From Deseret News archives:

Facts and figures on U.S. checks

Published: Monday, April 28, 2008 12:49 a.m. MDT
 |  E-MAIL | PRINT | FONT + - 
Starting today, $168 billion in economic-stimulus checks from the federal government will start landing in people's bank accounts. What does this mean for you?

• Checks will be mailed mid-May through mid-July, depending on the last two digits of your Social Security number, with lower numbers getting checks first.

• The checks will be worth up to $600 per person — $1,200 per married couple — plus $300 per child.

• To get a check, you must have filed a 2007 tax return, which was due April 15.

• If you're retired, a disabled veteran or someone who normally doesn't file a tax return, you still can file a 2007 tax return before Oct. 15 so you can get your check. See www.irs.gov for instructions.

• Those who filed tax returns early and asked for direct deposit in a bank account could get them as early as Monday.

• Stimulus checks phase out for those making over $75,000 a year, or $150,000 per married couple, at 5 percent of the total over that threshold. So, say a couple with no children made $160,000. That couple is $10,000 over the threshold, and 5 percent of that is $500. So, if they were in line to get $1,200, they'd instead get $700.

Story continues below
• To calculate how much you're getting, or for other information about your stimulus check, visit www.irs.gov.

Source: Internal Revenue Service

Recent comments

My husband made more money in 2007 than in any other year. However...

sij1 | April 28, 2008 at 8:53 a.m.

previousnext

Latest comments

I find it interesting that many of the same people who say that we can't...

Cougs begin bowl preparations

None of these teams is going to be easy. They all have fine football...

Max Hall issues apology

Max, no apology was necessary, but the apology was polically correct. If...

Very good piece of writing, Amy. You summarized what many of us have been...

U. eyes bowl for redemption

How is a top 25 finish make Utah a top twenty team? I think what the poster...

Max Hall issues apology

90% of the BYU & Utah fans have class, and Hall knows it. If you don't...

This might be my favorite article I've ever read from the Deseret News. Kudos.

Y. student vanished in China

Thank you for not giving up and don't give up now brother and sister...

Child prostitutes don't get help

Dr. Lois Lee's work with children who are victims of child sexual...

Look at the preview for Pixar's "Up". The whole move is summarized in...

Advertisements