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Apr-27-2008

What will you do with your economic stimulus check?

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President Bush says the rebates of up to $600 a person and $300 per child will help stimulate the economy by the start of the third economic quarter in July. (More...)
The IRS will start mailing checks on May 9, the president said. (More...)
"Starting Monday, the effects of the stimulus will begin to reach millions of households across our country," Bush said Friday in remarks on the South Lawn of the White House. (More...)
The checks were for about half the amount, and instead of the anticipated 130 million that are going out in the next few months, the IRS sent only 112 million payments in 2001, said Illinois IRS spokeswoman Sue Hales. (More...)
The current average for a gallon of regular gas in Santa Rosa is $3.85, according to AAA. A $600 check would pay for about 13 tanks of gas, assuming the vehicle held 12 gallons. (More...)
The National Retail Federation is on the alert, of course, predicting Americans will spend about $43 billion of the rebate, while socking away the rest, or paying off debt and medical bills. (More...)
MOBILE, Ala. - One attempt to get the economy back on track is the economic stimulus plan. (More...)
Increasing Americans' savings is a worthy goal, but it doesn't do anything for job creation. (More...)
"I wouldn't just splurge." (More...)
Commissioners also will vote on a resolution amending the fiscal year budget of the Shelby County Drug Court in the amount of $191,500 to account for increased revenue and expenditures until federal earmark appropriations are available. (More...)
If the last two digits of your number are between 00 and 09, your rebate check should be in the mail by May 16. (More...)
Today's Home & Leisure in Mechanicsburg sells grills, home theater systems and other home items. (More...)
"I'm looking forward to it," said Brenda Liffengren. (More...)
Money in the bank? Virginia Beach has an ad campaign aimed at taxpayers who are expecting a rebate from Uncle Sam. (More...)
If you normally don't pay taxes, but believe you qualify for the rebate, you can call 800-TAX-FORMS and ask for the package 1040A3. (More...)
To view the Eyewitness News Talking Point on how companies are competing for your stimulus money, click the play button above or the related video link. (More...)

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President Bush says the rebates of up to $600 a person and $300 per child will help stimulate the economy by the start of the third economic quarter in July. "We want to make sure everyone who's eligible for a check gets one on a timely basis," he said. "This money is going to help Americans offset the high prices we're seeing at the gas pump and at the grocery store, and it will also give our economy a boost to help us pull out of this economic slowdown," he said. President Bush and both political parties in Congress agreed on this temporary economic stimulus plan of tax rebates and business incentives as the U.S. economy has lost nearly 250,000 jobs so far this year. [1] The rebates are part of a $162 billion plan that President Bush and congressional lawmakers hope will give a firm kick to the listless U.S. economy. Nearly 7.7 million people should notice the rebates arriving in their bank accounts via direct deposit next week. For those Americans still relying on checks for their refunds, the government will begin mailing them May 9. "This money is going to help Americans offset the high prices we're seeing at the gas pump and at the grocery store," Bush said yesterday. "And it will also give our economy a boost to help us pull out of this economic slowdown."[2] "Your rebate is on the way," Bush said in remarks on the South Lawn of the White House before departing for an anti-malaria event and GOP fundraiser in Connecticut. "This money is going to help Americans offset the high prices we're seeing at the gas pump and at the grocery store, and it will also give our economy a boost to help us pull out of this economic slowdown." Eligible taxpayers may receive up to $1,200 per couple and $300 per child under the stimulus package, and those who use direct deposit will start seeing rebate funds in their bank accounts as early as Monday.[3] Direct deposits will start going out on Monday, with the last of the checks going out by the end of June. "This money is going to help Americans offset the high prices we're seeing at the gas pump, at the grocery store, and will also give our economy a boost to help us pull out of this economic slowdown," Bush said Friday in brief remarks at the White House. Bush estimated that next week nearly 7.7 million Americans will receive their tax rebates by direct deposit.[4]

