Some people have asked what the stimulus notification letter would say. I finally received mine so I can share it with you.
I already showed you what the envelope looks like so you don't throw it away. I scanned in the stimulus notification for my records. It states in bold print that you should save this notification for your records. I keep all my important documents in digital format. I just scan them in using my HP scanner and store them on my hard drive. I back them up online to make sure I never lose them.
Since I had it scanned in anyway, I thought I might as well share the text of the letter so you knew what to look for. We get so much junk mail these days; it's hard to tell what to keep and what to throw away. Most days I don't have time to look at the important mail, let alone sort through the junk mail.
Below are pages 1 and 2 of the economic stimulus notification letter. Click on them for a larger view.
Page 1
Page 2
Dear Taxpayer:
Your Economic Stimulus Payment
You are entitled to an economic stimulus payment of $1,500.00 as provided by the Economic
Stimulus Act of 2008. You can expect your payment by 6/6/08. If you do not receive it within six weeks of this notice, please contact us at the number shown above. You will not be required to report the amount of your stimulus payment as taxable income on your 2008 federal income tax return. If you receive any federal benefits or federally financed benefits, those benefits generally will not be affected by any stimulus payment you receive.What You Need To Do
You do not need to do anything. If you received a refund on your 2007 federal income tax return and had it directly deposited into a bank account, we will directly deposit your stimulus payment into the same bank account. If not, your stimulus payment check will be mailed to you. If your tax refund was directly deposited into a refund anticipation loan account, your stimulus payment check will be mailed to you.
How We Calculated Your Payment
Your payment is based on information you submitted on your 2007 federal income tax return such as your filing status, the number of qualifying children, and your net income tax liability. The next page shows a detailed explanation of how we calculated your stimulus payment.
Note: You will not be required to report the amount of your stimulus payment as taxable income on your 2008 federal income tax return.Details of Your Stimulus Payment Calculation
We calculated your stimulus payment based on the following rules.
Filing Status Based on your filing status, the amount of the stimulus payment is $1,200 or your 2007 net income tax liability, whichever is less. Net income tax liability is your tax before credits, including the alternative minimum tax, less all non-refundable credits other than the allowable child tax credit.However, if the net income tax liability on your 2007 federal income tax return is less than $600 and you had $3,000 or more in qualifying income, the amount of your stimulus payment is $600. "Qualifying Income" refers to wages, net earnings from self-employment that is includible in taxable income, Social Security benefits, certain tier 1 Railroad Retirement benefits, certain disability compensation, disability pension or survivors' benefits received from the Department of Veterans Affairs, and nontaxable combat pay (if it was listed on your tax return).
Qualifying Children
The calculation is based on the number of qualifying children multiplied by $300. A child is generally considered a qualifying child for the calculation of your 2008 stimulus payment if the child was born after December 31, 1990, and has a valid Social Security Number. The number of qualifying children shown on your 2007 federal income tax return was 1.
Whom You Can Contact With Questions
If you need additional information, please visit the IRS website at www.irs.gov or call 1-866-234-2942.
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Comments
16 Comments so far
So, how long was it after you received your letter for your payment to arrive? The letter said you'd have it by 6/6/08. Did it take that long? I received my letter on Saturday, 6/17. It was dated 6/16, and said I would have my payment by the 6/20.
Thanks,
Tim,
I received my payment on June 7th. I showed up right on time. I'm lucky I guess.
i'm in the 6/20 mailing but no letter. no letter - no check? or is my mail carrier just too lazy to carry all those notices? haha my mail doesn't come until after 4pm - maybe something today?
i haven't received a letter or a check either and im in the 6/20 also
Nissa - just rec'd my notice yesterday. said i should have my check by friday 6/20. let's hope your mail is just a bit slow….
Hey Chris,
Do you think if the ss # are ranging that maybe they are being mailed out that way, what was yours? Mine is 57 and are they mailing any other day but Fridays? I know they were dd more then Fridays.
Laura
Laura,
Mine was in the 26 – 38 range with payments going out by June 6.
Still doesnt answer my question are you the 26-29 or later is what I mean, I am sure there is no true way just curious.
i hate the irs, theyre so full of horsecrap its not even funny, if i ever get a hold of one im going to staple his asscheeks shut n feed him until he pops!!!
I received my letter on 6/23 and its looks just like the one posted. The only difference is on mine after Qualifying Children I have
Under Review
Your calculated stimulus payment shown above is before reduction for federal income taxes that you owed. You will receive another notice about this reduction. If you have any questions about this reduction, please call us at the telephone number shown on that notice.
Does this mean they will put the money towards my outstanding debt. Hopefull becuase that will pay it off. I like that.
carol,
Yes the IRS will detect any money you owe to the government from your check.
Thats what I thought, Thanks Chris
Hi,
i received my second notice and the IRS paid off my 2004 and 2007 taxes I owed. I am very happy that they did.
Thanks Chris
I received the notification letter of how much I was to receive and on what date, but no check.JULY 11- I saw all my friends get theirs. My son also got a letter with the same date but he got his on July 4th.
I really need that dough!!!
"I received the notification letter of how much I was to receive and on what date, but no check.JULY 11- I saw all my friends get theirs. My son also got a letter with the same date but he got his on July 4th.
I really need that dough!!!"
Same here DONNA, my date was July 11th also and I still haven't received my check. It's been about a week and a half since I got the Notification letter.
I still haven't received a letter or a check. I talked to a rep at the IRS & they told me it was mailed out the 11th of July. I wonder where the hell is it?