In case you were wondering when you’re going to recieve your money, the federal government has released a timetable for when taxpayers should expect a 2008 economic stimulus payment.
A person whose 2007 tax return is received and processed by April 15 will receive his or her stimulus payment sometime between May 2 and mid-July, depending on the recipient’s last two Social Security number digits and whether he or she gave direct-deposit information in the 2007 tax return.
The following is the timetable for people whose 2007 returns are processed by April 15 and who gave direct-deposit information in those returns:
Last two Social Security number digits between 00-20, the payment should be sent to the bank account by May 2.
Last two Social Security number digits between 21-75, the payment should be sent to the bank account by May 9.
Last two Social Security number digits between 76-99, the payment should be sent to the bank account by May 16.
The following is the timetable for people whose 2007 returns are processed by April 15 and who did not request direct deposit:
Last two Social Security number digits between 00-09, the payment should be in the mail by May 16.
Last two Social Security number digits between 10-18, the payment should be in the mail by May 23.
Last two Social Security number digits between 19-25, the payment should be in the mail by May 30.
Last two Social Security number digits between 26-38, the payment should be in the mail by June 6.
Last two Social Security number digits between 39-51, the payment should be in the mail by June 13.
Last two Social Security number digits between 52-63, the payment should be in the mail by June 20.
Last two Social Security number digits between 64-75, the payment should be in the mail by June 27.
Last two Social Security number digits between 76-87, the payment should be in the mail by July 4.
Last two Social Security number digits between 88-99, the payment should be in the mail by July 11.
Taxpayers may be eligible for one-time stimulus payment of up to $600 ($1,200 for married couples filing jointly). There also is a $300 per child payment for qualifying children younger than 17.