"We want to make sure everyone who's eligible for a check gets one on a timely basis. This money is going to help Americans offset the high prices we're seeing at the gas pump and at the grocery store, and it will also give our economy a boost to help us pull out of this economic slowdown," said Bush. Pelosi hinted that a second stimulus package could be on its way. "The strain of the economic downturn on middle- and low-income families demands, in my view, a consideration of a second stimulus package and we have begun some conversations with the Administration and the Republicans on that," she said. "Specifically, we are working on efforts to pass additional sweeping legislation to keep millions of families in their homes, provide relief to millions of out-of-work Americans, and reduce the strain on families who are struggling with rising gas and grocery prices," said Pelosi. She called the tax rebates an example of what Congress can accomplish when they work together in a bipartisan way. Make media inquiries or request an interview about this article. Send a Letter to the Editor about this article.[5]

If you are in financial trouble, use that money to try to bail yourself out." In his remarks Friday, Bush acknowledged that many Americans will spend their rebates on basics. "The money is going to help Americans offset the high prices we're seeing at the gas pump, the grocery store, and also give our economy a boost to help us pull out of this economic slowdown," he said. That emphasis on fuel and food prices differs sharply from other comments he has made since signing the economic stimulus legislation. Last month, the president said, "When the money reaches the American people, we expect they will use it to boost consumer spending."[6] Bush said paper checks would begin going out on May 9, a week earlier than previously announced. "The money is going to help Americans offset the high prices we're seeing at the gas pump, the grocery store, and also give our economy a boost to help us pull out of this economic slowdown," Bush said. Bush's emphasis on fuel and food prices differed from other comments he's made since signing the economic stimulus legislation, intended to aid the economy by boosting overall consumer spending _ which accounts for roughly two-thirds of the nation's economic activity.[7]

Bush spoke as a measure of consumer confidence hit a 26-year low. "It's obvious our economy is in a slowdown," Bush said in urging taxpayers to contact the federal government about their eligibility for rebates amounting to as much as $600 per adult and $300 per child, depending on their income. "The money's going to help Americans offset the high prices we're seeing at the gas pump and the grocery store and it will also give our economy a boost to help us pull out of this economic slowdown," he added.[8]

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. About 130 million households are expected to get them. People must file a tax return for their 2007 income to be eligible for a rebate. The IRS now says all checks for those who filed tax returns on time are scheduled to be deposited or mailed by July 11. Bush suggested people could use these one-time checks to pay for such necessities as food and gas, underscoring the deepening challenges facing the economy.[9] "Most Mississippians who filed federal tax returns will be eligible for the economic stimulus package," said Mark Green, spokesman for the Internal Revenue Service in Atlanta. That package will deliver up to $600 to individual taxpayers who qualify, and $1,200 to married couples filing jointly, plus another $300 per child for parents. Early in his first term, in 2001, President Bush pushed a similar rebate plan to cheer up a crabby economy. Likely, his administration would applaud Mason's plan to drop her windfall on florists and caterers this time, rather than on divorce attorneys.[10]

Overall, the Treasury will distribute more than $110 billion to 130 million taxpayers by July. The government hopes to stimulate the flagging economy by putting some extra cash in people's pockets - cash they can spend, add to their savings account, and use to help pay next month's mortgage. As long as they don't put it under their mattress, President Bush and Congress - who came together earlier this year to pass a so-called economic stimulus package - will be satisfied.[11] HARTFORD, Conn. President Bush announced Friday that the Internal Revenue Service would begin depositing rebates into taxpayer accounts Monday four days earlier than expected. Bush said the tax rebates, approved as part of a bipartisan $168 billion stimulus package earlier this year, will help consumers cope with the rising cost of living and lift the country out of what the president refers to as an "economic slowdown."[3] President Bush stepped out onto the South Lawn of the White House yesterday to announce that tax rebate checks, authorized by the economic stimulus package passed by Congress earlier this year, will be going out to taxpayers by Monday, two full weeks earlier than expected.[12]

