Saturday, March 29, 2008

Economic Stimulus Payments Help on 3/29/08

Saturday, March 29, 2008 the IRS is holding “Super Saturday” to give people an opportunity to learn how to apply for the much publicized economic stimulus payments. Many IRS locations will be open especially to help those who are normally exempt (low-wage workers, disabled veterans, retirees on a limited income) from filing a tax return. According to the IRS to receive a payment, taxpayers must have a valid Social Security number and $3,000 of income. They must also file a 2007 federal tax return. The IRS states, “Those eligible for payments will receive up to $600 ($1,200 for married couples), and parents will receive an additional $300 for each eligible child younger than 17.” For more information check with the above linked locations (call first to be sure a particular office is open), or call the helpline at 1-800-906-9887. The IRS has also created an Economic Stimulus Payments Information Center, a Frequently Asked Questions link, and an Economic Stimulus Payment Calculator.