Don’t fear this IRS letter

Last Revised on February 29, 2008

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Don’t be afraid to open an IRS letter that you will be receiving. Most Americans will get mail from the Internal Revenue Service next week, but it’s no cause for alarm. There is no need to be alarmed. More than 130 million households will get letters from the Internal Revenue Service beginning next week and it’s good news, not bad.

The letters are part of an extensive outreach effort to make sure people don’t miss out if they are eligible to receive a tax rebate check under the recently passed $168 billion economic stimulus plan.

The IRS letters will remind people to file a 2007 tax return so they will receive the stimulus payment. Treasury Secretary Henry Paulson said Treasury and the IRS would work hard to get the word out. “For the majority of Americans, all they will need to do is file a tax return,” Paulson said in a statement.

The IRS mailing will be titled “Economic Stimulus Payment Notice” and it will alert people that they may be eligible for a one-time stimulus payment of up to $600 for individuals or $1,200 for a married couple filing jointly.

The stimulus package that Congress passed earlier this month in an effort to give the weak economy a jump-start also includes a $300 per child payment for qualifying children younger than 17.

“The IRS will figure eligibility, figure the amount and send the payment,” the IRS letter states. “This payment should not be confused with any 2007 income tax refund that is owed to you by the federal government.”

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