If you are anticipating a stimulus payment this year, the Internal Revenue Service has announced they will follow the following schedule for sending notices and rebate payments.
First of all, if you did not file your taxes or are not required to file, you will not receive a stimulus payment unless you file. You may file Form 1040A–Fillable Form to qualify (enter $1 for dividends if you paid no tax).
UPDATE
The IRS has released the following schedule for stimulus payments for both direct deposits and paper checks.
Week of March 3:
The IRS is sending out an Economic Stimulus Payment Notice to the 130 million taxpayers that filed a return for year 2006.
Week of March 21:
Social security recipients, railroad retirement beneficiaries and veterans benefits recipients will receive a letter whether they filed taxes or not.
Saturday, March 29:
Super Stimulus Day will link community volunteer tax preparation sites with other groups to promote the stimulus payments to eligible recipients.
April 15:
This is the traditional deadline for tax returns to be filed. This also is the filing cutoff for the first round of stimulus payments. What this means is that all taxpayers that file a tax return prior to April 15 will be included in the first stimulus payment cycle. No preference will be given to early filers. Instead, tax payments will be sent according to the last 2 digits of your social security number.
May and June:
Stimulus payments will be sent starting in May and extending into June. They will occur over several weeks.
October 15:
Taxpayers that received an extension must file by this date. Anyone seeking a stimulus payment should file a return by this date.
December 31:
This is the last date that stimulus payments will be mailed.
Tags: stimulus payment schedule