May 11, 2006:
Congress Reaches an Agreement on Tax Increase Prevention and Reconciliation Act of 2005
IRS to Send Reminders About Rebates
March 1, 2008
"This payment should not be confused with any 2007 income tax refund that is owed to you by the federal government."
The 2007 refunds will be made separately from the upcoming payments, the IRS says.
The IRS notices do not seek any financial information and will go to people who filed a tax return last year.A separate mailing planned by the IRS for late March will go to certain recipients of Social Security and VA benefits. These benefits are generally nontaxable and recipients do not file tax returns.
In order to get a payment, people in this group will need to file a tax return if they received at least $3,000 from a combination of certain Social Security benefits, veterans benefits and earned income. The minimum payment for this group will be $300 for an individual and $600 for a couple filing jointly.
