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Seniors urged to file taxes to qualify for rebate checks

TICONDEROGA Tax rebates checks will soon be coming from the federal government as part of the 2008 economic stimulus plan. But there is a catch for some senior citizens, according to John Rayno of Upstate Accounting in Ticonderoga. To get a rebate check, people must file a tax return; either a form 1040 or 1040-EZ federal tax return for tax year 2007. People who do not normally not file tax returns like retirees and disabled veterans will have to file a 2007 tax return in order to get a rebate check. It is very important to inform seniors that do not normally file a tax return because of their income, that they must file a return to be eligible for the tax rebate check, Rayno said. To assist senior citizens, Upstate Accounting is offering a special program. I am offering a special price to seniors that do not normally do their taxes for $40, and I will allow them to pay me after they receive their checks, Rayno said. The 2008 Tax Rebate Stimulus Package was adopted last month in an effort to spark the struggling U.S. economy. Rayno explained the rebate program: Individuals who earned more than $3,000 and paid no taxes will get a $300 rebate. People who earned more than $3,000 and paid taxes who get a $600 rebate. People with qualifying dependent children will get $300 per child. Individuals with incomes between $75,000 and $87,000 get less. Those individuals earning more than $87,000 will get no rebate. Couples who earned more than $3,000 and paid no taxes will get a $600 rebate. Couples who earned more than $3,000 and paid taxes who get a $1,200 rebate. Couples with qualifying dependent children will get $300 per child. Couples with incomes between $150,000 and $174,000 get less. Couples earning more than $174,000 will get no rebate.

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