The first round of stimulus payments from the IRS was direct deposited overnight in taxpayer accounts. This is a small sign of relief this week with gas prices consistently rising week after week. The payments are earlier than expected. The payments will be sent out in order of the last two digits of consumer's social security number. On a jointly filed return, the first Social Security number listed will determine the mail-out time. Although this payment schedule is for people consumers who filed a tax return by April15. Consumers that missed that deadline or normally do not file a tax return my also be eligible for a stimulus payment. Select direct deposit it will help you get your payment faster. The Associated Press reports that the IRS intends to deposit 800,000 checks over an initial three day period. No direct deposits will be made on Thursday.
Seniors that receive Social Security benefits, Veterans Affairs, and Railroad Retirement are also eligible for the economic stimulus payment. The Internal Revenue Service mailed out an additional form to explain how to fill out the 1040 A form in order to claim the stimulus payment. For more information on filing a return and checking your income eligibility requirements please visit www.irs.gov. If you filed your taxes using tax software such as Turbo Tax, log back into their website. They have updated details on the rebate and could give you a possible estimate based upon you tax return.
The requirements are outlined simple for taxpayers to understand. One simple restriction that could apply to quite a few taxpayers is if you were claimed on someone else taxes as a dependent you are not eligible for the Stimulus payment. This restriction could deny some college students that work part-time jobs while enrolled in college, but their parents still claim the students as dependents on their tax returns.
Stimulus Payment Schedule for Tax Returns Received and Processed by April 15
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
Seniors that receive Social Security benefits, Veterans Affairs, and Railroad Retirement are also eligible for the economic stimulus payment. The Internal Revenue Service mailed out an additional form to explain how to fill out the 1040 A form in order to claim the stimulus payment. For more information on filing a return and checking your income eligibility requirements please visit www.irs.gov. If you filed your taxes using tax software such as Turbo Tax, log back into their website. They have updated details on the rebate and could give you a possible estimate based upon you tax return.
The requirements are outlined simple for taxpayers to understand. One simple restriction that could apply to quite a few taxpayers is if you were claimed on someone else taxes as a dependent you are not eligible for the Stimulus payment. This restriction could deny some college students that work part-time jobs while enrolled in college, but their parents still claim the students as dependents on their tax returns.
Stimulus Payment Schedule for Tax Returns Received and Processed by April 15
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
Comments
unknown
(Guest)
(Guest)
03/13/2009
I also used Turbo Tax filing for 2007 and received my check. Can't remember the exact date, but it was just as I was told, and was for the amount I was told.
Thomas
(Guest)
(Guest)
05/15/2008
Ditto Turbo Tax- No Refund- Stimulous Rebate Fiasco, just another Hurricane Katrina- FEMA Ripp- off B.S. Scam. Can't wait till November and The Referendum on this sham govt.
Casey Dee
(Guest)
(Guest)
05/15/2008
the same thing with me I used efile and had a direct deposit, now we have too wait for a paper check.
I think George just wanted too make people like him before he left office.
He got on the tv and said your money will be deposited a week earlier thanks too this new software.
that was just a bunch a bull.
I don't know anyone who has recieved anything on that stimulous yet..
Casey
Casey Dee
(Guest)
(Guest)
05/15/2008
the same thing with me I used efile and had a direct deposit, now we have too wait for a paper check.
I think George just wanted too make people like him before he left office.
He got on the tv and said your money will be deposited a week earlier thanks too this new software.
that was just a bunch a bull.
I don't know anyone who has recieved anything on that stimulous yet..
Casey
Mary
(Guest)
(Guest)
05/15/2008
This is so ridiculous, that if did your taxes through Turbo Tax and had it directly deposited you now have to wait for a papercheck.
I noticed Turbo Tax has no info regarding this on their website. As far as the IRS goes anything to hold on to our money longer.
Even if we did go through Turbo Tax the IRS still has our bank info and so Turbo Tax so why do those of us that filed early and had our refund directly deposited now have to wait to get a papercheck my SS# 71. Here it is the 15th of May and I really need that money.
YOU CALL THAT A STIMULUS PACKAGE!!!!!!
Good, informative article. Thanks.
I was told by IRS if we used turbo tax the checks are not direct deposit but paper. only Direct if going through thier website. We used turbo and had direct deposit but they said it is a 3rd party or something to affect. Ours we supose to be mailed out 8th and still waiting........
i didnt even get my w-2 from the employer yet...after so many many phone calls they kept saying "its in the mail" gee thats nice...not that it woudl have helped, after paying tuition out of a government grant, I was aroudn 700 short to file taxes anyway. I only made 23oo all year...how screwed up is that? no no stimulus chaecks for me and a totally screwed up tax year next year!
Christina
(Guest)
(Guest)
05/09/2008
My boyfriend and I both filed with turbotax, both paid our fees with the same debit card and our last 2 digits are 46 and 42 so you would assume we would both get our refund today, according to the chart. I have yet to see one and the website has no information on file so I don't know if I am getting one or not, and my boyfriend's for some reason only ended up being $260 even though he does not owe child support or back taxes or any of the other reasons they give for your refund being less than they say. I have been reading online and it seems a lot of people are receiving less than they were told. Probably another trick by our government to get us to spend more than we actually can afford because by the time we realize we're not getting as much it's too late.
MICHELE
(Guest)
(Guest)
05/08/2008
UNFORTUNATELY I ALSO DID MINE THREW TURBO TAX AND I HAD THEM TAKE THEIR FEE OUT OF MY REFUND, I GUESS WHEN YOU DO THAT, YOU WILL NOT RECIEVE A DIRECT DEPOSIT TAX RELIEF CHECK, INSTEAD THEY WILL MAIL IT OUT, MY LAST TWO DIGITS ON SS# ARE 25 AND ON THE IRS.GOV WEBSITE MY INFORMATION IS STILL NOT SHOWING , I CALLED THEM AND THEY TOLD ME IT WILL BE MAILED OUT BECAUSE I USED TURBO TAX.!!!! I WILL NEVER USE TURBO TAX AGAIN, I ALSO HEARD THAT THEY CHARGE YOU 30.00 ON TURBO TAX TO FILE WHICH IS TRUE, BUT IF YOU HAD GONE TO THE GOVERNMENT WEBSITE YOU COULD HAVE FILED FOR FREE... tHANKS TURBO TAX YOU REALLY SCREWED UP MY DAY
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