Residents may be eligible for $300 tax rebate

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Poor oversight allows nursing home workers to plunder residents' trust funds, investigation finds
Poor oversight allows nursing home workers to plunder residents' trust funds, investigation finds
The federal government may owe nursing home and assisted living residents some extra spending money, thanks to President Bush's Economic Stimulus Package.

Those residents who receive Social Security, veteran's benefits or Railroad Retirement benefits of $3,000 or more will be eligible for a $300 tax rebate. The $300 tax credit will not be applied to the resident's cost of care. It is the resident's money to spend as he or she sees fit.

To apply for the tax rebate, residents or a tax preparer need to fill out the 1040 or 1040A tax form. The only information that needs to be on the form is the filer's name, address, social security number, filing status (married, single, etc) and the amount of benefits received in 2007. Individuals who received less than $3,000 must file an amended return using the 1040X. This file should include social security benefits in order to qualify. All forms should have "Stimulus Payment" written across the top.

The Volunteer Income Tax Assistance Program (800)906-9887 or the AARP Tax Counseling for the Elderly Program (888)227-7669 will provide free assistance to seniors. Additional information is available at http://www.irs.gov.