The IRS will begin sending the Economic Stimulus Payments in May 2008.

Click here http://www.irs.gov/app/espc/ and use the Economic Stimulus Payment Calculator!

 

You will need your 2007 tax return information to answer the questions.

Note: The advance payment will be based on your 2007 return. If you do not file a federal tax return for 2007, you will not receive the advance payment in 2008. However, if eligible, you would still be able to claim the credit on your tax return for 2008, which you would file in early 2009.

 

Below are the schedules for economic stimulus payments related to tax returns processed by April 15, 2008. People who use direct deposit will be among the first to receive the payments starting May 2.  Paper checks will be put in the mail starting May 16.

Stimulus Payment Schedule for Tax Returns
Received and Processed by April 15

Direct Deposit Payments
If the last two digits of your Social Security number are:	Your economic stimulus payment deposit should be sent to your bank account by:
00 – 20	May 2
21 – 75	May 9
76 – 99	May 16
Paper Check
If the last two digits of your Social Security number are:	Your check should be in the mail by:
00 – 09	May 16
10 – 18	May 23
19 – 25	May 30
26 – 38	June 6
39 – 51	June 13
52 – 63	June 20
64 – 75	June 27
76 – 87	July 4
88 – 99	July 11

A small percentage of tax returns will require additional time to process and to compute a stimulus payment amount. For these returns, stimulus payments may not be issued in accordance with the schedule above, even if the tax return was processed by April 15.

Information taken directly from: www.irs.gov.