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Where’s My Economic Stimulus Rebate????
By JLP | May 13, 2008
According to the IRS’s payment schedule for the rebate checks, we should have received our payment last week. It never came. So, today I did a little research and I think I found out why:
Q. I filed my return on time, but I haven’t received my stimulus payment, even though the payment date listed for my Social Security number has passed. Why?
A. In general, the payment schedule only applies if your return was received and the IRS finished processing your return before April 15. If you filed your return on time, but close to the April 15 deadline, the IRS may not have finished processing it before April 15.
Processing times for tax returns and stimulus payments vary. If you are getting a regular income-tax refund, the IRS will send you that refund first. Normally, your stimulus payment will follow one to two weeks later.
If you are not expecting a regular tax refund, your stimulus payment should arrive a minimum of six weeks after you file.
I took my time filing my taxes this year because I knew we were going to owe. So, I didn’t file until something like April 12th or 13th. I guess that’s why we haven’t received our rebate. I’m glad they are coming this year because I don’t think we would qualify next year, which is a good thing because it means our income is increasing but a bad thing because it means we HAVE TO PAY MORE TAXES!
Topics: Taxes |
