Economic Stimulus Bill

The President has signed the economic stimulus bill. The Internal Revenue Service will begin sending stimulus payments, popularly known as tax rebates, in May 2008.

To find out if you are eligible for a stimulus payment or if you have other questions about the stimulus bill, please go to the IRS website at www.irs.gov. The IRS website has the best and most up-to-date information to answer your questions about the stimulus payment.

Social Security beneficiaries, who are filing a 2007 tax return only to obtain the stimulus payment, will not need a replacement Form 1099 for IRS to determine if they are eligible to receive a stimulus payment. An estimate of Social Security benefits received in 2007 is sufficient.

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