The Treasury Department said it has sent out 7.708 million economic stimulus payments, or tax rebates, in the first week, totaling $7.091 billion.
The payments began April 28 via direct deposit. Paper checks will be in the mail starting May 16. For single filers, the payments range from $300 to $600. For joint filers, payments range from $600 to $1,200. There is also an additional $300 payment for each qualifying dependent child.
For tax returns processed by the IRS by April 15, U.S. households are receiving their payments according to the last two digits of the Social Security number on the tax form. On joint returns, the first number listed determines when the payment is sent. 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 |
21 – 75
76 – 99
| May 2 |
|If the last two digits of your Social Security number are:||Your check should be in the mail by:|
| 00 – 09 |
10 – 18
19 – 25
26 – 38
39 – 51
52 – 63
64 – 75
76 – 87
88 – 99
| May 16 |
The Treasury Department noted that a small proportion of tax returns would take additional time to process. For those returns, stimulus payments may not be issued in accordance with the schedule above. In those cases, the stimulus payment will be issued approximately two weeks after the tax return is finally processed.
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