Advance Payments From IRS

US Senior Government Information Senior Dating

The Internal Revenue Service and the Treasury Department will begin sending out advance payments this summer under the new tax law.

The first checks will go out the week of July 23, and most of the mailings will be completed by the end of September.

Single taxpayers who paid Federal income taxes for 2000 could receive up to $300. Heads of households could get up to $500, and married couples could receive up to $600. Anyone who could have been claimed as a dependent on another person's 2000 tax return is not eligible for a check.

Taxpayers should learn by mid-July how much they will receive. The IRS will send taxpayers a letter describing the check amount and the week it will be sent. The agency will also send a letter of explanation for taxpayers not eligible for the advance payment.

The IRS reminds taxpayers of several key points on the payments:

	Taxpayers don't need to do anything to receive the checks.
	Taxpayers should keep a copy of the letter sent in advance of the check for their records.
	Individuals who have not yet filed a tax return for 2000 will not get any advance payment check until the IRS processes that return.
	Taxpayers who have moved should file a change of address form with the U.S. Postal Service to ensure the checks go to the correct address. Taxpayers may also notify the IRS directly by filing Form 8822, "Change of Address."

For more information and a schedule of payments, visit the special IRS web site on Advance Payments.