IRS releases schedule of Rebate Payments

[Bonnie]

Here is the scheduled release date of the rebates for this spring and summer. Keep in mind if you have already filed your tax return and had the federal refund direct deposited to your bank account then your rebate will also be by direct deposit. If you had a check mailed to you for your federal refund then your rebate will also be mailed. The direct deposits will be done first over a 3 week time frame followed by those having checks mailed. All will be done according to the last 2 digits of the primary taxpayers' social security number. If you have any questions about any of this please let me know.
March 18, 2008 - IRS Stimulus Payment Schedule Announced

The IRS has announced the payment schedule for the stimulus payments (also known as the rebate payments).

For taxpayers who will receive their payment by direct deposit, the payments will be made according to the last two digits of the taxpayer's SSN according to this schedule:

Last two digits of the SSN are 00-20: May 2
Last two digits of the SSN are 21-75: May 9
Last two digits of the SSN are 76-99: May 16


If the taxpayer will receive the payment by check to their home, the IRS expects to mail the check according to the last two digits of the taxpayer's SSN according to this schedule:

Last two digits of the SSN as 00-09: May 16
Last two digits of the SSN as 10-18: May 23
Last two digits of the SSN as 19-25: May 30
Last two digits of the SSN as 26-38: June 6
Last two digits of the SSN as 39-51: June 13
Last two digits of the SSN as 52-63: June 20
Last two digits of the SSN as 64-75: June 27
Last two digits of the SSN as 76-87: July 4
Last two digits of the SSN as 88-99: July 11

[thomtax]

Thanks Bonnie

[RLymanC]

Thanks

A bunch Bonnie.....the most fequently asked question by clients this week.

Hope the IRS preforms.