While most people will receive stimulus checks from the IRS in June of between $600. per person or $1200.00 for a couple and an additional $300.00 for each child, some will not get them. Could you be one of them? Here are the guidelines the IRS will be following. Make sure you follow their guidelines so that when you conform, you should get a check as long as you file your tax returns before April 15th:
1. If you make more than $75,000. singly or $150,000. jointly for 2007, you won't be getting a check. If you make more than that, there is a breakdown of the percentage you will get in the IRS official website.
2. If you already owe the IRS or your State back taxes, they will more than likely deduct it from the amounts you would otherwise get. However, on the bright side, at least what you owed is being reduced somewhat by whatever the IRS takes from you now.
3. If you made less than $3000. last year, you won't be getting a check, unless your income comes from Social Security, a pension or some other source like disability, which all count towards the $3000.00 minimum needed. But you still need that minimum income to get a check.
4. If you don't file an income tax return for 2007. In past years, if you made too little money, you didn't have to file a tax return. This year, however, regardless of how much you earned (as long as its over $3000.), file your tax return if you want to get the government's incentive check.
5. Each person seeking a check must either have a valid Social Security number or an IRS-generated Individual Taxpayers Number in order to get paid.
Also, remember that the IRS will require additional information from some taxpayers so their incentive checks may take a little longer to process so they won't get them by June. Don't spend your money too early or you'll wind up paying additional interest on those bills while you wait for your check to come in the mail.
Speaking of spending your check, we have a great offer for you. A few people have told us that they'd love to come to one or more of our classes, but didn't have the available funds with which to do it. However, with your stimulus check on its way, that concern may become a thing of the past. Our offer is you can come to any of our classes from April to June and use your stimulus check to pay us in June when you receive it. We'll wait on the IRS with you and you can take our classes in the meantime. How's that sound? Our greatest interest is to share what we've learned with you so you can make your life better than it was before. So, make your reservations and join any or all of our classes and we'll wait till your stimulus check comes in to get paid.
Check out our Events Page on our Website and see which of our events interests you most. Give us a call to reserve your place and then attend and increase your knowledge and abilities and pay later.