Economic stimulus payment news
In today’s paper, I wrote a story about 69,000 Oklahomans who need to file a federal tax return this year to request an economic stimulus payment. Those Social Security and veterans’ benefits recipients typically haven’t needed to file a return because they don’t have enough income to trigger a tax liability. The IRS is trying to make sure those folks file by Oct. 15 to get their claim on the government money.
However, Oct. 15 also is the filing deadline for about 110,000 Oklahomans who received extensions to file their 2007 federal income tax returns. The agency isn’t as concerned about these taxpayers failing to file because they already have indicated their awareness of the need to file by obtaining an extension.
But the numbers of folks who haven’t yet received their stimulus checks does raise the question of whether we might see another small boost to the economy when these late filers receive their payments.
More information from the IRS here.
Don Mecoy
Business Writer
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