If you've already filed a tax return

You may have already filed but still have outstanding issues. Find out more if you:

• Haven’t gotten your economic stimulus payment,
• Received one for a different amount than you were expecting,
• Amended your tax return,
• Changed your address, or
• Are in the military, have a spouse or children with ITINs instead of valid SSNs and received a reduced or no stimulus payment

Already Filed? Visit IRS.gov for Tax Stimulus Help.

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How much will I get?

Qualifying single filers (AGI less than $75,000) will get a rebate of up to $600. Qualifying joint filers (AGI less than $150,000) will get a rebate of up to $1,200, plus $300 per dependent child.

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Family of four could get $1800

A married couple with two children, AGI of $150,000 and federal income tax liability before the child tax credit exceeding $1,200 qualifies for a basic rebate of $1,200 and an additional qualifying child credit of $600 for a total rebate of $1,800. File with TaxBrain and get your IRS rebate!

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Are there any eligibility requirements?

Yes. There are conditions to receiving your tax rebate.

• Must file 2007 tax return
• Must have earned income and/or benefits of at least $3,000
• Qualifying children must be under age 17 as of Dec. 31, 2007
• Must not exceed $75,000 AGI to receive the maximum rebate

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When will I get my rebate?

The Treasury Department will start sending out payments in early May 2008.

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Can I have my stimulus payment direct deposited?

Stimulus payments will be direct deposited for taxpayers who select that option when filing their 2007 tax returns. Taxpayers who already filed and requested direct deposit won't need to do anything else to receive the stimulus payment. Taxpayers who did not request direct deposit for their 2007 refund will receive a paper check by mail. The IRS reminds taxpayers who haven't filed their 2007 returns yet that direct deposit is the fastest way to get both regular refunds and stimulus payments. TaxBrain makes it easy to get your IRS tax rebate direct deposited.

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Will I be taxed on my rebate next year?

No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment. In the event you do not qualify for the full amount this year but you do next year, you will need to have the letter as a record of the amount you previously received.

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If I owe back taxes for a prior year, will my rebate be reduced?

Yes. For this purpose, the stimulus payment is treated like any other tax refund. This means that part or all of your payment can be used to pay past-due federal or state income taxes or non-tax federal debt such as student loans and child support. If this occurs, you will receive a letter explaining how the stimulus payment was applied.

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Will my rebate effect my eligibility for federal benefits?

No. The stimulus payments will not have any effect on eligibility for federal benefits, such as temporary assistance for needy families, food stamps or Social Security. Get your rebate and file at TaxBrain today!

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What if I've moved since I filed my 2007 tax return?

You should file a Form 8822 with the IRS and a change of address notice with the U.S. Postal Service. This will ensure your check is sent to your new address. Without your current address, the check could be returned to the IRS as undeliverable.

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Who doesn't qualify for a rebate payment?

You won't get a stimulus payment in 2008, if any of the following apply to you:

• You don't file a 2007 tax return.
• Your net income tax liability is zero and your qualifying income is less than $3,000. To determine your qualifying income, add together your wages, net self-employment income, nontaxable combat pay, Social Security benefits, certain Railroad Retirement benefits and certain veterans' payments.
• You can be claimed as a dependent on someone else's return. For example, this would include a child or student who can be claimed on a parent's return.
• You do not have a valid Social Security Number.
• You are a nonresident alien.
• You file Form 1040NR or Form 1040NR-EZ, Form 1040PR or Form 1040SS for 2007.

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Special Guidelines for Those Who Don't Normally File

To be eligible for the stimulus payment, you must have received at least $3,000 of Social Security benefits, certain Railroad Retirement benefits, certain veterans' benefits or earned income, such as income from wages, salaries, tips and self-employment.

Next, you must complete and file a 2007 tax return. The IRS has released a special version of Form 1040A specifically for those who aren't normally required to file. We have provided a fillable PDF version of the 1040A to be used for meeting this filing requirement. Only complete the items outlined in red, print the form, and mail to the IRS Service Center for your area.

Form1040A: Editable PDF

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