If I Owe Taxes, Will I Get a Stimulus Payment?

By: AARP Tax-Aide | Source: AARP Tax-Aide

Q: Am I still eligible for the economic stimulus if I owe taxes for 2007 or have past tax debts?
 
A: Tax debt will not affect your eligibility for a stimulus payment. But you won't receive it; it will be applied to your past-due taxes. The IRS will send you a letter detailing what happened to your payment.
 
These questions are actual inquiries submitted by taxpayers to our AARP Tax-Aide Program. The AARP Tax-Aide Program is a volunteer-run, free tax-preparation and assistance program offered to low- and middle-income taxpayers with special attention to those ages 60 and older. Our volunteers are trained and IRS-certified to understand individual federal-tax issues. Our volunteers provide tax assistance as a public service and cannot guarantee the accuracy of the information provided.

More Articles on Personal Finance »

Comments

preview


Member Benefit, Life Insurance
Financial Benefits and Services