veterans’ benefits mentioned above must file a 2007 return in order to notify the IRS of
their qualifying income.
The IRS emphasized that people with no filing requirement who turn in a tax return to
qualify for the economic stimulus payment will not get a tax bill. People in this category
will not owe money because of the stimulus payment.
Additional Payments for Parents and Others with Qualifying Children
Parents and anyone else eligible for a stimulus payment will also receive an additional
$300 for each qualifying child. To qualify, a child must be eligible under the Child Tax
Credit and have a valid Social Security Number.
Limitation
To be eligible for a stimulus payment, taxpayers must have valid Social Security
Numbers. Anyone who does not have a valid Social Security Number, including those
who file using an Individual Taxpayer Identification Number (ITIN), an Adoption
Taxpayer Identification Number (ATIN) or any other identification number issued by the
IRS is not eligible for this payment. Both individuals listed on a married filing jointly
return must have valid Social Security Numbers to qualify for a stimulus payment.
Eligibility for the stimulus payment is subject to maximum income limits. The payment,
including the basic amount and the amount for qualifying children, will be reduced by 5
percent of the amount of income in excess of $75,000 for individuals and $150,000 for
those with a Married Filing Jointly filing status.
Individuals who pay no tax and who have less than $3,000 of qualifying income will not
be eligible for the stimulus payment.
Special Circumstances for Recipients of Social Security, Railroad Retirement and
Certain Veterans Benefits
Individuals who receive Social Security benefits, Railroad Retirement benefits and
certain veterans’ benefits may have to follow special filing requirements in order to
receive the basic amount:
• Those who have already filed a 2007 return reflecting qualifying income of
$3,000 or more do not have any additional filing requirements and do not need to
do anything more to receive their payment.
• Those who have already filed a 2007 return showing less than $3,000 in
qualifying income and did not list their Social Security, Railroad Retirement or
certain veterans benefits should file a Form 1040X to list those non-taxable
benefits and qualify for a payment.
• Those who are not required to file a 2007 return but whose total qualifying
income including Social Security, certain Railroad Retirement and certain
Veterans benefits would equal or exceed $3,000 should file a return reporting