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You are here: Home / Taxes / Stimulus check is in the mail, so to speak

Stimulus check is in the mail, so to speak

May 9, 2008 By WRN Contributor

Millions of people looking for extra money are calling the IRS inquiring about that stimulus payment.  

In response to phone calls, emails and website searches regarding the so-called economic stimulus check, the Internal Revenue Service compiled a list of Frequently Asked Questions , and included the answers.  

"The number one question people have is ' when will I get my payment or check ?' And the answer generally depends on the option you chose when you filed your 2007 tax return." 

Christopher Miller with the IRS says, direct deposit payments started going out last week, and paper payments are starting now; payments will continue through mid-July. Miller says the exact date of receipt depends on the last two digits of your social security number. ( Payment schedule )

"If you've already filed your 2007 tax return, just sit tight; the payment will be on its way." 

Miller says last week, 7.7 million payments were directly deposited, totaling more than $7 billion, with an average payment of $920. 

"In the end, approximately 130 million economic stimulus payments will go out and it should total about $110-billion." 

The IRS call center and website have been inundated, Miller says, with inquiries about the payment schedule, direct deposit concerns, eligibility requirements and payment amounts. 

The IRS reminds Americans that the agency will not call or email about the stimulus payments. If you get an email, it's likely a scam. Forward such messages to the IRS email scam department.  

AUDIO: Jackie Johnson report (1:28 MP3)

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Filed Under: Taxes





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