IRS does not gather information over the telephone nor does it send unsolicited e-mail to taxpayers about tax account matters.
