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The Economic Stimulus Payment Schedule As Announced By The IRS

Published 3/18/08 (Modified 3/8/11)
By MoneyBlueBook

After much online speculation and rampant rumors about the economic stimulus payment date, the Internal Revenue Service (IRS) has finally cleared up the confusion and released the official economic stimulus tax rebate payment schedule. You can read the IRS timetable announcement on its website (view IRS news release).

The IRS has announced that it will begin sending more than 130 million economic stimulus tax rebate payments starting May 2, 2008. Those who chose to receive their 2007 tax refund payments via direct deposit will get priority in receiving their stimulus tax rebates. Those who chose to receive their tax refund payments via regular postal service will receive their tax rebate checks in mid May, after the initial wave of tax rebate payments have been sent to those who chose the quicker direct deposit option.

Tax Rebate Receiving Order Will be Based On Social Security Number

The order that the tax rebate checks will be sent out will be according to the last 2 digits of the Social Security Number (SSN) used when you filed your federal tax return. Please examine the stimulus payment chart below to determine when you will be receiving your tax rebate. As the IRS noted on its announcement, because the order will be based on the numerical order of Social Security Numbers rather than by name or household, there is a high possibility that neighbors, family members, and friends may not receive their tax rebate checks at the same time.

The Official Economic Stimulus Tax Rebate Payment Schedule - (for Federal Tax Returns Received and Processed by April 15, 2008):

Direct Deposit Option:
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 Option:
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

How To Make Sure You Get Your Tax Rebate Check

If you want to get your tax rebate check sooner, you should make sure to elect the direct deposit option if you haven't already done so. Secondly, you should make sure you file your 2007 federal tax return by the April 15, 2008 deadline. If for whatever reason your tax return is filed after April 15, you should receive your economic stimulus payment about two weeks after receiving your tax refund. For those requesting filing extensions, if you want to receive your tax rebate by the end of this year, you must file your tax return by October 15, 2008. To accommodate people whose tax returns are processed after April 15, the IRS has indicated that it will continue sending weekly payments even after the end of the above schedule.

As I indicated in my 2008 Tax Stimulus Rebate commentary article, if you are already in bankruptcy or have tax liens for delinquent or outstanding debts such as - unpaid student loans, child support, or tax obligations, all or part of your economic stimulus payment may be withheld or intercepted. The IRS has indicated that it will send a letter to the taxpayer explaining the tax rebate offset, if any.

How Much Will My Economic Stimulus Payment Check Be?

Explanations and detailed answers to your tax rebate questions can be obtained by viewing the official IRS publications and announcements on the matter. Here are some links to official IRS answers to tax rebate questions, where most of the commonly asked questions are addressed. The more complicated and issue-filled tax rebate questions relating to Chapter 7 and Chapter 13 bankruptcy filings have been winding up as comments on my tax rebate article. I will continue answering them to the best of my ability based on my legal experience and knowledge on the matter. However, while my comments may be construed as general background information, they should not be blindly followed as definitive legal advice. Remember to always perform your own due diligence and research.

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186 Responses to “The Economic Stimulus Payment Schedule As Announced By The IRS” 

  1. Sarah says:

    I was curious if you might be able to answer my question. I actually owe money for my taxes, around $800, and I was not sure if I would still receive a stimulus. Also, I was curious if it would be sent out at the same time as the paper mail dates. If you know the answer could you please e-mail me?

    Thanks, Sarah

  2. Raymond says:

    Sarah,

    Although you owed money for your taxes, so long as you paid them in full and your adjusted gross income falls within the threshold level for tax rebate qualification, you will receive your stimulus payment. You should receive the payment within the timetable indicated in the chart above based on whether you requested direct deposit or paper check.

  3. Michelle wilson says:

    I need that refund now due to that I work for Detroit fire dept and have been off for over 8 years had 4 back surgery's and I only receive 80.00 a month from the city to live off of how do I go about getting that money now because once again I am being evicted for the 2 time and I can't take this. I was approved for social security but sterling heights office in michigan said I make too much money to get help. I was a civil servant and injury myself on the job and this is how we are getting treated this county should be ashamed. I have already had 4 back surgeries. I need that money NOW>>>>>>>>>>>>>>>

  4. Raymond says:

    Michelle,

    I am very sorry for your plight.. the only thing I can suggest regarding the tax rebate is to make sure you file by the April 15 deadline and select the direct deposit option. This will ensure that you get priority when it comes to the payment time table. I don't believe there is any way to expedite the stimulus payment processing. Remember, this is the "speedy" federal government we are talking about.

  5. Emi says:

    We efiled through H & R Block and did our taxes Rapid Refund. Our state taxes were sent by mail by H & R Block. So does that still mean we will recieve our stimulus package later since they were not actually mailed off?

  6. Raymond says:

    Emi,

    You will be all right. So long as H&R Block properly filed your tax return for you by the April 15 deadline, you will receive a timely stimulus payment based on the timetable schedule provided above.

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