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The first wave of economic stimulus payments have already gone out and millions of Americans have received them.
The stimulus payments started going out last week, and the initial round of payments will continue on a weekly basis through mid-July. In all, nearly 130 million payments will go out this year. Last week, 7.7 million payments were direct deposited, and the first mass production of paper checks began Thursday.
For taxpayers still wondering when that economic stimulus check will arrive in their bank accounts, they can now trace where it is.
Visit https://sa2.www4.irs.gov/irfof/IRServlet?app=IRACTC and follow the directions to track your stimulus payment.
And for those who aren't sure how much they'll get, the IRS has set up an online tax rebate calculator to help figure it out. The calculator and answers to other questions about the stimulus payment can be found at www.IRS.gov.
- "Many people have questions about the stimulus payments, and the IRS has the answers available on the IRS.gov web site," said IRS Commissioner Doug Shulman. "The stimulus payments are automatic for eligible taxpayers who filed a 2007 tax return, and taxpayers do not need to take any additional action to receive the payment."
The following payment schedule is for people who filed early enough to have their tax returns processed by April 15.
Direct Deposit Payments For Returns Processed by April 15
If the last two digits of your Social Security number are: Payments will be transmitted no later than:
00 - 20 May 2
21 - 75 May 9
76 - 99 May 16
Paper Checks For Returns Processed by April 15
If the last two digits of your Social Security number are: Payments will be mailed no later than:
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
The payment schedule is a general guideline and several factors could affect payment timing.
