News from the Public
Information Contacts: Linda Van Zandt / Joanne Vuoso / Lisa Krueger 908.231.7020 publicinfo@co.somerset.nj.us
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February
25, 2008
Individuals Must
File to Get Stimulus Payment
Most people will automatically receive the
economic-stimulus rebates signed into law by President Bush.
However, individuals
who might not otherwise be required to file a 2007 tax return will need to file
a return this year in order to receive the stimulus payment. They can use
the regular 1040 form.
The stimulus package includes rebates to
approximately 130 million taxpayers with qualifying earned income. With
pressure from many, including AARP, Congress added $300 rebates for 20 million
low-income, older Americans and 250,000 disabled veterans.
The basic plan will grant $600 payments for
individuals and $1,200 for couples, plus $300 for each child younger than 17.
Eligibility will begin to be phased out at $75,000 in adjusted gross
income for individuals and at $150,000 for couples. Workers who earned $3,000
last year – too little on which to pay income taxes – will be eligible for
payments of $300.
Those $300 payments will also go to seniors, disabled
veterans and veterans’ widows who could show $3,000 in Social Security or
veterans' disability benefits. Recipients must have a valid Social Security
number.
In
Volunteers are currently working in Raritan and
Manville,