Wednesday, April 2, 2008

Stimulus Payment Schedule

For full info, check out the IRS website. (includes an online calculator to find out exactly how much money you will receive).

Economic stimulus payments will be issued according to the last two-digits of the main filer's Social Security number.

DIRECT DEPOSIT
Last two SSN digits: Payment will be transmitted:
00 through 20 May 2
21 through 75 May 9
76 through 99 May 16

PAPER CHECK
Last two SSN digits: Payments will be mailed by:
00 through 09 May 16
10 through 18 May 23
19 through 25 May 30
26 through 38 June 6
39 through 51 June 13
52 through 63 June 20
64 through 75 June 27
76 through 87 July 4
88 through 99 July 11

To receive a payment, taxpayers must have a valid Social Security number, $3,000 of income and file a 2007 federal tax return. IRS will take care of the rest. Eligible people will receive up to $600 ($1,200 for married couples), and parents will receive an additional $300 for each eligible child younger than 17.

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