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Taxpayers will begin receiving the first rebate payments , depending on the last two digits of their Social Security numbers.

When Rebates Will Arrive

If you filed a tax return by April 15 and had your tax return deposited directly into your bank account, then your rebate will also come in that form.

Those are scheduled to start Monday, April 28. The date the rebates will arrive depends on the last two digits of the primary filer's Social Security number.

http://www.irs.gov/irs/article/0,,id=180250,00.html

The first cycle of paper checks will be mailed starting May 9 and continuing through May 16.

If you filed a tax return after April 15, you'll likely receive the stimulus payment about two weeks later than the schedule shows.

What is it?

It's an economic stimulus payment that more than 130 million households will receive. It's not taxable, and it won't reduce your 2007 or 2008 refund or increase the amount you owe when you file your 2008 return.

Are you eligible?

The vast majority of people who file a 2007 income tax return qualify, and many who don't regularly file a tax return may qualify as well.

You're eligible if you have a valid Social Security Number (SSN), can't be claimed as a dependent on a tax return and have either an income tax liability or "qualifying income" of at least $3,000.

Qualifying income includes any combination of earned income and certain benefits from Social Security, Veterans Affairs, or Railroad Retirement.

Both people listed on a "married filing jointly" return must have valid SSNs to qualify for the payment, if only one has a valid SSN, neither can receive the payment.

How do you get it?

Just file a federal tax return for 2007, even if you normally don't have to because your income usually doesn't meet the filing threshold. You can't get it if you don't file.

How much will you get?

The actual amount depends on the information contained on your tax return.

Eligible individuals will receive between $300 and $600.

The payments phase out at certain income levels, so those with higher incomes may receive a reduced payment or even no payment

Flerd, I hope you are wrong. Let's pray that it will do just exactly what the prez hopes it will.

I'm using my rebate to fill my car's gas tank.

Just got my rebate direct deposit this past Thursday...   PIZZA PARTY !!!!

Mine ends in 10, but wifes ends in 44, still waiting, but plan to buy an electric trolling motor from Dick's Sporting good when it ever gets here.