The White House really wants to give the economy a shot in the arm. Those tax rebate checks will start going out on Monday -- a week earlier than previously announced. President Bush says he hopes this will help us cope with rising food and gasoline prices. Of course, the reason they're giving us this money is so we'll buy things. Financial experts, such as Greg McBride at bankrate.com thinks many people would be better off if they used the rebate another way. "You know, at the end of the day, you can make a pretty good argument that people will be better off financially if they take that rebate check and use it to pay down debt, boost their savings and put themselves in a better financial footing. "And economically we will benefit from having more consumers that are in a good financial position and able to spend in the years ahead as opposed to just going out and blowing that whole rebate check now and not making any headway in terms of overall financial progress from the debt and savings standpoint," he said.[13] President Bush says the first rebates will be directly deposited into people's bank accounts starting Monday, a week ahead of schedule. "During the first week, along nearly 7.7 million Americans will receive their tax rebates electronically," he said. President Bush says he hopes the rebate checks will offset the high prices Americans are paying at the pump and at the grocery store. Shoppers we talked to believe the rebate checks will help the economy, while others say they are not convinced the impact will be what the President is hoping for. "I know hard times are coming, they also know.[14] First Batch of Rebate Checks Sent by Direct Deposit Monday By Melanie Hunter-Omar CNSNews.com Senior Editor April 25, 2008 (CNSNews.com) - On Monday the Treasury Department will begin delivering the first of the tax rebates President Bush approved as an economic stimulus by direct deposit, followed on May 9th with the first mailed checks from the Internal Revenue Service. During the first week, 7.7 million Americans are expected to receive their tax rebates electronically, Bush said Friday.[5] "Beginning Monday, the effects of the stimulus will begin to reach households," President Bush said Friday. "This money is going to help Americans offset the high prices we're seeing at the gas pump and at the grocery store." The order in which tax filers will receive their rebates will be based on the last two digits of their Social Security numbers, when they filed their '07 tax forms and whether they opt for direct deposit.[11] WASHINGTON (AP) — President Bush acknowledged that the economy is weakening, but expressed hope that tax rebates that start going out on Monday should help shore things up. "This money is going to help Americans offset the high prices we're seeing at the gas pump, at the grocery store, and will also give our economy a boost to help us pull out of this economic slowdown," he said Friday in brief remarks at the White House.[15] WASHINGTON (AP) — President Bush said tax rebates will start going out Monday, earlier than previously announced, and should help Americans cope with rising gasoline and food prices, as well as aid a slumping economy. Democrats said they were glad the rebate checks were about to go out, but suggested that multinational oil companies were not among the businesses the stimulus package was originally designed to help.[16]

Next week, the first of 130 million Americans will be getting tax rebate checks designed to help jump-start a sputtering U.S. economy. Travel marketers, already skittish about the effects of lofty airfares and record gas prices, are out to convince them it's their patriotic duty to spend the cash up to $600 for individuals, $1,200 for couples and $300 for a dependent child under 17 on a trip away from home.[17] Among the optimists is economist Stephen Morse, director of the Tourism Institute at the University of Tennessee. In a new report, Morse and co-author Warren Jahn argue that a variety of factors are countering this year's strong financial headwinds, from the "perfect timing" of tax rebate checks at the brink of the peak summer vacation period to surveys that showed consumers spent more than they had indicated they would when similar stimulus checks were issued in 2001. "People are tightening their belts, but they also realize this is a one-time rebate," says Morse, who says consumers may use the cash to offset higher gas prices on driving vacations. "They may spend some of it on home repairs or on paying down debt, but they still feel they deserve to get away." That strikes a chord with Alex Brown. Though the Sacramento-area tech support worker "rationalized for about five minutes" about whether the money should be spent elsewhere, she decided to spend her $600 rebate on her upcoming honeymoon in Monterey.[17] • Some people with no tax liability will get economic stimulus checks. This includes some Social Security beneficiaries, recipients of certain veterans payments, those receiving railroad retirement benefits, low-income workers with earned income and/or benefits of at least $3,000, and individuals with a combined income of at least $3,000 from any combination of these sources. • For seniors and others who don't normally file a tax return, it is not too late to file for your economic stimulus payment this year. That group must file a 2007 tax return by Oct. 15, the Internal Revenue Service says.[18] There is also a payment of $300 for each qualifying child younger than 17. Those who received extensions to file won't receive their stimulus payments until after they file their returns, said Bill Brunson, IRS spokesman in Phoenix. Those not required to file a return because their income is too low or nontaxable must file a tax return to obtain an economic stimulus payment, he said. "There is a group of Arizonans who receive Social Security or Railroad Retirement Tier 1, or nontaxable veterans' benefits that normally don't have a filing requirement but need to in order to receive the stimulus payment," he said.[19]

