August 04, 2008 // Franchising.com // (Virginia Beach, VA) A tax stimulus check could be in the mail soon for 5.2 eligible million retirees and veterans if they just file a 2007 tax return before October 15th. A tax stimulus payment won't affect other federal benefits, nor is it taxable. Liberty Tax Service will provide free advice on tax stimulus package issues.
Many people who receive Social Security and veterans' benefits are likely to overlook this opportunity to get the stimulus payment since they are not normally required to file a tax return. This group includes low income workers, or those who receive Social Security benefits or veterans' disability compensation, pension or survivors benefits received from the Department of Veterans Affairs in 2007.
They will be eligible to receive a payment of $300 ($600 on a joint return) if they had at least $3,000 of qualifying income. Qualifying income includes Social Security benefits, certain Railroad Retirement benefits, certain veterans' benefits, and earned income, such as income from wages, salaries, tips and self-employment.
"Anyone who files soon should receive their stimulus check in about six weeks," noted John Hewitt, CEO of Liberty Tax Service.
For answers to questions on the tax stimulus payments, e-mail taxrebates@libertytax.com for more information, or call 866-871-1040 to be directly connected to the nearest Liberty Tax Service office. Representatives from Liberty Tax Service are available to comment on this program as well.
About Liberty Tax Service
Liberty Tax Service is the fastest growing retail tax preparation company in the industry's history. Founded in 1997 by CEO John T. Hewitt, a pioneer in the tax industry, Liberty Tax Service has prepared over 6,000,000 individual income tax returns and currently operates over 2,700 offices throughout the United States and Canada.
Liberty Tax Service provides computerized income tax preparation, electronic filing, and refund anticipation loans. With an emphasis on customer service including audit assistance, a money back guarantee and free tax return checking, Liberty Tax Service is well known for its strong commitment to its client base.
With 39 years of tax industry experience, Hewitt stands as the most experienced CEO in the tax preparation business, having also founded Jackson Hewitt Tax Service (NYSE: JTX).
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