By far, the most popular questions to “ask the taxgirl” this season have involved the tax rebates. Of those, the most asked is “Do I qualify for a tax rebate?”
To help you figure it out, here is a list of folks who do NOT qualify for a tax rebate:
1, You will NOT qualify for a tax rebate if you don’t file a 2007 tax return.
2, You will NOT qualify for a tax rebate if your net income tax liability is zero and your qualifying income is less than $3,000. Qualifying income includes wages, net self-employment income, nontaxable combat pay, Social Security benefits, certain Railroad Retirement benefits and certain veterans’ payments.
3, You will NOT qualify for a tax rebate if you are can be claimed as a dependent on someone else’s return (so yes, college students still being reported on your parents’ tax return, this means you).
4, You will NOT qualify for a tax rebate if you do not have a valid Social Security Number (if you need more information about how to get one, check here). It’s important to note that ITINs are NOT sufficient.
5, You will NOT qualify for a tax rebate if you are a nonresident alien.
6, You will NOT qualify for a tax rebate if you file any of the following returns: Form 1040NR or Form 1040NR-EZ, Form 1040PR or Form 1040SS.
Keep checking taxgirl.com for more rebate information.
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