In May, the Treasury will begin sending out payments as part of the economic stimulus package. More than 130 million households will receive between $300 and $1,200. Most people are automatically eligible after filing a 2007 federal tax return. But millions of others—including low-income workers and those who receive Social Security benefits or veterans' disability compensation, pension or survivors' benefits—may not normally file a return. If anyone you know is in this group, let them know that they must file a 2007 tax return to receive a stimulus payment.
ProSeniors and the Senior Legal Hotline have put together helpful tips sheets with answers to frequently asked questions:
For more information, visit http://www.irs.gov/ and, using the search option, go to: Stimulus Payments: Answers to Frequently Asked Questions