[NOTE TO EDITORS: Per the IRS, clubs are free to edit the information in this article to
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Where’s Your Stimulus Payment?
As part of the Economic Stimulus package, in May the government started sending out
around 130 million payments - sometimes known as rebate checks - to help jump start the
The extra money could mean a nice weekend road trip or a vacation with the grandkids.
If you did not get one yet, there’s still time if you qualify.
Here are the Top 10 Tips from the IRS on getting your summer fun money:
#10 The stimulus payments could be up to $600 for single filers and $1,200 for joint
filers. Plus, you may be eligible to receive an additional $300 credit per qualifying child.
#9 Only individuals who file a 2007 tax return with a valid Social Security number
will be eligible for the stimulus payments and only children with valid social security
numbers will qualify for the additional payment.
#8 The payments will gradually be reduced for households with adjusted gross
income levels at or above $75,000 for individuals and $150,000 for joint filers.
#7 Distribution of the payments began in May with the majority of payments being
issued in early summer, but they will continue until the end of the year. If you qualify
but have not yet filed a return, there is still time to get your money just in time for your
#6 Even if you normally don’t have to file a return, you might still qualify. Low-
income workers and recipients of Social Security, railroad retirement and certain
veterans’ benefits including pension, disability or death benefits paid by Veterans Affairs,
can qualify if they file a return reporting at least $3,000 in combined benefits and earned
#5 If you have at least $3,000 in qualifying income for 2007, including benefits, you
must file a tax return to get the stimulus payment. But it’s easy. You only need to
complete a few lines on the 1040A or 1040.
#4 If you are expecting a stimulus payment, you can check the status of your
payment on IRS.gov.
#3 Choosing Direct Deposit when you file your 2007 tax return is the fastest way to
get your money - both your refund and your stimulus payment go right into your bank
#2 IRS.gov is the best source for the latest information and answers to your stimulus
#1 And the #1 thing you need to know about this Summer's Economic Stimulus
Package… It is easy to get your payment. The vast majority of Americans need to do
just one thing – file your 2007 return – and let IRS do the rest.
Source: Internal Revenue Service Media Relations