Eligible taxpayers will receive:
- Up to $600 per individual
- $1,200 per married couple
- $300 for each child under age 17
Direct deposit payments,
by Social Security number
- Numbers ending in 00 to 20: May 2
- Numbers ending in 21 to 75: May 9
- Numbers ending in 76 to 99: May 16
Dates checks should be in the mail, by Social Security number
- Numbers ending in 00 to 09: May 16
- Numbers ending in 10 to 18: May 23
- Numbers ending in 19 to 25: May 30
- Numbers ending in 26 to 38: June 6
- Numbers ending in 39 to 51: June 13
- Numbers ending in 52 to 63: June 20
- Numbers ending in 64 to 75: June 27
- Numbers ending in 76 to 87: July 4
- Numbers ending in 88 to 99: July 11
Source: Internal Revenue Service, www.irs.gov
Steamboat Springs A check in your name may arrive soon as part of the federal government's much-heralded - if not awkwardly named - economic stimulus package.
Payments started arriving last week for taxpayers who filed for direct deposit, and others should start receiving checks in the next several weeks. Single people will get up to $600, married couples $1,200 and parents an extra $300 for children younger than 17.
More than 130 million households will receive payments, according to the Internal Revenue Service. The idea is to cut residents a break and stimulate the battered U.S. economy.
But those who want to be responsible with the windfall should use it to pay down credit card debt, said James Ballard, a financial planner and investment adviser in Steamboat Springs.
"Other than that, they're probably going to be forced to spend it on their gas," Ballard said. "With increased gasoline prices and food, they may not have much choice but to do that."
But, really, where's the fun in that? There's got to be something spicier to spend cash on in Steamboat. Happy-hour margaritas for your hundred closest friends, perhaps, or a $200 bottle of 2005 Leonetti Cellar Reserve wine from Walla Walla Valley in Washington. That's what Cellar Liquors manager Chris Gibbens recommends for a wine drinker with cash to burn.
And for the outdoorsy type? You could put money toward next year's ski pass, which will cost $979 for the Steamboat Ski Area. Or you could buy a Super Plus Pass for $439 and ski at Copper and Winter Park - plus six unrestricted days here.
Several Steamboaters said they would put money toward a new mountain bike, a kayak or winter mountain gear. Bruce Lee, who co-owns Straightline Outdoor Sports, said he'd be happy to take the cash off your hands. Fly rods run from $100 to $600, he said.
"Six hundred dollars would get them real quality stuff," Lee said. "You could get a nice rod and a pair of waders. If people have extra cash lying around, I'd love to help them out."
Personally, Lee would go a more practical route. He needs new floor mats for his truck. He'd also get a gift - rawhide chew toys - for his yellow Labrador, Ruby.
Urban Laundry employee Anne Wolfe might suggest spring dresses for prom, graduation and weddings for customers waltzing in with a wad of cash and commerce on their minds.
"It's not a necessity, so that's something good to spend free money on," Wolfe said. Of course, if she gets a check, she said, it's headed straight to the bank.
Epilogue Book Co. owner Erica Fogue's eyes flashed at the mention of a customer ready to drop 600 big ones. She'd recommend "a whole stack of great books for summer reading, maybe : or maybe something for mom for Mother's Day," which is May 11.
Her store also does stacking for people's libraries, so she suggested "maybe like a 10-foot stack of any kind of books." And for someone with a child, she'd recommend the whole Dr. Seuss collection.
"For a really big splurge - oh, it's so enticing - there's a set of Shakespeare books I've considered getting," Fogue said. "It's like $500."
Sweet Potato Lingerie has a few things on hand for people seeking the functional or frivolous, owner Leslie Faulkner said. She suggested that those with a few hundred to spare buy a bit of both.
"Like, stock up on some bras, if it's a woman, or sleepwear or a robe," Faulkner said. "And then they could get something, like a nicer, more expensive piece."
Perfume and cologne are options, she said.
"And there are these stiletto cowboy boots, for the rodeo," Faulkner said, pointing out a black pair that would set a customer back about $82.
There are all kinds of options out there, but most people have said they would pay bills or save. Taxpayers who aren't in debt should put the check into a money market fund or put it into a cash account so they can use it later for food and gas, Ballard said.
"If they don't need it right this minute, they're going to need it soon," he said with a laugh.
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