STORM2K

Tax Rebate Check to Come Early
WASHINGTON (Reuters) - The U.S. Treasury will start sending tax rebate checks to Americans next week, ahead of its previous schedule, and aims to pump $50 billion into the U.S. economy by the end of May, Treasury Secretary Henry Paulson said Thursday. "We will start a bit earlier. We're a little bit ahead of schedule, so we will start right on Monday with direct deposits," Paulson told Reuters in an interview. What Do You Plan to Do With Your Check? Tell ABC News (/Business/PersonalFinance/story?id=4156165) Previously, the Treasury had planned to begin tax rebate payments in early May as part of a $152 billion stimulus plan passed in February. The checks had to wait until after the Internal Revenue Service processed the bulk of tax...



4.24.08 - Updated 7:01pm ET
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Oh goody, we can go further into debt even earlier than planned.

gtalum wrote:Oh goody, we can go further into debt even earlier than planned.

Actually me personally will be erasing some debt...

feederband wrote:Actually me personally will be erasing some debt...

I was talking nationally.

gtalum wrote:

feederband wrote:Actually me personally will be erasing some debt...

I was talking nationally.

Oh...I just live here man...

So will there be any change for folks like me who didn't have direct deposit? Or do I still have to wait until freakin' July?

Not that I approve of this whole stimulus idea, but hey, 600 bucks is 600 bucks.

On the bright side, mine is going straight to my savings account to act as part of my emergency fund, because after we close on our new house in June we'll be broke as heck.

Ours is going to the savings account too. Hopefully we won't have to tap it to buy gas.

I will get mine by direct deposit, so I guess I should start looking for it on Monday. I will be using mine to help my debt deficit-lol, and the rest goes in my savings.

It's going to help me pay for the gas I need to get to and from work. At least that won't increase my credit card debt. Also, some of it will go towards my annual gardening expenses that normally go on the credit card.

Well I have not seen the money deposited into my account as of yet... The last 2 numbers of my hubbys ss is 01. I hope to see it post after midnight tonight... I hope!! I am getting a Mac with it, this old PC just isnt cuttin it anymore!! We are gettting direct deposit, but i thought we would see it today, as the irs site says, should start receiving rebate checks on april 28. Maybe they mean its going to be dated the 28 but deposited the 29th? I dunno.... just really needed it today!!!

Dont know anyone personally but on other forums there are a few that got it today...

Well thats good to hear.... I dont wanna wait till Friday!!

"Its my money, and I need it NOW!!" :lol:

Mine didn't hit my account today. Maybe tomorrow.

I am still waiting for my check... has anyone gotten theirs yet?

Yankeegirl wrote:I am still waiting for my check... has anyone gotten theirs yet?

I heard of a few yesterday ....But none today...And there will be none on thursday and then 5 million people on Friday...

Does anyone find it downright scary that the Govt. is basically saying that the economy is tanking so badly that we are going to give taxpayers "free money" to "stimulate" the sagging economy. When was the last time that the Govt. did this?
Even in the last official recession this type of action was not necessary so what is different this time?
maybe I am too paranoid but when the Govt wants to give me something I get worried.
Tim

LSU2001 wrote:Does anyone find it downright scary that the Govt. is basically saying that the economy is tanking so badly that we are going to give taxpayers "free money" to "stimulate" the sagging economy. When was the last time that the Govt. did this?

They did it in 2001. It didn't work then, and it won't work now.

The good news is that despite forecasts, we're still not actually in a recession. GDP grew again last quarter, though not by much.

gtalum wrote:

LSU2001 wrote:Does anyone find it downright scary that the Govt. is basically saying that the economy is tanking so badly that we are going to give taxpayers "free money" to "stimulate" the sagging economy. When was the last time that the Govt. did this?

They did it in 2001. It didn't work then, and it won't work now.

The good news is that despite forecasts, we're still not actually in a recession. GDP grew again last quarter, though not by much.

Give them time. I'm sure the media will scare everyone into one before long.

For anyone that's interested: If you did an H&R block rapid refund, or another type of refund anticipation loan, you will get a paper check. The rebate will not go through the preparer.

Based on the original schedule, I would be getting mine in july. I knew that they were accelerating the direct deposits, but I hadn't heard that they were accelerating the paper checks.