Nearly $4 Million in Stimulus Checks Unclaimed in Louisville
Monday October 6, 2008
The IRS reports that $3.7 million in economic stimulus checks have gone unclaimed in Louisville – mainly because people who don’t have to file income tax returns, like the elderly or disabled, haven’t filled out the paperwork to receive their money.
“The people who haven’t claimed these checks are often the people who could use it the most,” Mayor Jerry Abramson said. “Thousands of people could be letting this one-time windfall pass them by, but it’s an easy process to get the money that’s been set aside for them.”
The IRS estimates 11,000 Louisville residents may qualify for stimulus checks. Those citizens must file a tax return by Oct. 15 in order to receive their payments. Amounts range from $300 per individual to $600 per married couple, plus a $300 payment for each qualifying child.
Retirees, citizens with disabilities or taxpayers who don’t earn enough to file tax returns may be eligible to receive a stimulus payment if they had at least $3,000 of qualifying income. Qualifying income includes Social Security benefits, certain Railroad Retirement benefits, certain veterans’ benefits and earned income, such as income from wages, salaries, tips and self-employment.
The Louisville Asset Building Coalition is working with the IRS to reach out to citizens who may be eligible for a stimulus check. LABC will hold several sessions to help people fill out the necessary forms. The first sessions will be held Monday, Oct. 6 from 9 to 11:30 a.m. and at 1:30 to 4 p.m. at Metro United Way, located at 334 E. Broadway. Applicants should bring identification, income documentation for 2007 (such as a Social Security or VA statement) and their Social Security card (plus the cards of any dependents). More sessions will be announced soon.
Tax forms are available from the LABC office in the Metro United Way building (334 E. Broadway) or the IRS office in the Mazzoli Federal Building (600 Dr. Martin Luther King Place) or online at www.irs.gov/formspubs/.
IRS news release: http://www.irs.gov/newsroom/article/0,,id=187063,00.html