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When People Should Receive Stimulus Payments

POSTED: 5:01 pm EDT March 17, 2008

The federal government has released a timetable for when taxpayers should expect a 2008 economic stimulus payment.

A person whose 2007 tax return is received and processed by April 15 will receive his or her stimulus payment sometime between May 2 and mid-July, depending on the recipient's last two Social Security number digits and whether he or she gave direct-deposit information in the 2007 tax return.

The following is the timetable for people whose 2007 returns are processed by April 15 and who gave direct-deposit information in those returns:

  • For people whose last two Social Security number digits are between 00-20, the payment should be sent to the bank account by May 2.
  • For people whose last two Social Security number digits are between 21-75, the payment should be sent to the bank account by May 9.
  • For people whose last two Social Security number digits are between 76-99, the payment should be sent to the bank account by May 16.
  • The following is the timetable for people whose 2007 returns are processed by April 15 and who did not request direct deposit:

  • For people whose last two Social Security number digits are between 00-09, the payment should be in the mail by May 16.
  • For people whose last two Social Security number digits are between 10-18, the payment should be in the mail by May 23.
  • For people whose last two Social Security number digits are between 19-25, the payment should be in the mail by May 30.
  • For people whose last two Social Security number digits are between 26-38, the payment should be in the mail by June 6.
  • For people whose last two Social Security number digits are between 39-51, the payment should be in the mail by June 13.
  • For people whose last two Social Security number digits are between 52-63, the payment should be in the mail by June 20.
  • For people whose last two Social Security number digits are between 64-75, the payment should be in the mail by June 27.
  • For people whose last two Social Security number digits are between 76-87, the payment should be in the mail by July 4.
  • For people whose last two Social Security number digits are between 88-99, the payment should be in the mail by July 11.
  • Taxpayers may be eligible for one-time stimulus payment of up to $600 ($1,200 for married couples filing jointly). There also is a $300 per child payment for qualifying children younger than 17.

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