The check’s in the mail, or it will be soon

Peter Hukki – Enrolled Agent

Are you wondering when you will be receiving your economic stimulus rebate from the IRS? Well, assuming you filed your 2007 tax return and it was processed by the April 15th deadline, the checks will begin being issued in just a couple of short weeks.

If you had your refund direct deposited or your payment direct debited from your bank account, your rebate will also be deposited directly into your account. When that deposit will happen depends on the last two digits of the primary taxpayer’s Social Security number. If your last two digits are 00 through 20, the rebate payment will be transmitted to your account on May 2. For the numbers 21 through 75, the rebate will be sent on May 9, and finally for the numbers 76 through 99, the rebate will be sent on May 16.

Paper checks will be mailed on a slightly different schedule, as follows: 00 through 09, mailed on May 16; 10 through 18, May 23; 19 through 25, May 30; 26 through 38, June 6; 39 through 51, June 13; 52 through 63, June 20; 64 through 75, June 27; 76 through 87, July 4; 88 through 99, July 11.

For those returns that were processed after April 15, you can expect your check approximately two weeks after receiving your tax refund. If you filed an extension, your return will need to be filed by October 15 in order to receive the stimulus payment.

The important thing to remember is that you must file a return to get the stimulus check. In other words, no ticket, no laundry.

Peter Hukki is an Enrolled Agent for JK Harris and Company, LLC. He has been an EA since 1974 and is also a practicing Tax Practitioner, completing tax returns for individuals, corporations, trusts, partnerships and estates.