IRS Releases Schedule for Stimulus Payments

Discussion in 'General Discussion' started by Foster, Mar 17, 2008.

  1. Foster

    Foster Super Mod

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    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
    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

    http://www.irs.gov/newsroom/article/0,,id=180247,00.html

    I love me some stimulus, little too late for Botcon though. :( 
     
  2. funkatron101

    funkatron101 TFW2005 Supporter

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    so late for me.
     
  3. Deceptikitty

    Deceptikitty all about the hasubandos

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    Should I buy an MP Megs with some of my government moneys? :wink: 
     
  4. MegaMoonMan

    MegaMoonMan www.megamoonman.com TFW2005 Supporter

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    Free money = HAWT

    Too bad I'll probably be using mine to pay bills.
     
  5. nkelsch

    nkelsch Do you know this Icon? TFW2005 Supporter

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    At least it should absorb water, gas and electric increases expected this summer... Which means that the energy costs won't cut into my disposable income... Which is what the politicians want, for me to continue irresponsibly disposing of my income into the economy.

    How will they know to direct deposit? base don our tax filings?
     
  6. Foster

    Foster Super Mod

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    Exactly. They will use the direct deposit info indicated on your 2007 tax return. So even if you owe, you should indicate a bank account on your 1040 form. It could save you months' delay. :D 
     
  7. Trilobite

    Trilobite Active Member

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    I plan on putting it toward debt consolidation, but usually when I get extra money something on the car winds up needing fixing.
     
  8. Smasher

    Smasher HUNKY BEATS

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    If my memory is correct, the last time the government gave us one of these "economic stimulus" checks when it came time to to file the taxes there was a question along the lines of "did you accept an economic stimulus payment in the amount of $XXX.XX".

    I didn't "accept" anything, the government just sent me a check.
    At any rate, selecting "yes" just forced you to take that amount off the amount you received as a tax return.

    So, if the same scenario applies then "Free money = Repay the money next April".
     
  9. MegaMoonMan

    MegaMoonMan www.megamoonman.com TFW2005 Supporter

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    Seriously? I don't remember that. That sucks, I'd rather wait to get it if that's the case.
     
    Last edited: Mar 17, 2008
  10. pscoop

    pscoop Dead inside

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    Married + 2 kids = Cha-ching! I don't plan to do anything crazy with $1800 though. It will be going into the savings, don't tell the IRS though.
     
  11. kronos

    kronos PSN = KRONOSX1

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    This is my Botcon recovery Fund!
     
  12. Star Sabre James

    Star Sabre James <b>The JUICE</b> TFW2005 Supporter

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    From everything I have read about this subject, you will not be taxed on this refund you will get.
     
  13. llamatron

    llamatron Shut up, Nigel. TFW2005 Supporter

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    You guys seriously just get free money from the government? That's a pretty wild way to try and boost a recessing economy.
     
  14. smkspy

    smkspy is one nice fucking kitty

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    Ah hush money...gotta love it.
     
  15. ChldsPlay

    ChldsPlay Well-Known Member

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    Well some people get it free. The rest of us who work and earn money and actually pay taxes know that it definately won't be free, at least not for us. But this is nothing new. We have to pay taxes every year so that people who pay no taxes can get their "Earned" income credits and get $4,000 tax returns while we are lucky to get $200 even though we pay close to $4,000 (in federal).
     
  16. Moonscream

    Moonscream YES, We EXIST!

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    Few truly get it free, especially that much in returns.

    I'm glad to hear it will be here...would have been nice to know how much they were going to give, instead of the generic 'You might get' thing I got in my mailbox yesterday that told me nothing I didn't already know.

    --Moony
     
  17. Foster

    Foster Super Mod

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    Hey d00d, don't get political, or my thread'll get locked! I'm trying to be informative. :( 
    Have you tried the IRS calculator?
     
    Last edited: Mar 17, 2008
  18. nkelsch

    nkelsch Do you know this Icon? TFW2005 Supporter

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    Attached to this bill is PORK spending focused at the politician's home areas to send local jobs money and local groups 'free shit'.

    So it allows incumbents on both sides to buy votes and give their constitutes 'stuff' which they can claim as progress in 2008.

    So this is just a very 'happy' bill they could attach their pork too this year because who doesn't love free money?
     
  19. Ops_was_a_truck

    Ops_was_a_truck JOOOLIE ANDREWWWWWS!!!!!!

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    The entertaining thing about this stimulus check is that a bulk of the people whom I talk with at school are planning to place it straight into their checking or savings account and let it sit. I wonder how many people nationwide have the same idea?
     
  20. Wreckgar

    Wreckgar Anthony Stark Veteran

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    Well I should be getting mine the first week around. Nice.

    And I hope this isn't like the last time as stated when you just have to send it back later. But so far, this seems to be a free pass
     

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