Bookkeeping Specialist LLC
We Come To You
Stimulus Payment Schedule for Tax Returns Processed by April 15 | |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
*People that have no filing requirement may still be eligible to receive a payment of $300 ($600 for married couples) if they have at least $3,000 in qualifying income.
*Qualifying income includes any combination of earned income (w-2, paychecks), nontaxable combat pay and certain benefits from Social Security, Veterans Affairs and Railroad Retirement.
*If eligible to receive the $300 (or $600 for married couples) may also be eligible for the additional $300 payment for each qualifying child (under 17).
FOR ADDITIONAL INFORMATION CLICK HERE TO GO TO THE IRS WEBSITE
*Stimulus payment will be subject to offset against outstanding tax and non-tax liabilities.
*Stimulus payment is not taxable. You will not owe tax on your payment when you file your 2008 tax return. Also the payment will not reduce or increase your refund on your 2008 return.
*Stimulus payment will not count or negatively impact any other income-based government benefits, such as Social Security, food stamps or any other program.
(information gathered from IRS pub 4665 and IRS newswire IR-2008-051)