DETROIT â€” More than 4.6 million Michigan households will begin receiving Internal Revenue Service letters next week reminding them to file a 2007 tax return in order to receive a 2008 economic stimulus payment.
The informational mailings by the IRS will begin the first week in March and continue throughout the month. The notice, titled Economic Stimulus Payment Notice, alerts people that they may be eligible for a one-time stimulus payment of up to $600 ($1,200 married filing jointly) starting in May. There also is a $300 per child payment for qualifying children younger than 17.
â€œThis is a special reminder to taxpayers that they need to do nothing more than simply file their taxes and wait for their stimulus payment,â€ IRS Spokesperson Luis D. Garcia said.
The notice is strictly informational and does not seek any financial information. The mailings will take place in three weekly batches and be sent to people who filed a tax return last year.
â€œTo 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,â€ the notice states. â€œThis 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.â€
However, some people must take an extra step this year to receive a stimulus payment. In late March, the IRS will send a separate mailing to certain recipients of Social Security and Veterans Affairs benefits.
Additional details on are available at www.irs.gov
To receive a sample copy of the mailing please respond to this email with your name, organization, and phone number.