I posted some information last week to show that most retired people should be sure to file their income taxes to get the Economic Stimulus payments. The IRS and also Kiplinger (the tax people) have provided calculators on the Internet to help you know how much you can expect to receive. I prefer the way Kiplinger did their calculator since it is easier to understand. This is sufficient for about 99 percent of us. Just click the links to find the calculators and schedule.
KIPLINGER PAYMENT CALCULATOR
If you prefer, you can use a calculator provided by the IRS. This is certainly more complex, but I believe it is more accurate for certain people, too.
IRS PAYMENT CALCULATOR
Both of these are just estimates, so don't go spending the money until you have it in your hands.
Now, maybe you want to know when you will get these payments. The IRS is the best place to go for this information. First, the payments are made based on the last two digits of your SS #. Actually, if you file a joint tax return the first number of the two SS #s is used.
PAYMENT SCHEDULE
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