Economic stimulus payment information including where to find out how much you will receive
I’ve seen a lot of talk (and confusion) about this in the blogosphere over the past couple of months, and I think I have a pretty good handle on what exactly will happen and what you have to do to receive your check so I wanted to post a bit of information, including how to find out exactly how much you will receive! According to a Reuters news report from yesterday the IRS will begin issuing payments on May 2 and expected to complete the first round on July 2. Payments will be issued based on the last two digit’s of the taxpayer’s social security number and you must file a 2007 tax return to receive a payment.
More information after the jump, including where to go to determine how much you qualify for!
The payments are part of a $152 billion economic stimulus package signed into law last month by President George W. Bush to try to stave off recession amid a deepening housing and credit market crisis.
The IRS said it expects to make about 34 million payment within the first three weeks after it starts distribution on May 2.
Choosing the direct deposit option for their normal federal tax refund will speed the stimulus payments to taxpayers. Those who who choose this option on their tax returns can expect to receive their payments between May 2 and May 16 provided their returns were received and processed by April 15.
For taxpayers who did not choose direct deposit on their tax return but whose returns were processed by April 15, paper checks will be put in the mail starting on May 16, with initial mailings completed by around July 11.
The IRS has set up an Economic Stimulus Package calculator so you can determine if you qualify and if so, how much you will be receiving. Click here to check it out.
And when exactly can you expect to see an actual check? As stated above, it depends on the last two digits of your social security number, but also depends on whether you choose to receive a direct deposit payment or a paper check. Check out the calendar below:
Direct deposit payment
If last 2 digits of your SS# are: Your rebate should be sent by:
00-20 May 2
21-75 May 9
76-99 May 16
Paper check
If last 2 digits of your SS# are: Your rebate should be sent by:
00-09 May 16
10-18 May 23
19-25 May 30
26-38 June 6
39-51 June 13
52-63 June 20
64-75 June 27
76-87 July 4
88-99 July 11
Hopefully this helped answer some of the questions anyone may have had but if you still have any feel free to leave them in the comments and I’ll try and help out as best I can. 
18 Comments »
jinx Says :
March 18, 2008 at 5:08 pm
thanx d00d!
LuckyShamrock Says :
March 19, 2008 at 8:56 am
Well I’d just like to say thank whatever higher power there is (not George Bush) for direct deposit and the future stimulation of my bank account.
WOOT!!!
Heather in Richmond Says :
March 19, 2008 at 3:53 pm
OK, call me a hippie, but something about this whole economic stimulus check thing just does not sit right with me. I almost feel like this is an STFU payoff by the feds. You know, like “pay no attention to our war for oil while we give you free money to go buy a bunch of junk you don’t need.”
FWIW, my hubby and I plan to stimulate the German economy by buying an Audi A3. Yay capitalism!
Terry Carter Says :
March 19, 2008 at 4:14 pm
I’ll be using mine to make a payment on my student loans. Kinda my little “FU” to the Bush administration who is partly responsible for them being so damn HIGH.
Too Progressive » Bush visits Virginia and predicts a bright sunny future for the economy Says :
March 26, 2008 at 1:13 pm
[…] company. After doing so he predicted happy days ahead (yeah right) thanks to the recently enacted economic stimulus package. President Bush says the sagging economy will “come out stronger than ever before” with […]
takeova Says :
May 3, 2008 at 1:50 pm
so do we ask for direct deposit or it is being direct deposited since that’s how i filed for my taxes?
takeova Says :
May 3, 2008 at 1:52 pm
ihaven’t received my deposit yet and its may3. my last two digits of my ssn# fall between 0-20 ???
Mel Says :
May 9, 2008 at 9:39 am
We did not receive ours through our bank yet either. The last four digits of our number is 59, and we did do direct deposit way before April 15.
Lynne Says :
May 12, 2008 at 12:44 pm
I didn’t get mine either, my last 2 are 61 so I should have received mine by may 9th. What is going on?
Terry Carter Says :
May 12, 2008 at 12:54 pm
I received mine on Friday and my last two are 57. Are you sure you got direct deposit? I believe everyone who received their’s via D.D. should have received their payment already…
Carol Says :
May 16, 2008 at 11:49 am
What if you don’t receive your stimulus payment when you know you are entitled to one, I can’t seem to find anyway to contact a person to help and we could really use this money. We filed our taxes early and did get our refund direct deposited within a relatively short period of time. Thanks for your help.
Amanda Says :
May 18, 2008 at 2:53 pm
How will we know if we are getting a rebate and if so why it was not deposited in the checking account on the dates they have listed. any info that you can give to help with this matter
Peg Says :
May 19, 2008 at 12:31 pm
we are married filing jointly and only got one 600.00 refund on the 16th. Is this right or do we have another 600.00 coming
GS Says :
May 20, 2008 at 9:45 am
I got a notice saying that my deposit would go in on May 16, which is correct according to the schedule. It didn’t - I did direct deposit, filed early and I can’t find any number to call to see what happened. Can anyone help?? Thanks, GS
GS Says :
May 20, 2008 at 9:58 am
P.S. I found the IRS site where you’re supposed to get status - all it tells me is that status is not available at this time for any number of reasons listed, none of which I can see apply to my situation.
Jackie Jones Says :
May 23, 2008 at 7:08 pm
My last two digits of my ss# is 08. Today is May 23, 2008 and I never received notification that my check was direct deposited or mailed. What happen?
Amanda Says :
June 25, 2008 at 12:18 pm
Do any of you know what happens if you owe the IRS money for 2007? I am in a payment arrangement with them for the 2007 monies owed. However, I did receive a letter stating that my check would be mailed the 27th….. ?????
me Says :
June 27, 2008 at 2:59 pm
I haven’t recieved the package YET! I did direct deposit when I filed taxes, and I’ve been checking every day to see if it shows up! My last 2 digits of ssn is 07. Where is the money? I would love to go shopping soon!!!
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