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Millions of retirees and disabled veterans qualify for the economic stimulus payment but have not filed to claim it. Statistics indicate about 74 percent in this group are accounted for in the economic stimulus payment currently being sent, leaving about 5.2 million potential recipients remaining.

For all taxpayers, the IRS has issued 76.5 million payments worth $63.8 billion based on 2007 tax returns processed so far. The agency expects to issue 124 million payments to Americans by year’s end. Eligible individuals are receiving up to $600 ($1,200 for married couples filing joint returns) plus $300 for eligible children younger than 17.

A… Continue reading

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Starting in May, the Treasury will begin sending economic stimulus payments to more than 130 million households. To receive a payment, taxpayers must have a valid Social Security number, $3,000 of income and file a 2007 federal tax return. IRS will take care of the rest. Eligible people will receive up to $600 ($1,200 for married couples), and parents will receive an additional $300 for each eligible child younger than 17. Millions of retirees, disabled veterans and low-wage workers who usually are exempt from filing a tax return must do so this year in order to receive a economic stimulus… Continue reading

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Did I Get the Right Amount?-Economic Stimulus Payment FAQs

Q. I received a check in the mail from the federal government. How can I tell whether it is my stimulus payment?

A. Look for the words, “2008 Economic Stimulus Payment” on the front of the check, below your address.

Q. I received my stimulus payment, but it was less than what my friends and neighbors received. Why?

A. Your economic stimulus payment will be based on information provided on your 2007 income tax return.

Online Tax Return Do Your Taxes Online in Minutes. File Federal & State with Step-by-Step Help… Continue reading

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Even though the April 15 tax deadline has passed, it is not too late to file for your Economic Stimulus Payment this year. Persons who qualify for the payment must file a 2007 tax return by October 15, 2008.

File your taxes online with CompleteTax today. No hidden state fees.

Millions of people are eligible but may not know it, or think it is too late to get a payment. These are certain retirees, disabled veterans and low-wage workers who normally don’t file a tax return because their income is too low or nontaxable… Continue reading

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Consumers asked to Spend Economy Stimulus Check

As you know by now, millions of Americans will be receiving an economic stimulus payment from the IRS by the end of the summer. If you take a closer look at the phrase “economic stimulus check” what do you see? Simply put, the government wants you to spend this money to stimulate the economy. In other words, if everybody who receives a check puts it into the bank and does nothing, the results will be a total flop. Of course, this is far from realistic. But with that being said: how many people are… Continue reading

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Financial Blog Network

Related posts

• Treasury will begin sending economic stimulus payments (0)
• File for Your 2008 EconomicStimulus Payment-It's Not too Late (0)
• Economic Stimulus Act of 2008 (0)
• Did I Get the Right Amount?-Economic Stimulus Payment FAQs (0)
• Tax Rebates under the Economic Stimulus Act of 2008 (4)