economic stimulu

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goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3733

3 Magic Points

Subject: economic stimulu

Sun Feb 24, 2008 1:04 pm

Has anyone heard anything new on this package? I am curious to know, I did read the following on the irs website.

Quote:

Economic Stimulus Payments Information Center

Updated Feb. 22, 2008

Starting in May, the Treasury will begin sending economic stimulus payments to more than 130 million households. Visit this page regularly for the latest updates.

Scenarios | Social Security Recipients | Veterans | Scam Alert

News Releases, Fact Sheets, FAQs and Audio Files

News Release IR-2008-18: IRS Will Send Stimulus Payments Automatically Starting in May; Eligible Taxpayers Must File a 2007 Tax Return to Receive Rebate

Fact Sheet FS-2008-15: Facts about the 2008 Stimulus Payments

Frequently Asked Questions and Answers (Updated Feb. 22)

News Release IR-2008-21: More Information on Stimulus Payments Posted to IRS.gov; New Details for Recipients of Social Security, Veterans Benefits

Listen to the Feb. 22 media briefing and the Feb. 13 media briefing on the economic stimulus checks (mp3)

IRS Acting Commissioner Linda Stiff summarizes the economic stimulus payment program. Listen in English (mp3) or Spanish (mp3).
Stimulus Payment Scenarios

What does it look like for you?

Married with Children
Married without Qualifying Children
Single (Head of Household) with Children
Single without Qualifying Children
Especially for Social Security Recipients

Many people who receive Social Security benefits are not required to file a tax return. But they need to this year to get the stimulus payment. Many can use the simpler Form 1040A. See how to fill it out in this example.

Also see:

More Information for Recipients of Social Security Benefits
Fact Sheet FS-2008-16, Stimulus Payments: Instructions for Low-Income Workers and Recipients of Social Security and Certain Veterans’ Benefits
Flyer for Social Security Recipients (PDF)
Notice 2008-28: Guidance for people not otherwise required to file a tax return.
Especially for Veterans' Benefits Recipients

Many veterans who receive benefits from Veterans Affairs are not required to file a tax return. But they need to this year to get the stimulus payment. Many can use the simpler Form 1040A. See how to fill it out in this example.

Also see:

More Information for Recipients of Veterans' Benefits
FS-2008-16, Stimulus Payments: Instructions for Low-Income Workers and Recipients of Social Security and Certain Veterans’ Benefits.
Flyer for VA Benefit Recipients (PDF)
Notice 2008-28: Guidance for people not otherwise required to file a tax return.

You can go there and look at different senarios
_________________
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Guest

Sun Feb 24, 2008 1:41 pm

I thought there was a $3000 earning limit on this package. My husband and I both worked in 2007 but I was injured due to an auto accident and didn't quite make $3000. Believe it or not I was only $45 off. I have two children but one turned 18 at the end of November. I ws still able to claim him on 2007 return. I'll check out the IRS website but if you have any other info please keep me informed.

Dorothy Lewis
Guest