Congressman Courtney wants you to receive the rebate that you have earned when filing your taxes. While tax season is never the most welcome for wage earners, Congressman Courtney wants you to have the information so you can simply and effectively receive the refund you are entitled to.
Economic Stimulus Package
In January 2007, the Congress and White House enacted an economic stimulus package that will help to energize the sluggish economy and shorten the length and severity of a downturn.
The economic stimulus package includes billions of dollars in tax credits for small businesses, mortgage relief for struggling families caught in the subprime mortgage crisis, and tax-free rebate checks for 130 millions Americans, including approximately 1.5 million Connecticut residents and families. Senior citizens earning retirement benefits and disabled veterans with an income over $3,000 per year are also eligible to receive a rebate check.
For more information on the economic stimulus package, please click here.
Help Preparing Your Tax Return is Available
If you need help filing your income tax return, please click here to learn more about how to find help.
If you need help filing your income tax return, .The Earned Income Tax Credit
The EITC is the federal government's largest tax credit for working families; however, an estimated 20% of eligible taxpayers do not claim the EITC. Families earning less than $40,000 may be eligible for the EITC, and the credit can put an extra $4,700 back in the pockets of taxpayers. Last year, more than 22.4 million taxpayers received more than $43.7 billion in EITC returns.
Learn more about the EITC by clicking here.
Alternative Minimum Tax (AMT) - How the AMT affects 2007 Tax Filing
Last December, Congressman Courtney voted in favor of the bipartisan Tax Increase Prevention Act of 2007 [H.R. 3996], legislation that will prevent 23 million American taxpayers, including over 80,000 Second Congressional District families, from paying the Alternative Minimum Tax (AMT) this year.
The AMT was created in 1969 to ensure that 155 wealthy families paid their fair share in taxes. Congress never indexed the AMT to inflation, and the AMT would affect an additional 23 million households if this bill was not signed into law. The average AMT taxpayer will pay an additional $6,700 in taxes, and the majority of new AMT taxpayers are considered middle class.
The upcoming tax season is expected to start on time for everyone except for certain taxpayers potentially affected by the AMT. Taxpayers using five forms related to the AMT legislation will have to wait to file tax returns until the IRS completes the reprogramming of its systems for the new law.
IRS has targeted February 11th, as the potential starting date for taxpayers to begin submitting the five-related returns affected by the legislation.
Returns that include the following forms cannot be filed until February 11, 2008:
Where's My Refund?
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You filed your tax return and you're expecting a refund. You have just one question and you want the answer now - Where's My Refund?
Whether you split your refund among several accounts, opted for direct deposit to one account or asked IRS to mail you a check, you can track your refund through this secure Web site.
For more information, click here.
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