Immediate Financial Assistance for America's Seniors Act of 2008
Last action on Jan 29, 2008Referred to the House Committee on Ways and Means.
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Summary
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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