Your Social Security Number Will Determine When Your Economic Stimulus Check Is Sent

I know there are some people out there complaining about getting an economic stimulus check. In my opinion, much of that has to do with “Bush Derangement Syndrome”. Any time the government is giving me my money back, I’m happy.

This is the way it generally breaks down depending on the method of payment.

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

Social Security numbers determine when economic stimulus checks go out


The Internal Revenue Service outlined Monday how your Social Security number will determine when you probably will get your economic stimulus check this spring or summer.

The IRS said it plans to deliver 130 million checks between May 2 and July 11 based on the last two digits of the recipient’s Social Security number.

According to the IRS, direct deposit payments will be made May 2 to recipients whose Social Security numbers end in 00-20.

Direct deposit payments will be made a week later, May 9, to people whose numbers end in 21-75. The final round of direct deposit payments will be made May 16 to people whose numbers end in 76-99.

Those who will receive paper checks are on a longer schedule.

Checks will be mailed May 16 to those whose numbers end in 00-09. A second round of checks will be mailed May 23 to those whose numbers end in 10-18. A May 30 mailing will be made to people whose numbers end in 19-25.

Subsequent mailings will be made June 6 to those whose numbers end in 26-38, June 13 to numbers 39-51, June 20 to numbers 52-63, June 27 to numbers 64-75, July 4 to numbers 76-87, and July 11 to those whose numbers end in 88-99.

The payments of $300 each to certain low-income recipients and $600 or $1,200 to single or married taxpayers, plus additional money for families with qualifying children, will be calculated from tax returns filed by April 15. Filers also can indicate on those returns whether they want money directly deposited in a bank account or mailed to them.

Late filers and anyone who owes back taxes or other debt that normally would interfere with getting a tax refund also may get either a later stimulus payment or a smaller one, the IRS said.


Previously:
Economic Stimulus Package Rebate Calculator

Taxes: Comparing Democrats to Republicans

Here is some very interesting information that was passed on to me. You might want to consider this before you vote.

The data was gathered from The Tax Foundation.

Taxes under Clinton 1999 : Taxes under Bush 2008

Single making 30K – tax $8,400 : Single making 30K – tax $4,500

Single making 50K – tax $14,000 : Single making 50K – tax $12,500

Single making 75K – tax $23,250 : Single making 75K – tax $18,750

Married making 60K – tax $16,800 : Married making 60K- tax $9,000

Married making 75K – tax $21,000 : Married making 75K – tax $18,750

Married making 125K – tax $38,750 : Married making 125K – tax $31,250

If you want to know just how effective the mainstream media is, it is
amazing how many people that fall into the categories above think
Bush is screwing them and Bill Clinton was the greatest President
ever. If any Democrat is elected, ALL of them say they will repeal
the Bush tax cuts and a good portion of the people that fall into the
categories above can’t wait for it to happen. This is like the movie
The Sting with Paul Newman; you scam somebody out of some money and
they don’t even know what happened.

Economic Stimulus Package Rebate Calculator

If you’re like I am, when it comes to extra money in your pocket, then you can bet I want to know more. So here are the details along with a handy calculator to see how much you’re getting back.

The Economic Stimulus Package recently passed Congress, and tax rebate checks will be sent out late spring or early summer.

The Basics for Tax Rebate Checks
· Most single taxpayers will get a rebate of $600.
· Most married couples who file jointly will get $1,200.
· Plus, you’ll get an extra $300 for each child under age 17 for whom you claim a child credit on your 2007 return.
· Low income seniors and disabled veterans (and their widows) who don’t owe enough income tax to qualify for the full rebate can qualify for checks of $300, or $600 if they filed joint returns.

These checks will be sent automatically, so no application form is necessary, as 2007 income will be used. The calculator below can be used to find out how much your rebate should be:

Related:
Your Social Security Number Will Determine When Your Economic Stimulus Check Is Sent

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