The IRS announced today that they will send out economic stimulus payments starting this Monday, April 28th. This is almost a week earlier than the originally planned date of May 2nd. The reason given for the early send off? To stimulate the economy.
Actually, that is the whole reason for the stimulus to begin with, but I guess they think 4 days will make a huge difference on the economy. It might make a difference for some people, but I’m not so sure it will turn the tide for our economy.
The IRS will be able to distribute the stimulus rebate checks earlier than previously scheduled due to a new computer program they have in place.
According to CNN, “As of next week, 800,000 tax filers daily will begin to have their checks directly deposited Monday, Tuesday and Wednesday. No checks will be distributed Thursday, and 5 million payments will be made Friday.”
The original schedule for the economic stimulus rebate check release:
The rebates will be sent out according to the last to digits of the tax filers Social Security Number (these dates assume you filed your taxes by the April 15th deadline).
If your tax return was filed after the April 15 deadline, your rebate checks may be delayed until approximately two weeks after you receive your refund (if you receive a refund). Since it normally takes the IRS about 2 weeks to process most tax returns, it should take about a month after you file to receive your rebate check.
What is the new rebate schedule?
Logic would dictate that the rest of the dates would be moved up 4-5 days, but the official release has not be announced. Because the IRS has the new computer system in place, it may be possible that they are sent out earlier than anticipated.
For more information, check out the Economic Stimulus Package Frequently Asked Questions.
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OK, so I filed with Turbo Tax, and never sent in my signature. The last two of my social are 00, and I am yet to receive the “rebate.” What do I need to do!! I really need this ASAP…
I am a stay at home Mom and my Husband Works. We filed Married filing Jointly. I read above to check your tax liability and if it is over 1200 you will get it. Where is my Tax liability listed on my tax form?
Thanks
We are in the same situation. When you find this information out please let me know.
I have a question for my mother. She is on ss disabilty. She went to HR to file w/ them even though her income wasnt enough so that she will get the stimulus. My question is this, I have received a letter from IRS stating I will get a refund. She has yet to recieve this same letter. Do you think HR made a mistake with her tax, or is it because she filed taxes a month after me??
This is all the information I can find on Tax Liability. It looks like it is line 57 on your tax form.
Here are some reasons the IRS may send you less than the maximum:
You are single and your net income tax liability is less than $600. (On Form 1040, your net income tax liability is Line 57, plus the amount on Line 52.)
You are married and your net income tax liability is less than $1,200.
You are single and your adjusted gross income (AGI) is more than $75,000. (On Form 1040, this is Line 37.)
You are married filing a joint return and your AGI is more than $150,000.
You owe back taxes.
You have federal debts such as unpaid student loans or child-support obligations.
My husbands last 2 digits are 04 and my are 34, and we both still havent’ gotten ours as of today (4/30/08). I wish they would have never said anything about getting them early. By the looks of the “early schedule” we both should have gotten ours. Hopefully by Friday they will be in there.
Kris,
I have been told by several people that we stay at home moms since we have no income will not be getting anything out of this. That even though we have filed jointly it is still considered separate in way of rebate qualifications. I have received so many answers to my question about if I personally am going to see any money. Mostly I get no.
This whole check ordeal is a major mess. In our situation if we are going o get anything our husbands will get in it under their last numbers.
I have not received mine either and my husband last numbers are 01. We thought we were gonna get it Monday and now its Wed. We did have our income taxes direct deposited. I’m being as patient as I can be with this. As anyone received theirs yet.
I wish they had never come out with a new schedule, it has everyone crazy, including me. Many of you are asking the same questions. Look up into this message board and you will find your answer. If you are married and your husband is the only one that made money, as long as you filed jointly you will receive your maximum tax liability if under 1200, and 1200 if it is over. If you have garnishments, are over or under the minimum or maximum limits of income, your rebate will be adjusted accordingly. Stay at home mom,s we do get some money. It is the 1200.00 that couples receive. If you made over 3000 last year and paid tax, you get everything you were liable for, before child tax credit, back in the rebate. You also get 300 per child. So many people are still saying, I am 25, have a dog and a cat, 3 children and made $10,000 how much will I get. Read the posts people. Look on your tax form, count your kids. No one I know thus far has gotten a rebate. Its probably a big scheme to get people to spend their money before they get it, and then never recieve it, allowing banks to step in and offer high interest loans to cover our overages. You never know.
