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Is IRS paying back $500 to resident? is it true?

Is IRS paying back $500 to resident? is it true?

Yes. However, it's not $500. Filing single - $300 up to $600 (plus $300 for each qualifiying child)
Filing Married - $600 up to $1,200 ( plus $300 for each qualifiying child)

Click the link below to go to the IRS STIMULUS TAX REBATE CALCULATOR. This helpful calculator will ask you a couple of general questions and then will tell you if you qualify for the rebate and if so, it will tell you how much money you will get. This link is from www.irs.gov

After you complete the rebate calculator and you qualify, click the next link to go to the IRS website for Stimulus Rebate Schedule. Here you'll find out what day you will receive your rebate money.

I hope this helps you out!

Calculator:
http://www.irs.gov/app/espc/

Rebate schedule:
http://www.irs.gov/irs/article/0,,id=180...

Not exactly. But if you qualify, you'll get $300 to $600 depending on how much net income tax liability you had for 2007. See http://www.irs.gov/newsroom/article/0,,i... for information on the program and whether you are eligible.

600 dollar economic stimulus plan to those that qualify. Payments come in the middle of summer.

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