One of the most common questions I have heard regarding the economic stimulus rebate is “when will I get my rebate check?” Until yesterday, there was no answer.
The IRS announced they will begin sending out economic stimulus rebate checks May 2, 2008, and continue through the end of the year. The order checks are sent out will be determined by the last two digits of the tax filer’s Social Security Number, when the tax payer files, and whether the tax filer chooses direct deposit or payment by check.
The IRS expects to send out 25% of the checks within the first few weeks, and should have the majority of he rebate checks issued by mid-July.
Assuming your tax return is filed and processed by April 15, this is schedule for when you can expect your economic stimulus rebate.
If your tax return is filed after the April 15 deadline, your rebate checks may be delayed until approximately two weeks after you receive your refund (if you receive a refund). Since it normally takes the IRS about 2 weeks to process most tax returns, it should take about a month to receive your rebate check.
Keep in mind, this is a rough schedule – the Treasury is processing over 130 million rebates!
For more details, read about the 2008 Economic Stimulus Package, or the Economic Stimulus Package Frequently Asked Questions.