April 25, 2008
Washington, DC

The Treasury Department says tax rebates will go out starting Monday, April 28.

2.4 million tax filers will be sent the rebates Monday, Tuesday and Wednesday. There won't be any payments Thursday, and 5 million more taxpayers will get payments on Friday, May 2.

The rebates are going out earlier than expected because of an updated
computer program.

The Treasury Department plans to hand out $110 billion by July.

The payments are the center of the economic stimulus program approved in February. The idea is to get people to spend the money and help the slow economy.

You have to file a 2007 federal income tax return in order to get a rebate.

Those with direct deposit will get their payments first.

Single tax payers will get up to $600, couples $1200, plus $300 rebate per child for parents.

Rebates to those who will be getting a paper check will start May 9th.

The order is based on the last two digits of your social security number.