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Stimulus Payment Schedule...and irs calculator

post #1 of 17
Thread Starter 
SO I was thinking about when we will be looking forward to getting the stimulus check. I found a chart that shows you. We direct deposited it this year so we are gonna get ours around the 2nd of May no matter what the last 2 digits of our SSNs are. Anyways here is the link:

Chart:
http://www.irs.gov/irs/article/0,,id=180250,00.html

Calculator: (or should be)
http://www.irs.gov/app/espc/
post #2 of 17
Wow! I just did my taxes this weekend and when they said "later this year" I was thinking October.

All my refunds/stimulus checks are going directly towards my credit cards/student loans. I don't know how that helps the economy, but it gets me that much closer to being out of debt
post #3 of 17
Nice! Perfect timing to pay of DH's credit card. Then we can save at a slower rate.
post #4 of 17
...yeah, and then next year we get to claim it on our return as income....YAY!!!
post #5 of 17
Quote:
Originally Posted by Whisky'sDad View Post
...yeah, and then next year we get to claim it on our return as income....YAY!!!
from what I have read IT WILL NOT be put in anywhere on next yrs taxes
post #6 of 17
How do you set it up to be direct deposit? We had our tax returned Direct deposit. DOes that count?

Kim
post #7 of 17
May 9 for us!! We're planning on getting a washer & dryer that we desperately need, and have needed for almost 2 years. Guess that means we'll be stimulating the economy.
post #8 of 17
jsut save it, to pay your taxes next year, after the tax increase that is coming
post #9 of 17
Thread Starter 
Quote:
Originally Posted by kimkats000 View Post
How do you set it up to be direct deposit? We had our tax returned Direct deposit. DOes that count?

Kim
If you direct deposited your taxes this year you don't have to do anything. It will automatically be sent to that account your taxes went to.

If you did a RAL or paper check thats how you will get the stimulus check.

Whisky'sDad: the stimulus check is not taxable:
http://www.irs.gov/newsroom/article/...179181,00.html (scroll down a bit)


Quote:
Is my stimulus payment taxable?

A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment. In the event you do not qualify for the full amount this year but you do next year, you will need to have the letter as a record of the amount you previously received.
post #10 of 17
We were told ours will come the 2nd week of May and the Tax place gave us the estimated amount we will get. We will use it for a Washer and Drying after we get a House.
post #11 of 17
As it turns out, my ENTIRE "stimulus" check will go to pay off the ridiculously high balance left on my heating oil budget account. It will barely cover the cost of 150 gallons of oil.
post #12 of 17
well, that answers my question of if you got your return direct deposited will your stimulus get DD'd looks like mine will be 5/9
post #13 of 17
Quote:
Originally Posted by katiemae1277 View Post
well, that answers my question of if you got your return direct deposited will your stimulus get DD'd looks like mine will be 5/9
I direct deposited my return this year so I'll get mine early too My birthday is 5/12 so this will be a good birthday gift
post #14 of 17
i wonder how they'll do mine. i got my return direct deposited into 2 bank accounts.
post #15 of 17
Quote:
Originally Posted by babyharley View Post
I direct deposited my return this year so I'll get mine early too My birthday is 5/12 so this will be a good birthday gift
no doubt!! I get mine right after this semester of school ends so that'll be a nice reward
post #16 of 17
I saw this post and was pulling my tax papers out of the drawer at 1 am this morning to answer the questions.. Darn.. I didn't have my taxes direct deposited into my account so I have to wait.
post #17 of 17
Thread Starter 
Quote:
Originally Posted by okiron View Post
i wonder how they'll do mine. i got my return direct deposited into 2 bank accounts.
If you go to the IRS link and check the FAQ it tells you. But I am bored so I will go look it up for you real quick.

Quote:
Q. I used direct deposit to split my refund betweeen several accounts when I filed my tax return. What will happen to my stimulus payment? Will it go to just one of the accounts?

A. If you elected to split your refund between several accounts, you will not receive your stimulus payment by direct deposit. Instead, you will receive a paper check.
http://www.irs.gov/newsroom/article/...179181,00.html
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