Information on the IRS Stimulus Refund Deadline
In 2008, a stimulus payment was issued to qualified taxpayers, disabled veterans and retirees. According to the Internal Revenue Service (IRS), more than 124 million households were eligible for the refund.
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Deadline
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An individual who was not required to file a 2007 tax return, but was eligible for a stimulus payment, had to file one by October 15, 2008.
Amount
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An individual was eligible for a $600 payment and married couples up to $1,200. A taxpayer with a qualifying child was also eligible for $300 per child. He received the above amounts or the amount of his 2007 net income tax liability, whichever was less.
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Income Limit
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Stimulus payments were gradually phased out for individuals with an adjusted gross income (AGI) of $75,000 or more, and $150,000 for a married couple. A taxpayer needed to have a minimum of $3,000 of qualifying income to receive a payment. If he did not have a net income tax liability, but met the above requirement, he was eligible for $300 (individual) or $600 (married).
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