IRS started sending letters of Economic Stimulus Payment Notice and I received that by mail today. I scanned it and posted it here (see the image at the end of the post) for quick understanding of important points from IRS notice.
H1-B visa holders dependents may have a slight problem as letter indicates that dependents must have a SSN as in many cases dependents of H1-B visa holders are in H4 visa status and possess tax-id instead of SSN. Dependents are spouse and children who are on H4 visa. If you read through last but one paragraph of payment notice letter this clause is added by IRS. Does this mean H4 visa dependents are not eligible for economic stimulus package ? This if true makes these households receive lesser amount of $600 only.
The other important points outlined in this letter are as follows
– File 2007 tax return and that makes it eligible for 130 million households to receive $600 for individuals or $1200 for joint filers
-An additional amount of $300 for each child qualifying for the child tax credit
– For tax payers with adjusted gross income (AGI) of more than $75000 (or more than $150,000 if married filing jointly), the payment will be reduced
– the last one is important for immigrants or H1-B visa holders as the clause says “must have valid social security numbers”
The notice has one important clause for immigrants – “To qualify for payment, an individual, spouse, and any qualifying child must have valid social security number”