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Article: IRS campaign can help bring unclaimed economic stimulus payments into local communities.(Internal Revenue Service)
- Article from:
- Nation's Cities Weekly
- Article date:
- June 30, 2008
- Author:
CopyrightCOPYRIGHT 2008 National League of Cities. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Internal Revenue Service (IRS) announced a new summer campaign last week to reach retirees and disabled veterans who qualify for the federal government's 2008 economic stimulus payment (ESP), but have not filed tax returns in order to claim the payment. This campaign can help city leaders bring needed federal dollars into their communities by reaching out to residents who have not yet claimed their payments.
So far, the IRS has issued 76.5 million payments worth $63.8 billion based on the 2007 tax returns processed, and expects to issue 124 million payments to Americans by the year's end. However, new statistics released by the IRS indicate that at least 5.2 ...