Thursday, February 14, 2008

Want rebate? Must file

President Bush signed the economic-stimulus package into law Wednesday, but as many as 10 million to 20 million Americans will need to file tax returns they didn't expect to file if they want to receive a rebate check, according to a rough estimate from the Internal Revenue Service.

Anyone eligible for the tax rebate must file a return to get a check. For most of the some 130 million Americans eligible for a payment, that means filing a return as normal, the IRS said in a news conference. The tax agency will figure out the rebate for you based on your 2007 return.

But some lower-income taxpayers and recipients of Social Security and veterans' benefits aren't normally required to file returns. If they want their stimulus payment this year, they'll have to send in a tax return.

The IRS said that it will work with the Social Security Administration, the Department of Veterans' Affairs and other organizations to ensure people eligible for the rebate are aware they need to file.

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