U.S. Congress - H.R.5172 Immediate Financial Assistance for America's Seniors Act of 2008
H.R.5172 - Immediate Financial Assistance for America's Seniors Act of 2008
To amend the Internal Revenue Code of 1986 to provide recovery rebates to certain individuals receiving social security benefits. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to provide recovery rebates to certain individuals receiving social security benefits. as introduced.
- Short: Immediate Financial Assistance for America's Seniors Act of 2008 as introduced.
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Official Summary
1/29/2008--Introduced.Immediate Financial Assistance for America's Seniors Act of 2008 - Amends the Internal Revenue Code to allow social security recipients with earned income less than $3,000 a $300 refundable tax credit ($600 for married couples filing a joint tax return) in 2008.Official Summary
1/29/2008--Introduced.Immediate Financial Assistance for America's Seniors Act of 2008 - Amends the Internal Revenue Code to allow social security recipients with earned income less than $3,000 a $300 refundable tax credit ($600 for married couples filing a joint tax return) in 2008. Reduces the amount of such credit by 5% of the amount by which the taxpayer's adjusted gross income exceeds $75,000.
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