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Federal Tax Stimulus Payments Begin in May

Starting in May, the Treasury will begin sending economic stimulus payments to more than 130 million households. To receive a payment, taxpayers must have a valid Social Security number, $3,000 of income and file a 2007 federal tax return. IRS will take care of the rest.

Eligible people will receive up to $600 ($1,200 for married couples), and parents will receive an additional $300 for each eligible child younger than 17.

Economic stimulus payments will be issued according to the last two-digits of the main filer's Social Security number.

DIRECT DEPOSIT

Last two SSN digits: Payments will be transmitted:

00 through 20 May 2
21 through 75 May 9
76 through 99 May 16

PAPER CHECK

Last two SSN digits: Payments will be mailed by:

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

For more information, please visit the IRS website at www.irs.gov.