| Paying for Your Next RV Trip |
| Use Your Economic Stimulus Rebate to pay for your RVing Activities |
Paying for Your Next RV Trip
If you are looking for ways to pay for your RV activities this upcoming season, consider the additional payment
millions of Americans will be receiving as part of the recently passed Economic Stimulus Package.
The following excerpts are information released by the IRS. “Starting in May, the Treasury will begin sending
economic stimulus payments to more than 130 million individuals. The stimulus payments will go out through the
late spring and summer.
The vast majority of Americans who qualify for an economic stimulus payment will not have to do anything other
than file their 2007 individual income tax return to receive their payment this year. They will not have to
complete applications, file any extra forms or call the Internal Revenue Service to request the payment, which is
automatic. The IRS will determine eligibility, figure the amount and issue the payment.
Stimulus payments will be direct deposited for taxpayers selecting that option when filing their 2007 tax returns.
Taxpayers who have already filed with direct deposit won't need to do anything else to receive the stimulus
payment. For taxpayers who haven't filed their 2007 returns yet, the IRS reminds them that direct deposit is the
fastest way to get both regular refunds and stimulus payments.
Basic Eligibility - The IRS will use the 2007 tax return to determine eligibility and calculate the basic amount of
the payment. In most cases, the payment will equal the amount of tax liability on the return with a maximum
amount of $600 for individuals ($1,200 for taxpayers who file a joint return) and a minimum of $300 for
individuals ($600 for taxpayers who file a joint return).
Even those who have little or no tax liability may qualify for a minimum payment of $300 ($600 if filing a joint
return) if their tax return reflects $3,000 or more in qualifying income. For the purpose of the stimulus
payments, qualifying income consists of earned income such as wages and net self-employment income as well
as Social Security or certain Railroad Retirement benefits and veterans’ disability compensation, pension or
survivors’ benefits received from the Department of Veterans Affairs in 2007. However, Supplemental Security
Income (SSI) does not count as qualifying income for the stimulus payment.”
Those who have earned income above $3,000 and Social Security recipients, certain Railroad retirees, and
those who receive the veterans’ benefits mentioned above must file a 2007 return in order to notify the IRS of
their qualifying income.
Please visit the IRS website on the Internet for additional information and details about the eligibility and
amounts of these payments.
Other Savings Options – Don’t forget the campground and RV resort savings available with your RV clubs
such as
In addition to KOA savings, many RVers make use of the savings provided by Good Sam, FMCA, and Passport
America member savings.
Return to Home Page
Return to Newsletter
If you are looking for ways to pay for your RV activities this upcoming season, consider the additional payment
millions of Americans will be receiving as part of the recently passed Economic Stimulus Package.
The following excerpts are information released by the IRS. “Starting in May, the Treasury will begin sending
economic stimulus payments to more than 130 million individuals. The stimulus payments will go out through the
late spring and summer.
The vast majority of Americans who qualify for an economic stimulus payment will not have to do anything other
than file their 2007 individual income tax return to receive their payment this year. They will not have to
complete applications, file any extra forms or call the Internal Revenue Service to request the payment, which is
automatic. The IRS will determine eligibility, figure the amount and issue the payment.
Stimulus payments will be direct deposited for taxpayers selecting that option when filing their 2007 tax returns.
Taxpayers who have already filed with direct deposit won't need to do anything else to receive the stimulus
payment. For taxpayers who haven't filed their 2007 returns yet, the IRS reminds them that direct deposit is the
fastest way to get both regular refunds and stimulus payments.
Basic Eligibility - The IRS will use the 2007 tax return to determine eligibility and calculate the basic amount of
the payment. In most cases, the payment will equal the amount of tax liability on the return with a maximum
amount of $600 for individuals ($1,200 for taxpayers who file a joint return) and a minimum of $300 for
individuals ($600 for taxpayers who file a joint return).
Even those who have little or no tax liability may qualify for a minimum payment of $300 ($600 if filing a joint
return) if their tax return reflects $3,000 or more in qualifying income. For the purpose of the stimulus
payments, qualifying income consists of earned income such as wages and net self-employment income as well
as Social Security or certain Railroad Retirement benefits and veterans’ disability compensation, pension or
survivors’ benefits received from the Department of Veterans Affairs in 2007. However, Supplemental Security
Income (SSI) does not count as qualifying income for the stimulus payment.”
Those who have earned income above $3,000 and Social Security recipients, certain Railroad retirees, and
those who receive the veterans’ benefits mentioned above must file a 2007 return in order to notify the IRS of
their qualifying income.
Please visit the IRS website on the Internet for additional information and details about the eligibility and
amounts of these payments.
Other Savings Options – Don’t forget the campground and RV resort savings available with your RV clubs
such as
In addition to KOA savings, many RVers make use of the savings provided by Good Sam, FMCA, and Passport
America member savings.
Return to Home Page
Return to Newsletter
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