Dubya took off his blinders today and actually admitted that "It's obvious our economy is in a slowdown."
Then, simultaneously patting himself on the back, he announced that delivery of the economic stimulus rebate checks has been accelerated by a week.
The IRS hasn't yet updated its official Web page showing the new rebate delivery schedule, which is still based on the last two digits of a taxpayer's Social Security number. But I've adjusted the ones previously posted here on the ol' blog.
First we have the new timetable for
folks who included bank account information their 2007 returns so that
|SSNs ending in 00 through 20||Deposited by April 28|
|SSNs ending in 21 through 85||Deposited by May 5|
|SSNs ending in 76 through 99||Deposited by May 12|
And here's the new schedule for actual rebate checks that will be delivered by your U.S. Postal Service carrier:
|SSNs ending in 0 through 9||Mailed by May 9|
|SSNs ending in 10 through 18||Mailed by May 16|
|SSNs ending in 19 through 25||Mailed by May 23|
|SSNs ending in 26 through 38||Mailed by May 30|
|SSNs ending in 39 through 51||Mailed by June 6|
|SSNs ending in 52 through 63||Mailed by June 13|
|SSNs ending in 64 through 75||Mailed by June 20|
|SSNs ending in 76 through 87||Mailed by June 27|
|SSNs ending in 88 through 89||Mailed by July 4|
How convenient that the last of the mailed checks will go out Independence Day week. Surely that's just serendipitous ... Not!
Why, other than for political reasons, the faster pace? Treasury spokesman Andrew DeSouza says payments are going out ahead of schedule thanks to a new computer program that now updates records daily rather than weekly.
Remember, though, that this new delivery schedule applies only to folks who've filed their 2007 returns. If you got an extension (like the hubby and me), you won't see your rebate money until you finally get your Form 1040 into the IRS.
Update May 5, 2008: This post has generated a lot of reader questions. I've answered some of them in this subsequent post, Readers question rebate delivery methods, and will be posting other Q&As from the comments below in future postings.