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April 2, 2008

Pagos de Estímulo Económico

The IRS sent out a reminder today that you can find information on the tax rebates in Spanish.

The information is available at Centro de Información Sobre los Pagos de Estímulo Económico.

It includes details for Spanish-speaking retirees, disabled veterans and low-wage workers who usually don’t have to file a return.

You must file a tax return for 2007 to get the tax rebate.

The IRS says its newly translated information includes the Package 1040A-3, an 8-page package of instructions, a sample Form 1040A and a blank Form 1040A. Better yet, it has everything needed to file a return now.

 Also, Free File – Economic Stimulus Payment is now available in Spanish. Just click ‘Español”  on the IRS Web site and go to the main El IRS en Español page.

The rebate is worth $300 to $600 for individuals and $600 to $1,200 for married couples filing jointly. The rebate starts phasing out once adjusted gross income tops $75,000 for singles and $150,000 for couples.

If you have children who were under age 17 last year, you may be entitled to an extra $300 per child. Young adults who can be claimed as a dependent on another’s tax return are not eligible for a tax rebate.

To be eligible for a rebate, you must have at least $3,000 in income to get the rebate. That can include wages from a job, non-taxable combat pay and certain benefits from Social Security, Veterans Affairs and Railroad Retirement Board.

Posted by Eileen Ambrose at 2:01 PM | | Comments (0)
Categories: Tax rebates
        

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