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Economic stimulus payment


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#1 SIPPIFIRE

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Posted 18 March 2008 - 09:56 AM

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#2 Charity

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Posted 18 March 2008 - 09:56 AM

I couldn't post this with a regular post, so I am posting it this way.  Hope it's helpful!

QUOTE
Refund Schedule for Economic Stimulus Payment


ISSUE:

The IRS will begin transmitting direct deposit stimulus payments starting May 2, 2008 for those taxpayers with no other account issues (e.g. freeze codes). Paper checks will be mailed beginning May 16.

These payments will be sent out in the order of the last two digits of the primary SSN used on the tax return.

Most taxpayers who received a direct deposit refund will also receive their stimulus payment via direct deposit. If, however, a taxpayer received a RAL or RAC, had their direct deposit refund rejected by their bank, or had their direct deposit refund traced (TC971-011); their stimulus payment will be issued via a paper check. Additionally, a taxpayer contacts the IRS before April 13 to request a paper check versus direct deposit of their Stimulus payment, a TC971-850 can be input to flip the stimulus payment to a paper check.

The stimulus payment refund schedule for returns processed prior to April 15, 2008 is shown below:

Direct Deposit Payments

If the last two digits of your Social Security number are :
Your economic stimulus payment deposit should be sent to your bank account by:

00 – 20
May 2

21 – 75
May 9

76 – 99
May 16

Paper Check

If the last two digits of your Social Security number are
Your check should be in the mail 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


To accommodate people whose tax returns are processed after April 15, the IRS will continue sending weekly payments. People who file after April 15 and receive a refund can expect to receive their economic stimulus payment in about two weeks after receiving their tax refunds, but not before the date they would have received their payment if the return had been processed by April 15. People who file after April 15 but do not receive a refund should allow 6 - 8 weeks to receive their stimulus payment.


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#3 Charity

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Posted 19 March 2008 - 03:27 PM

FOR MORE INFORMATION ON THESE PAYMENTS, CLICK HERE TO VISIT THE IRS WEBSITE OR GO TO WWW.IRS.GOV.  TO CALCULATE AN ESTIMATE OF YOUR PAYMENT CLICK HERE.  YOU MUST HAVE YOUR 2007 TAX INFORMATION TO USE IT.




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