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May 9, 2008
HP-973
Week 2 Wrap-Up: Treasury Sent 22.180 Million Stimulus Payments This Week
This week the Treasury Department sent out 22.180 million economic stimulus payments to American households totaling $20.138 billion. So far, Treasury has sent out 29.888 million total economic stimulus payments totaling $27.230 billion.
Week Two (May 5-May9)
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
Cumulative Total
Total Number of Payments: 29.888 million
Total Amount of Payments: $27.230 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 28th 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.
REPORTS