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July, 2008

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Wednesday, July 2nd, 2008

Recent IRS statistics show that about 74 percent of eligible senior citizens, disabled veterans and low-income workers nationwide have received their stimulus payments, leaving about 5.2 million people who have yet to claim their payments.

The IRS recently launched a campaign to reach seniors and disabled veterans who qualify for the rebates but have not taken the steps to claim them.People can receive up to $600, or up to $1,200 for married couples filing joint returns, plus $300 for each child under 17. Those who are not required to file tax returns would receive at least $300, or $600 for married couples.Most people who live on Social Security or disability would receive $300.

To claim the checks, people who do not otherwise have to file an income tax return should file Form 1040A with basic information including their name; address; dependents, if any; the amount of qualifying income, which must be at least $3,000; their direct deposit information; and signatures.  The form is due by Oct. 15.More information and the form are available at www.irs.gov.

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