If you use Turbo Tax to file your taxes and you used the "refund transfer" to pay for your tax prep/filing fees out of your refund proceeds (instead of using a credit card), you WILL NOT be getting a direct deposited IRS stimulus payment as you expected. You will be receiving a paper check according to their paper check schedule.
READ MORE HERE AT TURBO TAX
Nice that this wasn't made more widely known!
The IRS stimulus payments are coming out earlier than expected. The schedule was this. However, an article I read today in USA Today says:
"We're a little bit ahead of schedule, so we will start right on Monday with direct deposits," Treasury Secretary Henry Paulson told Reuters in an interview Thursday.
Are you wondering when your stimulus payment will arrive? Here's the schedule:
DIRECT DEPOSIT
The digits are the last two SSN digits and the date is when the payment will be transmitted:
00 through 20, May 2
21 through 75, May 9
76 through 99, May 16
PAPER CHECK
00 through 09, May 16
10 through 18, May 23
19 through 25, May 30
26 through 38, June 6
39 through 51, June 13
52 through 63, June 20
64 through 75, June 27
76 through 87, July 4
88 through 99, July 11
There are some variations to this if you didn't file on time and other considerations but this is the schedule for the majority of us (IRS Schedule).
For the calculator to figure out how much you are getting: IRS Calculator
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