On February 13, President Bush signed the Economic Stimulus Act of 2008, which will give a total of $152 billion to millions of Americans.
Starting in May, the U.S. Treasury will begin sending economic stimulus payments to more than 130 million American individuals/households. To receive the payment, a 2007 income tax return must be filed - from which payments will automatically be issued to qualifying filers. Payment amounts will be based on 2007 income tax returns or information provided by Social Security Administration, Veterans Administration and/or Railroad Retirement administrators. (from the IRS Website)
For more information about these payments, see the General Information and Frequently Asked Questions sections of the IRS Website.
Comments (2)
I have been on Social security since 1993.Someone told me that I am eligible for 1,200 dollars because i am married. Then someone said it is for only people who have paid taxes, is that right if so I do not think that is fare.I have been diabled all my life,it was a struggle for me to be able to get disability. I was born with missing fingers so if that is not a disiability I do not now what is. Sincerly Bonnie
Posted by Bonnie | March 9, 2008 11:12 AM
Posted on March 9, 2008 11:12
In order to be eligible for the economic stimulus payments, taxes must be filed for 2007, even if you don't normally file them. The IRS website does a great job of answering a lot of different questions, and I highly recommend looking there for additional information.
Tax Rebate and IRS
Read here for more details about Social Security and filing for the Stimulus Payment.
Rose-MPL Librarian
Posted by Rose | March 9, 2008 1:45 PM
Posted on March 9, 2008 13:45