H.R. 5172 · 110th Congress
Immediate Financial Assistance for America's Seniors Act of 2008
- Stage
- In committee
- Sponsor
- Joe Donnelly
- Introduced
- 2008-01-29
- Latest action
- 2008-01-29 · Introduced in House
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.