Disability and Veteran Beneficiaries to Get Tax Rebates

More than 130 million taxpayers nationwide, including those who pay taxes through Social Security or veterans’ disability benefits, will receive rebate checks this year, the government announced recently. The rebate amount will range from $ 300 to $ 1,300. The move is part of the effort to revitalize the economy under the government relief bill.

The Treasury Department says the Internal Revenue Service (IRS) will begin sending out rebates in May. The amount of rebate will depend on one’s income level and number of children. To qualify for it, taxpayers must file their 2007 income tax return.

All taxpayers or those who earn at least $ 3000 will get full rebates while singles with more than $75,000 income and couples with more than $150, 000 will receive only partial rebates.

Single taxpayers will get a rebate of at least $300; couples receive at least $600. The rebate will equal the taxes they paid, up to $600 for singles and $1,200 for couples, plus an additional $300 per child.

The amount will be reduced by $50 for every $1,000 above the income limits of $75,000 for singles and $150,000 for couples.

People who earn at least $3,000 but too little to pay taxes – such as elderly people whose only income is from Social Security and veterans who live on disability payments - will get $300 if single or $600 if a couple.

People who are excluded to receive the rebates are those who earn less than $3,000, illegal immigrants, anyone who does not file a tax return, singles with incomes exceeding $87,000 and couples with incomes exceeding $174,000. The caps rise by $6,000 per child.