Dear Taxpayer:
We are pleased to inform you that the United States Congress passed and President George W.
Bush signed into law the Economic Stimulus Act of 2008, which provides for economic stimulus
payments to be made to over 130 million American households. Under this new law, you may be
entitled to a payment of up to $600 ($1,200 if filing a joint return), plus additional amounts for each
qualifying child.
We are sending this notice to let you know that based on this new law the IRS will begin sending
the one-time payments starting in May. To receive a payment in 2008, individuals who qualify will
not have to do anything more than file a 2007 tax return. The IRS will determine eligibility, figure the
amount, and send the payment. This payment should not be confused with any 2007 income tax
refund that is owed to you by the federal government. Income tax refunds for 2007 will be made
separately from this one-time payment.
For individuals who normally do not have to file a tax return, the new law provides for payments to
individuals who have a total of $3,000 or more in earned income, Social Security benefits, and/or
certain veterans' payments. Those individuals should file a tax return for 2007 to receive a payment
in 2008.
Individuals who qualify may receive as much as $600 ($1,200 if married filing jointly). Even if you
pay no income tax but have a total of $3,000 or more in earned income, Social Security benefits,
and/or certain
jointly).
In addition, individuals eligible for payments may also receive an additional amount of $300 for
each child qualifying for the child tax credit.
For taxpayers with adjusted gross income (AGI) of more than $75,000 (or more than $150,000 if
married filing jointly), the payment will be reduced or phased out completely.
To qualify for the payment, an individual, spouse, and any qualifying child must
Security number. In addition, individuals cannot
dependent of another taxpayer or they filed a 2007 Form 1040NR, 1040NR-EZ, 1040-PR, or
1040-SS.
All individuals receiving payments will receive a notice and additional information shortly before the
payment is made. In the meantime, for additional information, please visit the IRS website at
