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
The IRS has even went as far as to give examples of different tax scenarios:
Nicole (4)
Sheila Hickmon (3)
Emily (2)
Allison (1)
Anne (1)
Becki (1)
