Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
I didn't work outside the home in 2007, would I be eligible for stimulus rebate payment?
I am a stay at home mom and graduate student. I worked in 2006 so filed taxes for that year. I didn't work outside the home at all in 2007 so didn't bother filing income tax (as there is nothing to report). Someone told me that they thought I could still be eligible for the stimulus plan rebate. Does anyone know?
3 Answers
- 1 decade agoFavorite Answer
Go to www.irs.gov and click on the link to the stimulus package.
- Richard MLv 71 decade ago
If you do not have $3,000 in "qualifying income" - which includes wages, Social Security, and VA Disability - you will be ineligible for the rebate, but you may still benefit under the plan.
While the rebate depends on your 2007 status and income, it is actually a rebate toward your 2008 taxes. According to the Economic Stimulus Act of 2008, taxes would be cut in 2008 from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.
So if you have taxable income in 2008, you will see a tax cut when you file in 2009.
- Anonymous1 decade ago
You need at least $3000 of income from a job, ssa benefits or veterans benefits. If you have none of these, you aren't eligible UNLESS you file a joint return with your spouse and he worked.
If you work in 2008, you will get a second chance at the money when you file.
