You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #10: Yes, you WILL get a rebate, but you need to file a tax return [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Topic Forums » Disability Donate to DU
DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-29-08 01:50 PM
Response to Original message
10. Yes, you WILL get a rebate, but you need to file a tax return
Information for Recipients of Social Security Benefits


The IRS and Treasury will be working closely with the Social Security Administration to ensure that all eligible individuals know what to do to receive a stimulus payment.

Normally, certain Social Security payments are not subject to income tax. However, the economic stimulus law passed in February contains a special provision allowing Social Security recipients to count those benefits toward the qualifying income requirement of $3,000 and thereby qualify for the stimulus payment.

For purposes of meeting the qualifying income requirement, the following benefit needs to be reported in any combination on Line 20a of Form 1040 or Line 14a of the Form 1040A.

* Social Security benefits reported on the 2007 Form 1099-SSA, which people would have received in January 2008. People who do not have a Form 1099 may estimate their annual Social Security benefit by taking their monthly benefit, multiplying it by the number of months during the year they received the benefits, and entering the number on Line 20a of Form 1040 or Line 14a of the Form 1040A.

Supplemental Security Income (SSI) does not count as qualifying income for the stimulus payment.

http://www.irs.gov/newsroom/article/0,,id=179201,00.html
Printer Friendly | Permalink | Reply | Top
 

Home » Discuss » Topic Forums » Disability Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC