How Much Will You Get in Economic Stimulus Check
Use IRS Calculator
Are you eligible to receive a payment and how much
can you expect
March
19, 2008 The IRS has introduced an Online calculator to help you
determine what how much you may receive if any - as an economic
stimulus payment from the government trying to fight a sinking economy
by flooding the consumer market with cash.
The IRS will begin sending out 130 million payments
on May 2. Although these payments will be automatic for most taxpayers,
millions of senior citizens whose primary income is from Social Security
must file a return for 2007 to be eligible for the payment.
The IRS says it is to help taxpayers determine if
they are eligible to receive an economic stimulus payment and if they
are, how much they can expect.
Anyone who has prepared a 2007 income tax return
can use the calculator. It will ask taxpayers a series of questions, so
they should have their 2007 tax returns handy. After answering the
questions, the calculator will provide the projected dollar value of the
payment.
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Package 1040A-3 The mailing sent to
income workers and recipients of Social Security, certain veterans
benefits and certain Railroad Retirement benefits
