Tax return
The Internal Revenue Service announced today that it will begin sending more than 130 million economic stimulus payments starting May 2.The initial round of weekly payments will be completed by early July.
Stimulus payments will be sent out in the order of the last two digits of the Social Security number used on the tax return.Because the IRS will use the Social Security number to determine when checks are mailed, taxpayers may receive their checks at different times than their neighbors or other family members.
On a jointly filed return, the first Social Security number listed will determine the mail-out time.
Taxpayers who choose direct deposit on their federal income tax returns can expect to receive their economic stimulus payments between May 2 and May 16 provided their returns were received and processed by April 15, 2008.
For taxpayers who did not choose direct deposit on their tax return but whose returns were processed by April 15, the paper checks will be in the mail starting May 16, with the initial mailings completed by around July 11.
Don't panic if you have not received your economic stimulus check yet. One main reason people are declined for a stimulus check is if they are using an ITIN or Individual Taxpayer Identification Number instead of a Social Security Number.
Also for those Americans who do not normally file a tax return, you will
have to use Form 1040A-3 to be eligible for the economic stimulus check.