Tuesday, March 18, 2008

Soc Sec nums determine stimulus payout order

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The IRS said it plans to deliver 130 million checks between May 2 and July 11 based on the last two digits of the recipient’s Social Security number.

According to the IRS, direct deposit payments will be made May 2 to recipients whose Social Security numbers end in 00-20.

Direct deposit payments will be made a week later, May 9, to people whose numbers end in 21-75. The final round of direct deposit payments will be made May 16 to people whose numbers end in 76-99.

Those who will receive paper checks are on a longer schedule.

Checks will be mailed May 16 to those whose numbers end in 00-09. A second round of checks will be mailed May 23 to those whose numbers end in 10-18. A May 30 mailing will be made to people whose numbers end in 19-25.

Subsequent mailings will be made June 6 to those whose numbers end in 26-38, June 13 to numbers 39-51, June 20 to numbers 52-63, June 27 to numbers 64-75, July 4 to numbers 76-87, and July 11 to those whose numbers end in 88-99.

The payments of $300 each to certain low-income recipients and $600 or $1,200 to single or married taxpayers, plus additional money for families with qualifying children, will be calculated from tax returns filed by April 15. Filers also can indicate on those returns whether they want money directly deposited in a bank account or mailed to them.