Oh yes and for those who are wondering, if you used a tax product like turbo tax, the only information the IRS has is the temporary account number the product submitted to process your return. You will not get direct deposit. The only way you get direct deposit is if the IRS has your actual bank info. All others will get a paper check. Unless you asked to have yours split, and then I believe it will be a paper check anyway.
I filed 1040A direct deposit. Last two ssn is 00. AS of 10:50est today. I have yet to receive my rebate. I really thought it would of been in my account by now. Should not of even stated they were going to be early. I just hope its atleast in there by Friday.
Robyn, so how do we know if the IRS has our actual “bank info?” And if we are getting a paper check when should this be received? Why would you be penalized for using such a popular tax product such as Turbo Tax?
Robyn, I am as frustrated as you are and now even more so, reading these posts. My husband and I have not received ours yet and my SS is 19, by the new schedule I would have thought I would have gotten mine on Monday. The government shouldn’t have gotten everyone’s hopes up by stating that direct deposits would be going out early. At the same time, I think that speculating on conspiracies is also not the right route to go either and will in no way make anyone feel any better considering this country’s financial situation.
I do know someone who got their rebate on Monday, his SS is 03, however; I don’t believe that his SS had anything to do with it. I read a post above that 1040EZ’s were getting their’s first and so far out of my whole group of friends, it holds true since he would have been the only one that would have done a 1040EZ. So yes, I do know someone that already got their rebate and so yes we will be getting all of ours eventually. As much as it sucks, we will all just need to be patient.
Joey, I believe that if you look at your tax return it should have your DD bank info on the bottom of the return. This is how it would look had you not used Turbo Tax. I believe what Robyn is referring to is if you had your Turbo Tax charges taken out of the return, they create a temp account under their name to take those charges out. I think that if you paid the charges separately, via credit card, etc., you should be ok. I would go with whatever is on your tax return because that is what is submitted to the IRS.
I done my taxes online through the taxact website and I also used direct deposit. I stll haven’t received the deposit. Will I be getting a paper check now?
I did not do direct deposit but I did rapid refund w/Jackson & Hewitt, so I would imagine I would get a check via mail around the 16th of May my last 2 is ‘20′.
I would like to know if I can get some clarification; is it true that the individual receives $600 plus $300/child?
Also, I have been going back & forth w/the IRS from my 06 return it was settled & closed w/owing nothing, now it is open again, but nothing needs to be done @ this time. I understand that to mean at this date & time I do not OWE the IRS any monies, is it safe to say I would get my rebate?
I did not do direct deposit but I did rapid refund w/Jackson & Hewitt, so I would imagine I would get a check via mail around the 16th of May my last 2 is ‘20?.
I would like to know if I can get some clarification; is it true that the individual receives $600 plus $300/child?
Also, I have been going back & forth w/the IRS from my 06 return it was settled & closed w/owing nothing, now it is open again, but nothing needs to be done @ this time. I understand that to mean at this date & time I do not OWE the IRS any monies, is it safe to say I would get my rebate?
Like Bonnie, have kids and did a 1040A so no early deposit for me either, evidently! (Was hoping Monday due to ss last digts of 02.) Of course, like the usual IRS way of doing things, I should have KNOWN that it can’t be THAT simple. I guess I’ll believe this money is coming when I get it IN MY HANDS and not a minute before. Ugghhhhh….
Hopefully this will clarify the questions re: turbo tax (or other similar tax program) and direct deposits. If you had the filing processing fees deducted out of your return or did a refund anticipation loan, you will get a mailed check even if you received your return via direct deposit. Otherwise, if you used turbo tax and paid the fees out of your credit card, then you will receive the stimulus via direct deposit.
info can be found here: http://turbotax.intuit.com/support/kb/tax-content/tax-tips/5462.html#receive
or here:
http://turbotax.intuit.com/support/kb/e-file/ef-status/2760.html
also lots of q&a here:
http://turbotax.intuit.com/support/kb/tax-content/tax-tips/5961.html
also, if you had your refund split into several accounts, you will receive a mailed check.
http://www.irs.gov/newsroom/article/0,,id=181997,00.html
I am a single mother filing head of household and have a 19 year old son who is not working and going to college.
Do I get the extra 300.00 for him?
