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Checks coming for trillion-dollar tax cut

Posted: Tuesday, June 19, 2001

ANCHORAGE (AP) -- The effects of a $1.35 trillion federal tax cut will show up in Alaska next month.

About 226,000 ''quick rebates'' of up to $600 will be mailed to Alaskans this summer, with most people getting checks between July 23 and Sept. 28.

The rebates, part of President George W. Bush's tax cut package, are designed to energize the sluggish U.S. economy.

Unlike the state's Permanent Fund dividend program, Alaskans will not have to apply.

''All you need to do is open your mailbox. We'll take care of everything else,'' said IRS Commissioner Charles O. Rossotti in a press release.

The checks will be the biggest tax rebate in two decades, with the IRS sending an estimated $96 million this summer to Alaskans alone.

The IRS plans in mid-July to send letters telling taxpayers how much they will receive and when checks are to arrive.

If Alaskans are not getting a check, the letter will explain why. One reason might be that they did not file a 2000 tax return.

Only Alaskans who paid federal income taxes in 2000 will receive a check. No one claimed as a dependent will receive one.

Single taxpayers could receive up to $300. Heads of household could get up to $500 and married couples filing joint returns up to $600.

The checks will arrive at different times.

Generally, the lower the last two digits of a taxpayer's Social Security number, the sooner the check will arrive.

For instance, if the last two digits are 16, taxpayers should get a check the week of July 30. If the number is 85, they probably will not get a rebate until the week of Sept. 17.

For people who moved recently, the IRS suggests they file a change of address form with the Postal Service to ensure that the check makes it to the correct place.



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