"It'll help us get our finances caught up, and if there's anything left over, we'll put it in savings to help with the kids' tuition." Their 14-year-old daughter attends Burger Middle School, while their 11-year old son attends Thames Elementary. Both schools require out-of-district students to pay tuition. The majority of Americans will be eligible to receive an economic stimulus check if they filed a income tax return for 2007. According to the Internal Revenue Service Web site, taxpayers will receive a payment unless they can be claimed as dependents on someone else's return, are high-income individuals or do not have a valid Social Security number.[20]

MOBILE, Ala. -- As the old O'Jays song goes: "for the love of money," the IRS has just announced when the economic stimulus plan will become an action. IRS spokesman Dan Boone said, "Nationwide about 130 million people are expected to get checks as far as the stimulus payments, but we also know there's an unknown factor of people out there who normally don't file and many qualify for this." Here's how the payment schedule breaks down - taxpayers who choose to get their refund via direct deposit, can expect their money between May 2nd and the 16th. For those without direct deposit, checks will arrive between May 16th and July 11th. All these numbers are based on tax returns that will be processed by April 15th, 2008.[21] Paper checks will begin arriving in the mail May 9 instead of May 16. For taxpayers who were required to file an income tax return, the IRS is using their 2007 tax returns to determine eligibility for economic stimulus payments of up to $600 ($1,200 for married couples).[19]

"For a middle-class family of four, that is $1,800, including $300 for each child. If they have more children, then of course, their check would be more," House Speaker Nancy Pelosi said in a press conference Friday. For those who have already filed an income tax return, the rebate is on the way, Bush said, and even those who don't owe income taxes may still be eligible for a check, but they need to file a form with the IRS. It's not too late to do so, the president said. People can go to the IRS website or contact their local IRS office.[5]

Los Angeles, California. Several major retailers said they have not tailored their advertising specifically to the release of the rebate checks -- $300 for low-income people and recipients of Social Security; up to $600 for a single person; and $1,200 for a married couple, who would get an additional $300 for each child under 17. Richard Bivone, president of the Nassau Council of Chambers of Commerce, said he knew of no local businesses marketing to consumers around tax rebates, and that the consensus among people he spoke to is that consumers will use their checks to pay bills. A February survey by the National Retail Federation revealed that 28.4 percent of consumers said they would use the rebates to pay debt; 18.7 percent said they would save it; and 40.6 said they would use it to purchase something.[22] Some taxpayers with children will receive an additional $300 per child. When people receive the money depends on the last two digits of their Social Security number. Those with Social Security numbers ending in 00 through 20, and who selected direct deposit, will begin getting payments Monday. Had Bill and Jessica Kruljac waited a few weeks, they could have used the rebate money to pay for a gas barbecue they bought at a Santa Rosa Sears store. The Petaluma couple, who have two children, said they'll save that payment -- which they estimate will be $1,800 -- for a down payment on a home.[23] The couple paid about $675 for a truckload of firewood three years ago. Now they need more, so the rebate will be handy. She expects that many families will use the money to buy groceries, fill up the gas tank or pay bills. "I can't see anybody not being happy to get $300 in the mail," she said. Michael Lary didn't even think he'd get a check. Curious, he went online to www.irs.gov and ran his numbers through the Economic Stimulus Payment Calculator. He discovered he'll be getting a $300 rebate.[18] Office supply chain Staples has announced an online Economic Stimulus Center targeting small business owners. It's offering cash savings on big purchases as well as free advice on how small businesses can lower their tax bills. We'll have to see how successful those promotions are. Less than half of consumers are expected to actually spend the extra cash in stores and when Action News asked people what they plan to do with their rebate checks, most have told us they plan to use them to pay bills or put the money in savings.[24] Coming to about $168 billion, the refund bonus is meant to slip more money into the hands of consumers, and therefore, into the pockets of business owners. "The administration hopes that people use it to stimulate the economy, and not to stimulate their savings," said William Gunther, University of Southern Mississippi economics professor and director of USM's Bureau of Business and Economic Research. "But with the great uncertainty about the economy right now, this might lead to relatively more savings," Gunther said. An Associated Press-Ipsos poll of taxpayers found that only 19 percent plan to spend their rebate checks. Among them is Marshall Davis, 58, of Hattiesburg, who's focusing on a new camera. "That will cost a couple, three hundred," said Davis, a retired military veteran.[10]

