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Starting in May, the Department of the Treasury will
begin sending economic stimulus payments to more than
130 million households. To receive a payment, taxpayers
must have a valid Social Security number, $3,000 of
income and file a 2007 federal tax return. IRS will take
care of the rest. Eligible people will receive up to
$600 ($1,200 for married couples), and parents will
receive an additional $300 for each eligible child
younger than 17. Millions of retirees, disabled veterans
and low-wage workers who usually are exempt from filing
a tax return must do so this year in order to receive a
stimulus payment.
As we prepare your return,
our system will calculate your eligibility for receiving
a stimulus payment. We will note this amount on
the bottom of the filing instructions for your
federal form. If we have already prepared your
2007 tax return and you do not see the amount on the
bottom of the filing instructions, please give us a call
and we will let you know the amount you can expect to
receive. If you would like to calculate the amount
for yourself, check out the
calculator on the
IRS Website.
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