Tampa Florida Resident's: Make Sure You Get Your 2007 Economic Stimulus Payment

Beginning in May, the IRS will send one-time economic stimulus payments to more than 130 million households across America. Most people who are eligible for a stimulus payment will receive it automatically, provided they file a 2007 federal income tax return.

What do I have to do?

Most people need not do anything to get their payment. The payment is automatic when you file your 2007 tax return. The IRS will use your return to determine eligibility and figure
the payment amount.

How much will I get?

In most cases, you'll get an amount equal to your tax liability on the return, up to $600
for individuals ($1,200 for taxpayers who file a joint return). You may get more if you
have qualifying children.

What if I don't need to file?

Even if you have little income and don't normally file a return, you may need to take a
special step to get a payment of up to $300 ($600 on a joint return). Here's what you
do. See if you had at least $3,000 from any combination of these income sources:
wages, self-employment or certain Social Security or Railroad Retirement benefits,
or from veterans' disability compensation, pension or survivors' benefits from the
Department of Veterans Affairs. If you did, then fill out a few simple lines on a Form
1040A or Form 1040 to qualify for your payment.


To get more information about how to get your economic stimulus payment visit the IRS Web site: http://www.irs.gov/

Tampa Bay Area Realtors