Published on Wednesday, 30 November -0001 00:00
It's like an unclaimed lottery ticket about to expire. More than one million Americans still are eligible to receive a tax stimulus rebate, but they must file a 2007 tax return by Oct. 15, 2008. Indeed, many people who receive Social Security and veterans benefits are likely to overlook this opportunity to get the stimulus payment. Persons not normally required to file a tax return may still qualify for this one-time tax stimulus, but may miss the opportunity by not filing a 2007 return. This group includes low income workers, or those who receive Social Security benefits or veterans' disability compensation, pension or survivors' benefits received from the Department of Veterans Affairs in 2007. They will be eligible to receive a payment of $300 ($600 on a joint return) if they had at least $3,000 of qualifying income. Qualifying income includes Social Security benefits, certain Railroad Retirement benefits, certain veterans' benefits and earned income, such as income from wages, salaries, tips and self-employment.
With this in mind, Liberty Tax Service is providing an immediate online tax preparation solution for filing through its eSmart Tax product, accessible on the company Web site at www.liberty
tax.com. It's easy to figure the amount of a tax stimulus rebate by using the site's tax rebate calculator. And Liberty Tax offices will provide free advice and answers to questions regarding the tax stimulus rebates or any tax issue. Those with questions can e-mail
for more information.