Hundreds of thousands of taxpayers are getting a bank account boost today. The IRS started making direct deposits this morning, in connection with the economic stimulus plan. About 800-thousand people will get rebates today. Direct deposits will occur tomorrow and Wednesday, and then again on Friday. The first paper checks will be mailed on May 9th. The rebates are six-hundred for individuals, 12-hundred for couples. And families with children get three-hundred a child. The government hopes this extra cash will help revive the economy.
Direct Deposit Payments
If the last two digits of your Social Security number are:
Your economic stimulus payment deposit should be transmitted 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
From irs.gov