Tax Rebates to Arrive Sooner Than Planned

According to the IRS, after implementing a special software program that updates records faster, they will start distributing tax rebates via direct deposit on Monday April 28th - five days earlier than expected. They didn’t say that if it is only the rebates that were supposed to be sent on May 2nd will be sent early, or if is shifts the whole Rebate Payout Schedule up a week.

Rebates to taxpayers slated to get paper checks will start to go out on May 9 - one week earlier than originally planned. Again, I am not sure if this is just those rebates from May 16th that will go out early, or if everything will be a week earlier than planned.

The IRS has not updated its Rebate Payout Schedule on their site to reflect this news, so don’t get too excited yet. I just thought I would relay this info so that for you guys getting the rebate via direct deposit, you may see a large deposit sooner than expected. So keep an eye out for it.

Leave it to the government to make last minute changes and not fully explain how it is going to work!

2008 Tax Rebate - Check Amount in TurboTax

TurboTax.com has updated their online tax software to include information on the 2008 Tax Rebate. I had submitted my taxes in February, but when I heard about this, I logged back into my account to see if I could find it. Basically when I went to the first page of the “Federal Taxes” section, I saw this screen:

Then once you get to the “Federal Review” section (just skip to it if you have already filed) you see the following screen:

So it shows here that I will be receiving $1200. This is because my wife and I have filed jointly this year. If you are unclear on what you might be getting back, this is a great resource since your 2008 taxes are what will determine your rebate amount.

And don’t forget that the easiest way to get that rebate is to use direct deposit on your 2008 tax return. Make sure to file by April 15th, otherwise your rebate will be delayed. Be sure to check out the 2008 Tax Rebate Payout Schedule to see when your rebate will arrive.

2008 Tax Rebate Stimulus Reminder

Update: See my latest posts on the Tax Rebate Payout Details in the 2008 Tax Rebate Category!

Don’t forget, if you want to see that 2008 Tax Rebate Payout in May, be sure to file those taxes by Tuesday next week! Make sure to use direct deposit when filing so that you will receive the tax rebate in May.

Check out the 2008 Tax Rebate Stimulus Payout Schedule for more details.