Final Deadline for Filing Taxes and Receiving Rebate Check Approaching Quickly

Don’t forget that October 15 is the final deadline for filing your 2007 tax return. In addition, it’s your last chance to file for the economic stimulus rebate check.

As a reminder, if you file a 2007 federal income tax return, and have $3,000 or more of qualifying income (including amounts received from Social Security and certain veterans benefits) you may be eligible for a stimulus payment. Other criteria that you must meet: you must have a valid Social Security number and you can’t be claimed as a dependent by someone else.

No Need to File a Second Tax Extension

Haven’t filed your taxes yet?  No problem. 

If you requested an automatic extension, you’ve got an additional two months to file.

The automatic extension used to be just for four months, but starting in 2006, it has been extended to six months.

So if you still haven’t filed and are frantically searching for the second extension form, you can relax. 

The next filing deadline isn’t until October 15, 2007.

(Note: the extension only extends the time to file, not the time to pay.  If you expect to owe taxes, you should file your tax return as soon as possible.)