Tuesday The IRS Started Sending Out 130 Million Economic Stimulus Payments May 2
WASHINGTON- On Tuesday the Internal Revenue Service announced that they will start sending out economic stimulus payments to 130 million people beginning May 2nd.
The IRS also has a new online calculator on their website to help people figure out how much money they can expect to get back. To view the online calculator go to the IRS.gov website look under the online calculator section.
Anyone that filed their 2007 income tax refund through direct deposit can will receive their economic stimulus payment through direct deposit. Everyone else will get a paper check.
Direct deposit payments will arrive sooner than papers checks.
Economic stimulus payments will be sent out in order of the last two digits of the social security number on the tax return.
Most people will receive their economic stimulus payment by filing for the tax return. It will be automatic for most people.
You can go to the following website for more information. IRS.gov