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Stimulus Payment Schedule for Tax Returns Processed by April 15
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. See the online calculator for an estimate of the amount you will receive.
A small percentage of tax returns will require additional time to process and to compute a stimulus payment amount. For these returns, stimulus payments may not be issued in accordance with the schedule above, even if the tax return was processed by April 15.
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Of course I got a paper check and the last two digits of my ss# are between 88 and 99. Fuck!
Post by purplefuzzystuff on Apr 23, 2008 18:08:36 GMT -5
same here....I figure I will just dip into savings and pull out a little and replace it when I get the check after roo....I hate having to do that but it happens I guess
I buy an extra Roo ticket when they go on sale (while I still have that semester's student loan money) and let my friend slack on paying for it until just beforehand... it covers about half my expenses right there.
Post by purplefuzzystuff on Apr 23, 2008 20:26:34 GMT -5
That's clever....I wouldn't do it cause my friends are pretty unreliable but still it's a good way to garantee you'll have money right before hand......if you have reliable friends that is
tsk tsk kids, if you have a checking account there's no reason you shouldn't have direct deposit on everything. sh-t, i've gotten unemployment checks direct deposited. doesn't cost you a dime and saves whoever the depositor is money in the long run.
anything that gets money to you faster = very good idea.
Maybe I'll throw myself to the dogs, but my back's not to the wall Maybe I'll lay some bricks for the man, but the days just aren't that long So if I settle back and chill will I see far enough to feel the angel's dream? I thought it was the Story of the World!
tsk tsk kids, if you have a checking account there's no reason you shouldn't have direct deposit on everything. sh-t, i've gotten unemployment checks direct deposited. doesn't cost you a dime and saves whoever the depositor is money in the long run.
anything that gets money to you faster = very good idea.
Absolutely! I get my child support direct deposited into my account from the child support office and my paycheck and my tax refunds Yay for a May 9th deposit ;D
Post by Hipster Doofus on Apr 24, 2008 7:09:12 GMT -5
I couldn't remember my routing # when I was filling out my return and rather than go look for my checkbook I just asked for a check because I wasn't in that big of a hurry to get my refund.
Post by NothingButFlowers on May 6, 2008 8:35:56 GMT -5
I'll be getting a paper check (I actually had my money direct deposited, but I did the stupid SimplePay thing on H&R Block, so I could efile and get it back faster, but next year, I'm just going to mail it in and have it direct deposited the normal way because the time difference was totally not worth it), and I'm a 21, which I think gets sent out May 29, (but it doesn't say in that post).
I had my refund direct deposited and I did it through an online service recommended on the IRS site.
It'll be direct deposited unless you did one of the things like SimplePay (the way SimplePay works is H&R Block sets up an account for you with one of its banks, the IRS deposits the money into that account, H&R Block deducts its fees and direct deposits the remainder into your bank account). If you did something like that, you'll get a paper check.
I had my refund direct deposited and I did it through an online service recommended on the IRS site.
It'll be direct deposited unless you did one of the things like SimplePay (the way SimplePay works is H&R Block sets up an account for you with one of its banks, the IRS deposits the money into that account, H&R Block deducts its fees and direct deposits the remainder into your bank account). If you did something like that, you'll get a paper check.
No I didn't use anything like that and the deposit came directly from the IRS. I guess I will just be patient.... I just want that money before June 1 for my honeymoon!! ;D
Post by strumntheguitar on May 6, 2008 11:33:48 GMT -5
This reminds me... I was reading the local newspaper and there was an editorial concerning the stimulus checks. The main point of the article was that instead of taking the $300-600 to the mall or whatever to just donate it straight to charity. At first I thought that this was a really good idea, but then I got to thinkin... Isn't that more or less the exact opposite intent of these checks being released? Isn't the reason the government is dishing out who knows how many billions of dollars to the country to introduce money back into the economy and help stimulate it again (hence, "economic stimulus checks")
I'm not saying don't donate to charity or anything, but what is everyones thoughts on this? It seems like a good idea at first, take what was given to you and give it to those who need it more and all, but it seems counter-intuitive with the goal of the stimulus checks...???
Post by NothingButFlowers on May 6, 2008 11:48:34 GMT -5
I think you are right that it is against the reasons for issuing the checks in the first place. The idea is to get people out into the marketplace to buy things, which gets businesses going, allowing them to grow and hire more people. But the question is, will that really happen? A lot of people will use the money to pay down credit cards, or even put it in savings. Some will donate it to charity (which, although I won't be doing that, I think is a great idea). So, those people get taken out of the equation. Then, you have people who will take it and spend it, putting it into the economy. Even for those, though, it depends on where they are spending it. While some businesses will take increased profits and put them back into the business (whether it's paying workers more or hiring new workers or making improvements so that their business can continue to grow), there are plenty more who will just take those increased profits and just keep them for themselves (and then you've just got a rich-get-richer situation). Even more, when it is a one-time burst like this, how long are the effects going to last? Am I glad to have an extra $600 coming? Sure, it's going to make my Rothbury trip a whole lot easier to prepare for. Is that going to change anything about the way I live my life or spend my money? Not a chance, and I would say the same is true for most people.
Agreed. The debt incurred by these checks will have far more detrimental effects than any systemic good the checks will do. It's all election year politics.
But I ain't sending it back.
Last Edit: May 6, 2008 12:07:29 GMT -5 by troo - Back to Top
strumntheguitar
Bleary-Eyed Bonnawook Sir Strum, Master of Rum
Post by strumntheguitar on May 6, 2008 12:01:35 GMT -5
I really can't decide what I'm going to do with my check... At first I immediately planned on supporting some habits for a while with it, then I thought of just taking it as spending money at AllGood, but now I'm thinking of taking half to AllGood and the other half to the record store, just so I get to use some of it as intended
Post by SouthGA_Festival Machine on May 6, 2008 12:25:55 GMT -5
Regarding the issue of contributing to charity, as long as it's a legitimate one, it should have the desired effect. From what I hear, donations to food banks are way down as a result of the recession. So a donation there would probably be spent on food, thus stimulating the economy somewhat.
Mine bought a tent for 'Roo and will help pay down a credit card. Yay!
I've been reading similar articles about how people aren't using gift cards in the way companies hoped people would, due to the economy. In much the same way people are just using stimulus checks to pay their bills, people are using giftcards to make purchases of a very non-frivolous nature. Say you received a $100 Target gift card. Target would much rather you buy a nice gadget, but instead people are using it to buy the odds and ends they absolutely need and would have bought at Target anyway: food, toothpaste, shampoo, etc. So, in the end, the gift card didn't score them an extra sale; people just saved the cash they would have given to Target anyway and paid with the gift card instead.
Target would much rather you buy a nice gadget, but instead people are using it to buy the odds and ends they absolutely need and would have bought at Target anyway: food, toothpaste, shampoo, etc.
I've always done this with gift cards. I actually ask for gift cards to Target and grocery stores for Christmas/birthday so I can spend them on necessities. I rarely buy anything "fun"... no DVDs or CDs. Maybe some new clothes or iTunes but that's about the extent of my extravagence.
BUT, my stimulus check will buy me a new iPod. I consider that a necessity, though
Yay for a May 9th deposit ;D
