Economic Stimlus Rebate Checks! Where is Yours??
April 30, 2008 2008 Elections, Finance, Home & Garden, TheBuzz
So your expecting your big money rebate check from the government?
Well the IRS announced that they will send out economic stimulus payments starting this past Monday, April 28th. This is almost a week earlier than the originally planned date of May 2nd. The reason given for the early send off? To stimulate the economy. Duh, Maybe they should of sent these out before the rise of high gas prices, funny how things are scheduled huh?
The IRS will be able to distribute the stimulus rebate checks earlier than previously scheduled due to a new computer program they have in place.
According to CNN, “As of next week, 800,000 tax filers daily will begin to have their checks directly deposited Monday, Tuesday and Wednesday. No checks will be distributed Thursday, and 5 million payments will be made Friday.”
The rebates will be sent out according to the last to digits of the tax filers Social Security Number (these dates assume you filed your taxes by the April 15th deadline).
The original release schedule
Logic would dictate that the rest of the dates would be moved up 4-5 days, but the official release has not be announced. Because the IRS has the new computer system in place, it may be possible that they are sent out earlier than anticipated.
