May
06
2009
Economic Stimulus Check Schedule
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When Will I Get My Economic Stimulus Check?
Economic stimulus checks are typically issued by the government during difficult economic times to help spur (or "stimulate") consumer spending. 2008 was no different, being the year that bore the brunt of one of the greatest recessions of all time. 124 million households were estimated to receive a stimulus payment. If each household receives an average payment of $600, that amounts to a whopping $74,400,000,000!
You should have already received your stimulus payment for 2008. If you did not, consult your tax advisor, or IRS representative. If you can confirm that you did not yet received your economic stimulus check for 2008, you may be eligible for a first-time credit this year. You may also be eligible for a larger stimulus payment in 2009. Both of these stimulus payments are referred to as Recovery Rebate Credits. If you already received your economic stimulus check, you should note that it should not be included as income on your tax return.
How Much Will My Economic Stimulus Check Be?
Your individual economic stimulus payment amount depends on a number of variables. These include your filing status and number of exemptions claimed on your 2007 tax return. In order to qualify for your economic stimulus check you have to have at least $3000 in income, among other things. For individuals, the economic stimulus check amount will range between $300 and $600. For joint filers, the amount will range between $600 and $1200. If you have children, you will receive an additional $300 for each child.
Economic Stimulus Check Schedule
The IRS began mailing stimulus checks and direct depositing stimulus payments in May 2008. Below are the schedules for economic stimulus payments related to tax returns processed by April 15, 2008:
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Direct Deposit Payments
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If the last two digits of your Social Security number are:
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Your economic stimulus payment deposit should be transmitted to your bank account by:
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00 – 20
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May 2
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21 – 75
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May 9
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76 – 99
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May 16
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Paper Check
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If the last two digits of your Social Security number are:
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Your check should be in the mail by:
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00 – 09
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May 16
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10 – 18
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May 23
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19 – 25
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May 30
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26 – 38
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June 6
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39 – 51
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June 13
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52 – 63
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June 20
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64 – 75
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June 27
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76 – 87
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July 4
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88 – 99
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July 11
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This table was taken from the IRS website. Please check there for updates and accuracy.
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Some extra checks are always
Some extra checks are always welcomed by most of us, but unfortunately you can't rely on them only to get out of this crisis. We have to find other more reliable finance resources, such as an cash advances or any similar short term loan, in order to pay our bills or other unexpected spending on time.
I didn't get any checks nor
I didn't get any checks nor last year and it's getting harder and harder for me to face all the debts I have to pay. What are the real conditions for a man to get those stimulus checks? I don't have a financial consultant, I rely on internet information on this one...
Stimulus = Debt
I find it quite ironic that the government spent $74.4 billion dollars on consumers to encourage them to spend more, when it's the whole "if you spend you're patriotic" crap that got us into this mess in the first place.
People felt they were being patriotic by buying homes they couldn't afford, filling their credit cards with debt they couldn't repay, and now those few of us that have lived frugally and without too much excess are footing the bill for a stimulus payment that encourages consumers to do this all over again?
I can understand why this happened during the Bush administration, since they're the ones that helped get us into this mess. But don't tell me Obama is considering another stimulus package as well? Ahhhh!!!
Obama Stimulus Check?
I've heard rumours that Obama will be issuing a stimulus package as well this year. Is this true?