Taxpayer who qualify for the economic stimulus rebate need to file a 2007 tax return to get their rebate this year. Some people who don't usually need to file a tax return, such as retirees, may want to file a return just to get their stimulus check.
Individuals receiving Social Security benefits or veteran's disability pensions will qualify for the rebate, even if they don't have any taxable income and aren't required to file a return. The IRS estimates that some 5.2 million people in this category have yet to file a return and claim their rebate. Social Security recipients and disabled veterans would qualify for a rebate check worth $300, or $600 if married and they file jointly. That means the IRS is holding about $1.5 billion in unclaimed stimulus payments.
The IRS has developed a simplified set of instructions for retirees and pensioners to request their rebate. You can download Package 1040A-3 (pdf), which contains instructions on which lines need to be filled out before mailing it off to the IRS.
If the rebate isn't claimed this year, you will still be able to claim the rebate on next year's tax return. A recent draft of next year's Form 1040 shows a new line item for the unclaimed stimulus payment.
More stimulus rebate links from the IRS:
Stimulus Payment Calculator
Stimulus Payment FAQs
Track Your Stimulus Payment
Individuals receiving Social Security benefits or veteran's disability pensions will qualify for the rebate, even if they don't have any taxable income and aren't required to file a return. The IRS estimates that some 5.2 million people in this category have yet to file a return and claim their rebate. Social Security recipients and disabled veterans would qualify for a rebate check worth $300, or $600 if married and they file jointly. That means the IRS is holding about $1.5 billion in unclaimed stimulus payments.
The IRS has developed a simplified set of instructions for retirees and pensioners to request their rebate. You can download Package 1040A-3 (pdf), which contains instructions on which lines need to be filled out before mailing it off to the IRS.
If the rebate isn't claimed this year, you will still be able to claim the rebate on next year's tax return. A recent draft of next year's Form 1040 shows a new line item for the unclaimed stimulus payment.
More stimulus rebate links from the IRS:
Stimulus Payment Calculator
Stimulus Payment FAQs
Track Your Stimulus Payment
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