Schedule for Stimulus Checks
This is not Renton-specific, but all of us tax-paying Americans will be receiving stimulus checks starting in May, and it is our patriotic duty to spend them! Then we will stimulate the economy, thus the “stimulus” checks.
For the few who haven’t heard, all individuals or married couples who filed their 2007 taxes will automatically receive the stimulus payment either by direct deposit, if you had a refund direct deposited, or by check to your mailing address. The amount for most people is $600 single, $1200 married, plus $300 per dependent. You can calculate your exact amount using the IRS calculator here.
People who file a return after April 15 will still receive their economic stimulus payment, but probably about two weeks later than the schedule shows. A return must be filed by October 15 in order to receive a stimulus payment this year. According to most reports, there will be an opportunity to claim this amount during the 2008 tax year filing.
And now for the payment schedule you have all been waiting for:
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 |
Related 451press articles: check out HomeBizNet’s review of tax prep software.
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