ASK THE EXPERTS ABOUT
General LGBT Aging Issues


Q Consequence of the tax rebate
  Mar 14, 2008

How will the $600 tax rebate impact seniors who receive benefits such as Medicaid, food stamps and SCRIE?


A Response from Mr. Stewart

The proposed tax rebate that the government intends to offer is still being discussed in Congress. It is important to note that at this time, it is planned as a tax rebate which means that the recipient will have had to be a tax payer who filed in 2007.

A tax rebate is declarable as income.

The proposed rebate should have no effect on Medicaid recipients or the recipients of other entitlements if they had filed taxes.

Of course, this is a question that an accountant or tax preparer needs to answer once the government decides what are the circumstances of the proposed tax rebate.

New York City residents who have income of less than 40,000. per year can all 311 for help in preparing tax returns.

Share


 



Terms of Use

Please remember that this forum is designed for educational purposes only, and experts are not engaged through this forum in rendering medical, mental health, legal or other professional advice or services. If you have or suspect you may have a medical, mental health, legal or other problem that requires advice, consult your own caregiver, attorney or other qualified professional.

Experts appearing on this page are independent and are solely responsible for editing and fact-checking their material. Neither SAGE nor any of the collaborating websites at which this forum is carried is the publisher or speaker of posted visitors' questions or the experts' material.

Questions and messages posted to this forum are not statements of advice, opinion, or information of SAGE or any of its collaborating sites. While neither SAGE nor its collaborating sites regularly reviews posted content, we reserve the right to delete, move, or edit postings if we deem it appropriate under the circumstances. Visitors submitting questions remain solely responsible for the content of their messages.