Feds: Rebates Checks Are Coming Next Week

If you filed your taxes electronically and received your tax refund via direct deposit, the government will be sending your stimulus money as early as next week, ahead of schedule. This is probably one of the few instances in American History where you'll hear "government," "sending your money," and "ahead of schedule" in the same instance, so they must really think we're in a pickle economically. The Economic Stimulus package checks will be sent to you via direct deposit if you filed for a refund using direct deposit.



Here is the schedule for the payments, based on Social Security number:

Those who sign up to receive a 2007 tax refund via direct deposit will receive checks first.
According to the Internal Revenue Service, direct deposit payments will be made the week of April 28 to recipients whose Social Security numbers end in 00-20.

Direct deposit payments will be made May 2 to people whose numbers end in 21-75.

The final round of direct deposit payments will be made May 9 to people whose numbers end in 76-99.

…and for you paper people out there, you will receive a paper check:

[Paper] Checks will be mailed May 16 to those whose numbers end in 00-09. A second round of checks will be mailed May 23 to those whose numbers end in 10-18.

A May 30 mailing will be made to people whose numbers end in 19-25.

Mailings will be made June 6 to those whose numbers end in 26-38; June 13 to numbers 39-51; June 20 to numbers 52-63; June 27 to numbers 64-75; July 4 to numbers 76-87; and July 11 to those whose numbers end in 88-99

Source: http://www.wkyc.com/news/news_article.aspx?storyid=85299



Well, the big question now becomes: What will you do with yours? Spend? Pay off debt, or save? (And yes, I know this money is most like borrowed, will run up deficits, and will most likely be funneled to foreign countries, most likley China and Japan). Me, I probably plan to split mine among all three options, being that it's money I never counted on having in the first place. $200 will probably go to savings, $200 to finish off a small credit card debt, and $200 to defer the high cost of to airline purchases I'll be making for the summer. (Or a Wii-- it depends on things).



How about you?