Tuesday, May 20, 2008

When will I receive my economic stimulus check?

The economic stimulus check of $600 per person is currently being paid out to individuals and family's who filed a tax return in 2008. A few people that I know have received there payment but I have yet to receive mine.

To give you a better idea of when your payment may arrive, the IRS has a stimulus payment schedule based on the last two digits of your social security number and also on whether or not you are receiving a paper check or direct deposit. The payment schedule is based upon the last two digits of your social security number. The IRS also states that a small percentage of returns will take additional time to complete and may not match the schedule below.

DIRECT DEPOSIT

Last two SSN digits: Payments will be transmitted no later than (and received by the end of the day of):
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 no later than (and received a few days after):
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


















Also, Consumerism Commentary is reporting that if you filed your taxes using a third party software like turbo tax, were owed a tax refund, and had your filing fees deducted from your refund and qualified for a stimulus payment, then you will not receive direct deposit. You will receive a paper check.

0 comments: