Not too late for retirees, veterans to file for stimulus payment

By XAVIER ZARAGOZA
The Daily Dispatch
Published/Last Modified on Tuesday, July 22, 2008 6:14 PM MDT


The IRS says that it’s still not too late for retirees and veterans to file for their economic stimulus payment.


It will soon send a second set of information packets to 5.2 million people who may still be eligible, said William E. Brunson, a spokesman for the IRS.

The packages will contain everything needed by a person who normally does not have a filing requirement but who must file this year in order to receive an economic stimulus payment., Brunson said

There will be instructions, an example Form 1040A return showing the few lines that need to be completed, and a blank Form 1040A. The packages will be mailed over a three-week period starting July 21.

  “All it takes is a few simple steps, and the payment can be on its way. It’s not too late to file, but the sooner people file, the faster they’ll receive their money,” said Doug Shulman, IRS Commissioner.

   The IRS’s campaign is aimed to reach those people who have no requirement to file a tax return but may be eligible for up to $300.  The IRS has accounted for about 75 percent of the approximately 20 million Social Security and Veterans Affairs beneficiaries identified as being potential recipients, Brunson said.

   All but 5.2 million of those either filed a return, filed a joint return or were not eligible for a stimulus payment, Brunson said.

 The agency also reminded people that it has more than 400 local Taxpayer Assistance Centers operating normal business hours Monday through Friday. These centers can provide assistance to retirees and veterans trying to receive their payments. A list for addresses and office hours can be found at “Contact My Local Office.

  The Economic Stimulus Act of 2008 provided for payments of up to $600 ($1,200 for married filing jointly) for taxpayers who normally file a tax return and have a tax liability. It provided that stimulus recipients could receive another $300 for each eligible child younger than 17.

   People in this category must have at least $3,000 in qualifying income to be eligible for the minimum amount of $300 ($600 married filing jointly).  Qualifying income is the total of from Social Security, Veterans Affairs and/or Railroad Retirement benefits plus earned income, including nontaxable combat pay.

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