Economic Stimulus Payment

It’s not too late to file for an Economic Stimulus Payment! Returns must be filed by October 1!

Some low-income workers, Social Security recipients, veterans’ benefit recipients and Railroad Retirement recipients may qualify for economic stimulus payments. In most cases, payments will range from $300 to $600 for individuals and $600 to $1200 for joint filers. Taxpayers may receive $300 for each qualifying child.

Most taxpayers do not need to take any extra steps to receive the payment beginning in early May. However, individuals who might not otherwise be required to file a 2007 tax return must file a return this year to receive the stimulus payment. The return must show at least $3,000 in qualifying income.

Stimulus-Only Filers can file for FREE through the IRS Free File program. Please share this important information with your clients. The IRS has created a special web page for organizations that contains one-page flyers, envelope stuffers, package 1040A-3 (a 10-page booklet that contains everything certain people need to file a return today), radio PSAs, logos, etc. Go to www.helpmnsave.org for more information.