What is it? It's an economic stimulus payment that is not taxable and it won't reduce your 2007 or 2008 refund or increase the amount you owe when you file your 2008 return. Who is eligible? The majority of people who file a 2007 income tax return qualify, and many who don't regularly file a tax return may qualify as well. You're eligible if you have a valid Social Security number (SSN), can't be claimed as a dependent on a tax return and have either an income tax liability or "qualifying income...
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