Deadline for Economic Stimulus Payment for Retirees, Disabled Vets Just Hours Away

Oct. 13, 2008 - Only hours remain until the Oct. 15 deadline for retirees and disabled veterans to file an income tax return that will allow them to receive an economic stimulus payment this year.

Fake emails, phone calls supposedly from IRS will want your personal financial info.

April 18, 2008

IRS Helps Low-Income Senior Citizens Qualify for Economic Stimulus Payments

A special version of a Form 1040A highlights the simple, specific sections to be filled out by low-income seniors, veterans

Feb. 19, 2008

IRS Releases Schedule for Economic Stimulus Payments, Fastest is Direct Deposit

Payments to go out weekly starting May 2 based on Social Security number

March 18, 2008

Democrats Win Battle to Add Low-Income Senior Citizens to Economic Stimulus Plan

Seniors depending on Social Security to get $300 checks in compromise

Feb. 8, 2008

Read more Senior Citizen Alerts

The Internal Revenue Service also reminds retirees and disabled veterans that the money received from the economic stimulus payment will generally have no impact on eligible for Medicare, Medicaid or other benefits.

In addition, the payment generally will not be counted as income or require the recipients to file future income tax returns.

“This really is the last chance for people to still get their stimulus payments this year. Don’t let the economic stimulus payment pass you by,” said IRS Commissioner Doug Shulman.

The Internal Revenue Service’s latest estimate indicates as many as 4.3 million recipients of certain Social Security and Veterans Affairs benefits who may be eligible for the economic stimulus payment but who have not yet claimed their stimulus payments.

People must file an income tax return in order to receive an economic stimulus payment.

For people who have no tax liability and who have no requirement to file a tax return because their income is too low or nontaxable there is a stimulus payment of up to $300 ($600 for married couples) plus the $300 payment for each qualifying child.

However, people in this situation must have at least $3,000 in qualifying income from any combination of earned income, nontaxable combat, and certain Social Security, Veterans Affairs and Railroad Retirement benefits.

Senior Citizen Alerts

Seniors Need to Act Now to Get $40 Discount on TV Converter Box for New Digital Signals

Commerce Department says orders should be made before end of year as broadcast TV becomes digital-only on February 17

Oct. 1, 2008 – Most senior citizens have paid little attention to the nation’s switch to digital television due on February 17, although, seniors will constitute the greatest portion of those affected by the digital transition - particularly low income, fixed income, disabled, homebound, minority and rural seniors.

Qualifying income from Social Security includes retirement, disability and survivor benefits. Supplemental Security Income is not a qualifying income. Qualifying income from Veterans Affairs includes disability compensation, disability pension and survivor benefits. Qualifying Railroad Retirement Board benefits include the social security equivalent portion of Tier I benefits.

Also, those who are dependents or eligible to be dependents on another’s tax return are not eligible. People must have a valid Social Security Number unless their spouse is a member of the military.