June 6, 2008
hp-1014
Week 6 Wrap-Up: Treasury Sent 9.143 Million Stimulus Payments This Week
This week the Treasury Department sent out 9.143 million economic stimulus payments to American households totaling $6.789 billion. So far, Treasury has sent out 66.576 million total economic stimulus payments totaling $56.831 billion.
Cumulative Total
Total Number of Payments: 66.576 million
Total Amount of Payments: $56.831 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
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If the last two digits of your Social Security number are: |
Your economic stimulus payment deposit should be transmitted to your bank account by:
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00-20 |
May 2 |
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21-75 |
May 9 |
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76-99 |
May 16 |
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|
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Paper Check
If the last two digits of your Social Security number are: Your check should be in the mail by: 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.
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