In May, the Treasury will begin sending economic stimulus payments to more than 130 million households. To receive a payment, a taxpayer must have a valid Social Security number, $3,000 of income and file a 2007 federal tax return. The IRS will take care of the rest. Eligible taxpayers will receive $300 to $600 if single or $600 to $1,200 if married filing jointly. Millions of retirees, disabled veterans and low-wage earners who usually are exempt from filing a tax return must do so this year to receive a stimulus payment.
The LITC Program office will use this site to respond to your questions and post the most current information concerning the economic stimulus payments.
Economic Stimulus Payment Calculator - This online calculator provides an estimate of the stimulus payment. The taxpayer must answer a few questions and the calculator will do the rest.
Economic Stimulus Payment Schedule - Payments will start May 2. The last two digits of the taxpayer’s Social Security number, and whether he or she opted for direct deposit or a paper check, will determine when the payment will be received.
Combat Pay Can Count toward Economic Stimulus Payment Eligibility!
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