Here is some extra information regarding the rebate and Turbo Tax. It looks like you will not receive it direct deposit only if you chose to have your fees directly taken out of the refund itself and did not pay via credit card.
ok so now this is very conflicting information… does any one know the real answer to those who filed with Turbo Tax? either if you had your fees taken out of the refund, or if you paid via credit card????????
Not to be rude joey, but did you click on the links i provided above? they are from turbo tax and it will answer your questions. if on turbo tax, you paid the fees with your own credit card, then you will get direct deposit. if you had turbo tax take the fees out of your refund, you will get a paper check even if you had your refund direct deposited. if you had the fees deducted out of your refund, turbo tax goes thru santa barbara bank & trust. i remember i did it that way a fee years ago and i believe on my bank statement it showed a deposit from SBB&T, whereas this year i paid myself and the deposit came from the US TREASURY. that may be also one way to tell if you are getting a paper check or not.
if u carry a dependent other than a child do u still recieve 300.00 because u carry them as a dependent, or does age or relation matter for dependents
Katerina,
Hi. Thank you very much for answering my question! No, actually I did not see your previous posting with the links. If you would be so kind as to repost those please? That would be awesome.! Thanks again
Direct from Turbo Tax:
Will my economic stimulus payment be direct deposited into the same bank account?
No. With the recent enactment of the Economic Stimulus Act of 2008, TurboTax does not ask for deposit information for your economic stimulus payment.
The IRS says taxpayers who use certain financial transactions with third parties to obtain their refunds will receive their rebates by mail—even if they got or will get their refunds by direct deposit.
I called the irs and they said only the people who filed with 1040EZ will get it before. Everyone else will be on the normal schedule.
We filed the 1040EZ and we haven’t gotten anything yet.
Ive heard so many different things about this stimulus payment. I went 2 H&R Block & had my refund put on the Emerald Card & they are telling me that is like a bank account because I have a savings account with them. I dont know if my stimulus payment will be on my card or not I kind of hope so because I need the money. I filed my 2007 tax return on 1/4/08 before the IRS started accepting the returns. I will get the money when I get it. Also the way I understand the new payment schedule is that all direct deposits will be done by 5/2/08 and all paper checks will start getting mailed by 5/9/08 if any one knows any different please let me know your information.
Someone asked what qualifies a dependent to get the 300.00 rebate. All dependents that meet the requirements for the child tax credit will be considered a dependent for the purpose of this program. There is no limit to the number of dependents, as in the EIC program.
Someone asked where to find what information .w0as submitted to the IRS for the purpose of DD, your direct deposit information is located in the refund section of your return, near the bottom, there is a field for a routing (RTN) number and account number. If they are unfamiliar, then likely the tax product you used issued you a temporary bank account for the purpose of receiving your refund, then deducted their fees and forwarded the rest to you. In these cases, a paper check will be issued. This goes for cards as well.
I was just wondering since my ex-husband is so far behind on his child support will his stimulas rebate come to me or to him??
Hey Nanette we are both in the same boat, and I believe we will be getting that one too. Did you receive his tax refund?
I don’t know if this will help anyone, but I used to work collections for US Department of Education. The stimulus will be offset (garnished) to anyone who has an outstanding defaulted student loan through the US Dept of Education. Mostly because they are affiliated with the IRS. As far as child support, that is a state thing and would not be taken from the stimulus due to the stimulus coming from the government not from your particular state you live in. I have had numerous people at my work ask that same question and one person called the IRS to verify his would not be taken due to him owing back child support. Sorry guys but looks as if no more money from the ex! Sucks I know because my son’s father is behind as well with his child support! Would’ve been nice!!
I am assuming if you owe back FEDERAL taxes, not STATE taxes, yours will be taken as well. I am not 100% positive of this so don’t quote me, However, I am 100% in regards to US Dept of ED! But if the US Dept of Ed is taking their money from the stimulus I am guessing the IRS will be taking their money for back FEDERAL taxes as well!
my ss# ends in 75 but I filed through HR Block in early feb. Will I still have to wait till june to get my paper check.
the date that said it would be mail is may 23th . but should we get our rebate check.we filled married jointly and we have 3 kids
Sometimes i even wonder if people pay attention to anything going on around them people no a days are to impatient. Questions like if “i didnt have my refund direct deposited will mine be direct deposited” is kind of a silly question . I reccommend people start paying better attention. FYI they irs has a schedule that states they will be sent by a certain day which doesnt mean it is going to be there that day. im looking at gettin 1800 back but honestly none of this will be spent on luxuries ill use it for bills. I dont see how this check will help anything it has just out our country farther in to debt. sorry about the rant ok my question kinda related. Why doesnt the government address the fact that the gas companies? our country is struggling but they continue to have record setting profits why not push back on the gas companies and tax them more or insist since they are profitting so much that they give the US a break by giving prices a break? Reality is gas prices go up then food goes up material costs go up everything goes up and noone can afford anything and inevitably the gas company stop making moey so would it not be smart for the government to push into that direction??????????
