23 Million Seniors, Veterans and Low-income Taxpayers Must File 2007 Tax Return to Receive Stimulus Payment.Intuit's TurboTax Offers a Free, Easy Solution SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Starting today the Internal Revenue Service began an initiative to help the estimated 23 million seniors, veterans and low-income low-in·come adj. Of or relating to individuals or households supported by an income that is below average. earners, claim their economic stimulus stimulus /stim·u·lus/ (stim´u-lus) pl. stim´uli [L.] any agent, act, or influence which produces functional or trophic reaction in a receptor or an irritable tissue. tax rebate tax rebate n → devolución f de impuestos; reembolso fiscal tax rebate n → ristourne f d'impôt tax rebate . Even though they may not otherwise be required to file, these Americans must file a 2007 tax return in order to receive their economic stimulus payments. In an effort to make the process as easy as possible, TurboTax has simplified the filing procedure and is offering a free, online 1040A tax form that can be prepared and e-filed online at www.taxfreedom.com at no cost. This extra money, which will range from $300 for individuals and $600 for married couples, could make a tremendous difference for someone with a low or fixed income. Additional Info on the Stimulus Program: * These 'one-time' filers have until Oct. 15, 2008 to file the simple 1040A returns to get their rebate rebate, partial refund of the total price paid for goods or services. In the United States, rebates were historically given by railroads to favored shippers as a return on transportation charges. check. * Economic stimulus payments will be issued beginning in early May and will continue through the rest of the year. * An individual who files this simple tax return by April 15 and chooses Direct Deposit will likely be among the first group of people to receive their economic stimulus payments. * The easiest way for these 'one-time' filers to get their rebate is to e-file the simplified 1040A return and provide information to the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. so the rebate check can be direct deposited. * As noted above, 23 million seniors, veterans, disabled and low-income taxpayers MUST file a 2007 tax return to receive their tax rebate. |
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