Treasury Reports Over 9.5 Million Stimulus Payments Sent in Past Week
JUN. 13, 2008
Treasury Reports Over 9.5 Million Stimulus Payments Sent in Past Week
DOCUMENT ATTRIBUTES
- Institutional AuthorsTreasury Department
- Code Sections
- Subject Areas/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2008-13200
- Tax Analysts Electronic Citation2008 TNT 116-60
Week 7 Wrap-Up: Treasury Sent 9.526 Million Stimulus Payments This Week
June 13, 2008
This week the Treasury Department sent out 9.526 million economic stimulus payments to American households totaling $7.032 billion. So far, Treasury has sent out 76.526 million total economic stimulus payments totaling $63.863 billion.
Cumulative Total
Total Number of Payments: 76.526 million
Total Amount of Payments: $63.863 billion
Week Seven (June 9-13)
Total Number of Payments: 9.526 million
Total Amount of Payments: $7.032 billion
Week Six (June 2-6)
Total Number of Payments: 9.143 million
Total Amount of Payments: $6.789 billion
Week Five (May 26-30)
Total Number of Payments: 5.757 million
Total Amount of Payments: $4.320 billion
Week Four (May 19-23)
Total Number of Payments: 6.211 million
Total Amount of Payments: $4.927 billion
Week Three (May 12-16)
Total Number of Payments: 15.575 million
Total Amount of Payments: $13.562 billion
Week Two (May 5-9)
Total Number of Payments: 22.180 million
Total Amount of Payments: $20.138 billion
Week One (April 28-May 2)
Total Number of Payments: 7.708 million
Total Amount of Payments: $7.091 billion
The Treasury Department will announce at the end of every week the total number of payments that have been sent to households, and the total amount of payments sent. Payments began April 28 and will continue via direct deposit or paper check through mid-July. For a single filer, the minimum payment is generally $300 and the maximum payment is $600. For joint filers, the minimum is generally $600 and the maximum $1,200. There is also an additional $300 payment for each qualifying child.
For tax returns processed by the Internal Revenue Service by April 15 households will receive their payments according to the last two digits of the Social Security number on the tax form. On a joint return, the first number listed will determine when a stimulus payment will be sent.
Direct Deposit Payments
If the last two digits of Your economic stimulus
your Social Security payment deposit
number are: should be transmitted to
your bank account by:
00-20 May 2
21-75 May 9
76-99 May 16
Paper Check
If the last two digits of Your check should be in the
your Social Security mail by:
number are:
00-09 May 16
10-18 May 23
19-25 May 30
26-38 June 6
39-51 June 13
52-63 June 20
64-75 June 27
76-87 July 4
88-99 July 11
A small percent of tax returns will require additional time to process and to compute a stimulus payment amount. For these returns, stimulus payments may not be issued in accordance with the schedule above, even if the tax return was processed by April 15. In these cases, the stimulus payment will be issued approximately 2 weeks after the tax return is ultimately processed.
DOCUMENT ATTRIBUTES
- Institutional AuthorsTreasury Department
- Code Sections
- Subject Areas/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2008-13200
- Tax Analysts Electronic Citation2008 TNT 116-60
