Economic Stimulus Rebate Checks

Hello all, I wanted to share this with everyone because I think many people are receiving the rebate checks from Uncle Sam. I went to the IRS website today for all the information (irs.gov). Remember you must file a 2007 return to get the rebate and make less than $45,000 and more than $3,000. If you are on Social Security (retirement, disability, survivor), railroad retirement, veterans and you don’t normally file taxes do so this year because you may recieve this money as well. This is the pay out for single $300-600, married couples $1200 and one child equals $300.

If you think you may recieve something then you might want to check out the payment calculator be sure to have a copy of your 2007 return handy as you will need it to punch in figures. This will definitivly tell you what you will get if any at all.

If you already know you are receieve something the payout will be determined on two things: the last two digits of your social security number and if you had direct deposit or check. To determine when your money will be sent to you either by direct deposit or check you can look at the payment schedule.

Remember you must file a return for 2007 by April 15 of this year to have your money this year. There is a boat load of free efile sites through irs.gov and the only requirement is you make less then $54,000. It is free, I use the service and if you get a refund it takes less time. Don’t worry if you are tax stupid like me all the free sites are easy to use and they do everything for you. I used H&R Block free efile and everything on my end was data entry.

Have a great night!