As you may remember from my earlier post, President Bush signed an Economic Stimulus package into law earlier this year. Many people have asked when they can expect to receive their check. The IRS will be issuing checks based on the last two digits of the main filers social security number. If you use direct deposit checks will start being deposited May 2, 2008. If you selected paper checks they will start being mailed May 16, 2008. For more information on when you will receive your stimulus check please visit the IRS website. Please pass this information on to your employees.
Please remember the key to receiving your Economic Stimulus check is to file your 2007 Federal Income Tax. Even if you are not normally required to file a federal income tax return, you must file to receive your check.
If you would like to calculate the amount of your payment the IRS has created an online calculator to help you with the process.
By Susan Holbrook