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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.

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Tags: economic stimulus payment, tax returns, tax, irs

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As the United States economy heads toward a recession, the government has responded with the Economic Stimulus Act, a bipartisan economic package intended to stimulate the slowing economy by putting money back into the hands of American workers and businesses.Facts on Economic Stimulus Act:

• Signed into law on February 13, 2008 by President George W. Bush.
• Total package worth about $168 billion over two years and will add directly to the U.S. federal deficit.
• Over $100 billion in advance payments (rebates) to 120 million American households.
• Business incentives adding up to $44 billion in tax relief.
• Allows nearly 200,000 home owners refinance their homes.
• Assists

Tags: tax returns, stimulus package, Economic Stimulus, tax rebate, tax refund

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