Legal News

Over 130 million households are eligible to receive rebates under the federal government's "economic stimulus" program, with checks set to be mailed out in May. But in order to receive payment under the stimulus program, you must file a 2007 federal income tax return -- even if you are usually exempt from filing -- and have a 2007 taxable income of at least $3,000. The Internal Revenue Service's (IRS) Stimulus Payment FAQ answers a number of questions about the economic stimulus payments, with information on eligibility, payment amounts, and tax filing requirements. The IRS is advising the "millions of retirees, disabled veterans and low-wage workers who usually are exempt from filing a tax return" to file this year to ensure that they will receive a stimulus payment.