The Associated Press reports that economic stimulus checks will start hitting banks for those who chose direct deposit on their 2007 tax returns on Monday May 2, and paper checks will start being mailed May 9. Here is the schedule of payments according to The Orange County Register:
“Both the direct deposit payments and the paper checks are being processed by the last two digits of a taxpayers’ Social Security number.
For people receiving direct deposits, those with a Social Security number ending in 00 to 20 will have their economic stimulus payment deposited to their bank account by this Friday.
Those with Social Security numbers ending in 21 to 75 will get their direct deposits by May 9 and those with Social Security numbers ending in 76 to 99 will get their deposits by May 16.
For those receiving paper checks, the last paper checks, covering people with Social Security final digits from 88 to 99 will be in the mail by July 11 under the current schedule. The IRS estimates that about two-thirds of the payments will be paper checks and one-third will be direct deposits.”
Now I am all in favor of having my check, but wouldn’t it be nicer to get rid of the IRS altogether?
