Skip to main content

More Information on the Economic Stimulus Act

The IRS is mailing special information packages regarding the Economic Stimulus Act to the 20.5 million recipients of Social Security or VA benefits who did not file a tax return in 2006. The 10-page package contains everything you will need to file a 2007 tax form. It has an informational notice, tips for completing Form 1040A, a sample Form 1040A and an actual Form 1040A for your use. The package is specially designed for people who may qualify for an economic stimulus payment but who normally aren’t required to file a tax return.

Under the Economic Stimulus Act of 2008, you may be eligible for a payment of $300 ($600 for couples) even if you do not normally file a tax return. There also is an additional payment of $300 for those with eligible children under 17. However, you must file an income tax return to receive the payment.

People who don’t normally need to file can use Free File – Economic Stimulus Payment, which is available at IRS.gov. Several Free File software providers are making their products available for the simplified filing of a tax return.

More information is available on various senior information websites. Here is one link:
http://www.seniorlegalhotline.org/10-tip.html.

The Ohio Pro-Seniors office also has a good Q&A on the subject at:
http://www.proseniors.org/PDFDocs/Consumer/ESP.pdf It includes hyperlinks toIRS.gov pages that give further details.

Comments

Post a Comment

Popular posts from this blog

Knee Surgery OK for Octogenarians

Knee replacement surgery can improve the quality of life even for very elderly patients, according to a study presented at the 2009 Annual Meeting of the American Academy of Orthopaedic Surgeons (AAOS) . The study found that patients in their 80s can benefit both physically and socially from knee replacement surgery, also called total knee arthroplasty (TKA), once thought too risky for the very elderly. “As patients are living longer, there is an upward trend in the demand for quality of life among the elderly population,” said Edsel Arandia, M.D., lead author of the study and an orthopaedic surgeon at Philippine Orthopaedic Center and a Fellow at Singapore General Hospital. “As patients age, debilitating diseases like arthritis of the knee begin to develop. We conducted this study to determine the viability of TKA in octogenarians and to learn whether their quality of life improves after TKA.” Dr. Arandia and his team reviewed data from 128 patients older than 80 years of age wh...
Post a Comment
Read more

WILL YOU REALLY NEED LONG TERM CARE?

By Edward H. Adamsky             “The potentially catastrophic consequences of becoming disabled and needing long-term care is arguably the gravest financial risk that older adults face” says an Urban Institute report. But, will it happen to you? And, if so, have you saved enough money to pay for it? These are the worries we all face as we age. This is a worry even for younger folks because an accident or illness could trigger the need for care at any time.             The Urban Institute report shows that even though there are 6 million older Americans who need assistance with their activities of daily living, only about 500,000 folks are actually in nursing homes. Some use paid at-home care and many rely on unpaid family care. It seems that your chances of needing and paying for expenses care are relatively low. The stated average cost in the report is $138,000 for the ...
Post a Comment
Read more

Clifton B. Kruse, Jr., Leading Elder Law Attorney, Dies at 74

Clifton B. Kruse , Jr., a revered elder law attorney who was admired as much for his kindness and generosity to fellow practitioners as for his grasp of the law, died December 30, 2008, in Colorado Springs, Colorado. He was 74. The cause was complications from Alzheimer's disease. For many in the field, Kruse set the standard for all that an elder law attorney can and should be. One of elder law's founding fathers, he combined a gentlemanly charm, warmth and caring with one of the sharpest and most ethical of legal minds. Wrote Arizona elder law attorney Robert Fleming in a tribute , "In my third of a century of elder law practice I have never met another lawyer who managed to pull together sophistication, heartfelt empathy, intellectual rigor and courtly manner in the same fashion Clifton Kruse projected. He did it, to all appearances, effortlessly. He was a friend and mentor to many in the elder law community (I count myself among those legions)." Kruse was the e...
1 comment
Read more