Like millions of Americans, you decided to file an extension last April so you could file your taxes this past October 15th. Well, the day has come and gone. You have filed your taxes and now you want to know, "Where is my stimulus payment?"
The good news is it is probably on the way. It takes about a week for the IRS to process the fact you have filed a tax return and are due a stimulus payment. After that, it can take six to eight weeks to receive it depending on how you go about it.
The IRS catches a lot of flack for not being particularly taxpayer friendly. In many cases, this criticism is entirely justified. In many cases, however, it simply is not. This is particularly true when it comes to tracking your stimulus payment. With the right information, the IRS will tell you exactly what is going on via the IRS website.
To find out the status of your check, first visit the site. The domain is simply IRS dot gov. There you will find a link titled, "Economic Stimulus Payment Information Center". Click it. On the resulting page, you will see a link for "Where's My Stimulus Payment?" Now you need some very basic information. This includes your social security number, your filing status and the number of exemptions you claimed. This can all be found on your tax return if you do not recall the specific information off the top of your head.
At this point, the IRS will kick out an automated statement. It will tell you how much you claimed for the stimulus payment, how much you will get and roughly the day it should be delivered to you. See, the IRS can be helpful when you need basic information.
Now, a word of caution. You will note that I mentioned the IRS will tell you what stimulus amount you claimed and what you will actually receive. The numbers may be different because the IRS will first make sure it deducts any amounts you owe on taxes before it pays you. In most cases, this refers to situations where people have late payment or filing penalties for the 2007 tax year. An example would be making estimated tax payments later than required or, of course, not making them at all!
Finally, it is vitally important that you update any address changes with the IRS. While Big Brother certainly wants to know where you are, the reason in this case is the stimulus payment will usually not be forwarded by the Post Office to a new address. In fact, the IRS is reporting some $200 million in refunds and stimulus payments it is having problems getting to taxpayers.
Richard A. Chapo writes about
federal income taxes for BusinessTaxRecovery.com.