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Showing posts with label IRS. Show all posts
Showing posts with label IRS. Show all posts

Problems with Rebate Checks....

About 350,000 eligible households that have received rebates didn't receive the additional $300 payment for their children. In some cases, the extra payments were withheld because people failed to check a box on their tax return indicating to the IRS that their children were eligible, IRS spokesman Terry Lemons says.

In other cases, the error occurred because a few tax software companies failed to provide the information the IRS needed to make the payments, Lemons says. The IRS plans to mail a "catch-up payment" to the parents by July.

Taxpayers who filed jointly with a spouse who doesn't have a Social Security number won't receive a rebate at all. They include thousands of legal residents whose spouses have applied for a Social Security number but haven't received one yet.


Starting in late April, the Treasury began 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.


Economic stimulus payments will continue on a weekly basis through July. The last two-digits of your Social Security number and whether you opted for direct deposit into your financial account or a paper check will determine when you receive your payment.