logo

Economic stimulus calculator and pay schedule(finally)

logo

Ok, the IRS has a “official”calculator on their site to help determine exactly how much you will be getting back for your rebate (aka Economic Stimulus Payment). You will need your 1040 tax form and it will take a few minutes to complete. But remember this is just a estimate!

There is even a pay schedule now for those of us that want to know when do I get my money? I need it now! 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.

DIRECT DEPOSIT

Last two SSN digits: Payment will be transmitted:
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 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.

The IRS website has lots of great information to answer all the questions we all have.

Recipients of Social Security Benefits

Recipients of Veterans’ Benefits

Railroad Retirement Recipients

Low-Wage Workers

The IRS has even went as far as to give examples of different tax scenarios:

Married with Children

Married without Qualifying Children

Married Filing Separately

Single (Head of Household) with Children

Single without Qualifying Children

If you enjoyed this post, let me know by leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Related posts:

  1. The Stimulus Tax Rebate
  2. Some not too common questions about the Stimulus Payment Rebate

4 Responses to “Economic stimulus calculator and pay schedule(finally)”

  1. SavingDIva says:

    I didn’t hear that it was by SSN…hm…How do you make sure that you have direct deposit set up?

    I remember the last time we got a “rebate” it was done by SSN. I guess it makes it a little easier to track when you should get yours. I am not exactly sure but I think if you file your 2007 taxes and choose direct deposit , you will get your rebate check direct deposited. Here is a link I found about direct deposit.

  2. casey sauve says:

    i heard that you guys go by what we did on the taxes is that true

  3. casey sauve says:

    so if that is true then what will happened if i went there the e-file then i close the account because i was moving. so how would i get the money then

    That is a question I never thought of it. I did do a little research because I wanted to know the answer to your question. I found this information at the Turbotax website and that if you have moved and will receive your rebate check in the mail, make sure to file Form 8822, change of address, with the IRS and submit a change of address with the U.S. Post Office. But I do not want to give you the wrong information so I think the best thing for you to do is contact the irs. Maybe give your local branch a call. You still have a little time before the IRS starts sending out payments so hopefully you will be able to make sure the refund gets to you.

  4. casey sauve says:

    so you are saying is that all i have to do is change my address by the post office

    and make sure to file Form 8822, change of address, with the IRS

Leave a Reply

CommentLuv badge
logo
logo
Designed by Elegant Themes | Customized by 1Stop Mom | Best viewed in Firefox or Google Chrome