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TaxAlmanac:Featured article/February 15, 2008

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Information on Stimulus Payments

Information on Stimulus Payments

Starting in May, the Treasury will begin sending economic stimulus payments to more than 130 million individuals. The stimulus payments will go out through the late spring and summer.

The vast majority of Americans who qualify for the payment will not have to do anything other than file their 2007 individual income tax return to receive their payment this year. The IRS will use information on the tax return to determine eligibility and calculate the amount of the stimulus payments.

For more information on the stimulus payments, including the amounts and eligibility requirements:

  • View IR-2008-18, IRS Will Send Stimulus Payments Automatically Starting in May; Eligible Taxpayers Must File a 2007 Tax Return to Receive Rebate.
  • View FS-2008-15, Facts about the 2008 Stimulus Payments.

Stimulus Payment Examples

The eligibility for and amount of stimulus payments to taxpayers will vary according to their income and family situations. Here are the various scenarios:


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