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Monday, April 28, 2008

Rebate Checks Go Out Early

From Realtor Magazine Online, Daily Real Estate News April 28, 2008

Incentive tax rebates will start going out to Americans today, a week earlier than expected, President Bush announced Friday afternoon.

Direct deposit payments will go out first, while paper checks will be mailed beginning May 9.

The rebates — up to $600 for an individual, $1,200 for a couple, and an additional $300 for each dependent child — are the centerpiece of the government's $168 billion stimulus package, enacted in February. Roughly 130 million households are expected to get them.

Source: The Associated Press (04/28/08)

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