“When will I get my economic stimulus rebate check?” is one of the big questions that Americans are asking themselves at the moment. Actually I’ve been asking that question as well but I’m not holding my breath for it!
The economic stimulus checks started on April 28 and will continue through to mid-July of 2008.
The schedule for people who filed their taxes by April 15 is based on the last 2 digits of their SSN – Social Security number. If you filed jointly then the payments will go out based on the person listed first on the return.
IF YOU USE DIRECT DEPOSIT
|Last two SSN digits:||Payments will be transmitted no later than:|
|00 through 20||May 2|
|21 through 75||May 9|
|76 through 99||May 16|
IF YOU WILL GET REBATE BY MAIL
|Last two SSN digits:||Payments will be mailed no later than:|
|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|
If you couldn’t get your act together to file your taxes by April 15 (but you did file since then right?) then you will get your rebate about 2 weeks after the scheduled date. You need to file your taxes by October 15 in order to get a rebate this year.
Here is the IRS online calculator to figure out how much your rebate will be.
If you are confused about whether this rebate is actually a loan then this post should clear things up.
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The RESP Book: The Simple Guide to Registered Education Savings Plans
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