Monday, April 21, 2008

Stimulus Payments

Stimulus Payment Schedule for Tax Returns Processed by April 15

Economic stimulus payments will be issued according to the last two-digits of the main filer's Social Security number. People who use direct deposit also will be among the first to receive the payments starting May 2. Paper checks will be put in the mail starting May 16.
Last two SSN digits:
Payment will be transmitted:
00 through 20- May 2
21 through 75- May 9
76 through 99- May 16

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

People who file a return after April 15 will 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. See the online calculator for an estimate of the amount you will receive.
A small percentage of tax returns will require additional time to process and to compute a stimulus payment amount. For these returns, stimulus payments may not be issued in accordance with the schedule above, even if the tax return was processed by April 15.
Related Item: IR-2008-44, IRS Announces Economic Stimulus Payment Schedules, Provides Online Payment Calculator