Thursday, February 14, 2008

Rebates headed to Louisiana residents

Louisiana residents who qualify for rebate checks under a federal economic stimulus package should begin receiving their checks as early as May.

Under the program, individuals are eligible for up to $600, and couples can get as much as $1,200. People with at least $3,000 in earned income, or those with at least $3,000 from any combination of Social Security, Railroad Retirement funds, and Social Security disability or veterans' benefits, would get $300 per individual or $600 per couple.

Everyone eligible for the rebates also would get an additional $300 per child listed as a dependent.

For most people, no forms or applications will be needed. People who file 2007 income tax returns this year, and qualify for the rebate, will get the checks mailed to them or deposited into their bank accounts automatically.

The Internal Revenue Service says help is available by calling the Volunteer Income Tax Assistance program that provides help to low- and moderate-income taxpayers. A toll-free number, 1 (800) 906-9887, is available to find the nearest office offering this assistance.

How much an individual receives under the rebate program depends on a number of factors, including income, how much they paid in taxes in 2007 and how many children they have living at home.

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