About 130 million taxpayers are expected to receive a check from the Internal Revenue Service in the coming months as part of the economic stimulus package designed to spur our lagging economy. For most of us, simply filing a tax return will result in the tax rebate. Those rebates will begin appearing in mailboxes and bank accounts in early May.
Some folks who have not typically been filing returns, particularly those whose income is in the form of tax-exempt Social Security or Veterans Affairs payments, also will have to file a return. The good news is that only a few lines of the form will need to be filled in to qualify.
Here’s a copy of the letter millions of taxpayers will be receiving shortly regarding the rebate program. (click on the image to see it full-size):
The IRS Web site has a lot of excellent data on the rebate payments that is regularly updated.
This is a .pdf image of a sample form for Social Security recipients and others who have not been required to file returns in recent years, but need to file this year to qualify for the economic stimulus payment.
Here’s a video interview I did with Oklahoma City IRS Spokesman David Stell about the rebate payments.
This mp3 audio file is Acting IRS Commissioner Linda Stiff discussing the rebate program during a Feb. 22 conference call with reporters.
And here are several recent articles that ran in The Oklahoman and NewsOK.com:
Good news from the IRS? Yes, if you file your ‘07 taxes
IRS creates link on its Web site for rebate questions
Already spending that IRS rebate? Hold your horses
If you have any questions, call the IRS at (800) TAX-1040, which is (800) 829-1040.
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Don Mecoy
Business Writer