Taxpayer asks:
I haven’t done my taxes in 3 years, I don’t owe the Feds any$, will I get the stimulus funds every1 else got once I do my taxes? (via twitter)
Taxgirl says:
By law, the IRS is not able to make any economic stimulus payments after December 31, 2008.
But all is not lost. Assuming that you qualify, you may be eligible to claim the Recovery Rebate Credit (for those who missed the credit or had a change in status) in 2009 by filing a 2008 income tax return. This also assumes that you properly filed for extension – individual taxpayer returns were due on April 15, 2009. With an extension, that pushes out the date to October 15, 2009 – just 17 days away. So if you qualify, get moving.
Before you get too excited, though, I should point out that your statement that you “don’t owe” does give me pause. There are income and tax liability limits; for a refresher on who qualifies for the RRC, check out this prior post.
Like any good lawyer, I need to add a disclaimer: Unfortunately, it is impossible to give comprehensive tax advice over the internet, no matter how well researched or written. Before relying on any information given on this site, contact a tax professional to discuss your particular situation.
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