The Internal Revenue Service is mailing out letters throughout the month of March to over 130 million American households, reminding them to file a 2007 tax return to receive a 2008 economic stimulus payment.
The notice alerts people that they may be eligible for a one-time stimulus payment starting in May. The notice does not seek any financial information and will go to taxpayers who filed a tax return last year.
According to the notice, “To receive a payment in 2008, individuals who qualify will not have to do anything more than file a 2007 tax return. Income tax refunds for 2007 will be made separately from this one-time payment.”
Some people do have to take an extra step. Later this month, the IRS will send a special mailing to certain recipients of Social Security and Veterans Affairs benefits. In order to receive a stimulus payment, people in this group need to file a tax return if they have at least $3,000 from a combination of certain Social Security benefits, Veterans benefits and earned income.
Details on eligibility, payment amounts and requirements are available at www.irs.gov.
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Welcome to the Norwood News, a bi-weekly community newspaper that primarily serves the northwest Bronx communities of Norwood, Bedford Park, Fordham and University Heights. Through our Breaking Bronx blog, we focus on news and information for those neighborhoods, but aim to cover as much Bronx-related news as possible. Founded in 1988 by Mosholu Preservation Corporation, a not-for-profit affiliate of Montefiore Medical Center, the Norwood News began as a monthly and grew to a bi-weekly in 1994. In September 2003 the paper expanded to cover University Heights and now covers all the neighborhoods of Community District 7. The Norwood News exists to foster communication among citizens and organizations and to be a tool for neighborhood development efforts. The Norwood News runs the Bronx Youth Journalism Heard, a journalism training program for Bronx high school students. As you navigate this website, please let us know if you discover any glitches or if you have any suggestions. We’d love to hear from you. You can send e-mails to norwoodnews@norwoodnews.org or call us anytime (718) 324-4998.