Ditto Mike, Mine will be spent on bills whatever the amount is.
Mike – I agree, I actually believe those that have a bigger income would if they received a stimulus check would benefit by being able to put the money away. Unlike someone such as myself who will do what other said they would do pay off what ever is lingering or try to at least get a $0- balance to start the process all over again in a few weeks…lol
I have a small student loan that is not past due at all. Will I still get a check or will my money go to pay towards my student loan? i am a little confused about if it will still go towards my loan if it is in good standing?
I agree with mike. all of my money is going on bills. I am so far behind on them I dont know what 2 do. I am a single mother of a 2 year old little boy that I dont get 2 spend alot of time with because I am working 50-60 per week just 2 pay the bills. I dont get any help from the government because thay say I make 2 much money but in reality I have 2 work so many hours just 2 pay the bills and if I am lucky enough buy a few groceries. My son and I are barely making it no thanks to the high prices of everything. any one have any suggestions. I live in Tennessee
If there is a child support arrearage owed to you of over $500 and the regular tax refund was taken then the stimulus check will be taken as well. Hope that helps…
Also… if I have direct deposit and don’t get the check when I should have what do I do?
I just gasped when I read some recent posts about filing with Turbotax direct deposit, but having the small fee taken out of my return instead of a credit card.. I did not realize the IRS would send you a paper check in that case! Oh nooo, lol… I was expecting that money very soon but since I had the temp account created with Santa Barbara Bank they won’t foward it to my real bank account? This is very disheartening considering my last 2 digits are 92, so I know now that I won’t get the check for another month in a half or so.. Wow what a disaster, stupid turbo tax!
New posting on the IRS website. You can go on there and check the status of your rebate now. There should of had this on there before now, it would of helped. It lets you know exactly when your getting it, and how its being sent. Also, it’s only if you have filed your return more then six weeks ago that it can give you the information. You also have to know your ssn, filing status, and exemptions. I now know that I’m getting mine tomorrow, not early like I thought.
Teresa thanks for posting that, it would have helped but when i put my information in, it said it didn’t have any information on my rebate.. Wtf?
This is incredibly frustrating for me. I typed in all the correct information and it comes up with absolutely nothing.. What am I doing wrong?
https://sa2.www4.irs.gov/irfof/IRServlet?app=IRACTC
Here is where I went. It also states that you have to of filed you return 6 weeks or more for it to work. Also, your exemptions, including yourself have to be right. First time I tried I forgot to add myself.
Also, Here is the information it gives if you have a problem. Hope it helps.
IRS Hours of Service:
Monday through Friday, from 7 a.m. to 10 p.m.
Call:
1-800-829-0582, when asked for an extension, enter 726.
From outside the US call 215-516-2000.
TTY/TDD: 1-800-829-4059
I POSTED THIS FROM ANOTHER SITE
Want to know about my stimulus check experience?
I thought I would share the experience of someone who’s social ends in *07*
1. I filed my taxes via turbo tax having the cost deducted from my return on 02/10/2008
2. I received my refund 02/21/2008
3. I did not ever receive the initial letter that went out regarding the stimulus, I called the 800 number for the IRS and spoke to a Mrs Barnes who said many people did not get it and that it was no big deal. She also said the 2nd letter letting you know how much you are getting will not be coming out for a few weeks as they are behind. This was 04/30/2008
4. I have a late, not defaulted student loan (that I can now pay woo hoo)
5. Monday – Wednesday, nothing posted as a stimulus payment.
6. This morning I logged into my bank, they show me pending deposits dated for 05/02/2008, there was my husbands check and our stimulus refund!
So be patient, they are coming. I hope this helps someone who is questioning their rebate Have a great day!
7 hours ago – 3 days left to answer.
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