The Check’s in the Mail
Economic stimulus payments have started going out and according to the IRS, nearly 130 million payments will go out this year, via direct deposit and paper checks.
The IRS has posted Stimulus FAQs to answer a variety of questions on the payment schedule and amounts, factors affecting direct deposit of payments and the eligibility requirements.
If you filed early enough to have your return processed by April 15, and you still haven’t seen your check?
It might have bounced back to the IRS if you’ve moved since filing your 2007 tax return. To avoid this, make sure the IRS knows about your change of address by filing a Form 8822.
Does the amount you received differ from that on your notice? You may owe the IRS or someone else more than they owe you, and your stimulus payment was reduced to collect back taxes or other debts such as alimony or child support. If this is the case, you will receive a separate notice about two weeks after you receive your stimulus payment and notice.
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Tags: change of address, economic stimulus payment, form 8822, tax refund, tax returns
