US government begins tax rebates to stimulate economy
Lawyer News
[##_1L|1183324311.jpg|width="140" height="135" alt=""|_##]The US government began giving out tax rebates Monday in hopes the instant cash will spark consumer spending to revive an economy many analysts believe is in recession. The Internal Revenue Service (IRS) said it had begun to transfer economic stimulus payments to "millions of Americans," some of whom would see payments in their bank accounts the same day. The first beneficiaries will be people who have filed 2007 tax returns, which were due on April 15, and requested any refund to be deposited directly into their bank accounts, the IRS said in a statement.
Rebate paper checks will be mailed to those who did not opt for an electronic transfer, beginning on May 9. The IRS will issue payments of up to 600 dollars (1,200 dollars for married couples), plus 300 for eligible children younger than 17.
The rebates are available to individuals who have income of less than 75,000 dollars a year, or 150,000 dollars for a couple. People who have no requirement to file a tax form must have at least 3,000 in qualifying income, such as earned income and pension benefits, and file the form to receive a rebate.
Rebate checks will continue to be mailed through mid-July. For those who did not file by the April 15 deadline, there may be a delay in receiving the rebates, the IRS said.
The stimulus plan is expected to cost 152 billion dollars this year.
Related listings
-
Tax rebates to start going out Monday
Lawyer News 04/25/2008[##_1L|1136677849.jpg|width="128" height="81" alt=""|_##]Rebates from the 2008 economic-stimulus package are set to begin going out Monday, President Bush said, reiterating that the infusion of cash will help lift the U.S. economy out of its ongoing ...
-
Rebate checks: IRS clarifies who gets how much
Lawyer News 03/10/2008Who is eligible? More than 130 million taxpayers will receive a rebate. To qualify, you must have at least $3,000 in income to receive the minimum rebate of $300 for an individual or $600 for a couple filing jointly.Income for this purpose includes w...
-
Casinos: Poker winners must do tax form
Lawyer News 03/02/2008Starting Tuesday, it's going to get harder for poker tournament winners to bluff the tax man. Casinos will be required to report winnings of $5,000 or more to the Internal Revenue Service, and will hand gamblers a tax form to record the payout.It's a...
Is Now the Time to Really Call a Special Education Lawyer?
IDEA, FAPE, CHILD FIND and IEPs: The Individuals with Disabilities Education Act (IDEA) guarantees all children with disabilities to a free appropriate public education (FAPE). FAPE starts with a school’s responsibility to identify that a child has a disability (Child Find) and create an Individualized Education Program (IEP) to suit the needs of the child.
Forte Law Group is one of only a very few law firms within the state of Connecticut that is dedicated to exclusively representing families and children with special needs.
Parents need to be persistent, dedicated and above all else aware of the many services and accommodations that their child is entitled to under the law. As early as this point within your child’s special education, many parents will often find themselves in the situation asking, “is now the time to really call a special education lawyer?” Here are a few things to consider when asking yourself that question.