Hoping to prop up a faltering economy, the federal government is sending out a total of $105.7 billion in rebates, part of a larger $168 billion stimulus package enacted in February. Local business owners are optimistic that the influx of rebate money could send people into Inland stores and restaurants to spend some of their cash. They agree with economic experts who say nervous consumers won't be going on a rabid spending spree.[25] "The rebate check is going in the bank," said Jessica Kruljac. Many companies have been advertising heavily to try and woo consumers into spending their rebate money on goods or services. That includes Sears, which will tack on an additional 10 percent benefit for those who trade in their stimulus checks for a gift card. "They (companies) know people have some cash coming from the government, and they'll do what they can to say, 'We have an option for you,'" said Ricardo Villarreal, an associate professor of marketing at Sonoma State University. It may be a hard sell, as the Kruljac's story illustrates. Surveys show that many Americans plan to spend the money on basic necessities such as bills, gas or food, or pocket the money for later. "I'm not certain it's going to do what the government hopes it will do," Villarreal said.[23] Bush suggested the rebates could trigger a spending spree. "When the money reaches the American people, we expect they will use it to boost consumer spending," he said last month. By saying expressly that people could use these one-time checks to pay for such necessities as food and gas, Bush underscored the deepening challenges facing the economy. As he had earlier last week, Bush used the word "slowdown" to describe the state of the economy. He has denied that the nation is in a recession, although many economists say it is. "It's obvious our economy is in a slowdown.[26] "Starting Monday, the effects of the stimulus will begin to reach millions of households across our country," Bush said in Washington. If the 130 million Americans who receive the checks use them for spending sprees, the stimulus plan would give at least a temporary boost to the economy. After two years of soaring gas prices, falling home values and rising jobless rates, many consumers in Palm Beach County and the Treasure Coast say they're not in the mood to shop.[6] House Speaker Nancy Pelosi, D-Calif., said that Bush's remarks underscore the need for a second stimulus package, which the administration and GOP lawmakers have so far resisted. "It's galling to think that taxpayers' stimulus checks will be lining the pockets of OPEC," said Sen. Charles Schumer, D-N.Y., referring to record oil prices. "The sad truth is that the average American family will spend almost their entire stimulus check on higher gas prices this year." Under pressure from a collapsing credit and housing market, Bush has repeatedly urged caution in considering more federal intervention, in part because he said the stimulus checks could provide the boost the economy needs. As he has for months, Bush declined to refer to the current economic downturn as a "recession," preferring "slowdown" instead.[3] Democrats were quick to pick up on the change of focus. "It's galling to think that taxpayers' stimulus checks will be lining the pockets of OPEC. The sad truth is that the average American family will spend almost their entire stimulus check on higher gas prices this year," said Sen. Charles Schumer, D-N.Y., chairman of the Joint Economic Committee of Congress.[7]

Alexander Says Tax Checks "Good For Family Budgets" posted April 25, 2008 Sen. Lamar Alexander (R-Tn.), chairman of the Senate Republican Conference, today released the following statement on the announcement that distribution of tax refunds passed by Congress as part of the Economic Stimulus Act of 2008 would begin earlier than expected. 'Next week, the first of 130 million households will begin receiving their tax rebates as a result of the bipartisan economic growth package passed by Congress earlier this year. "With food prices soaring and fuel costs at an all-time high, the family budget is being squeezed, and this tax relief is arriving at the right time.[27] Under the government's economic stimulus plan, 130 million people will receive tax rebate checks for $300 and up, starting Monday.[11] Starting Monday, the economic stimulus rebates will be directly deposited into millions of Americans bank accounts. During the first week alone nearly 7.7 million Americans will receive their tax rebates electronically. For those who opted for their rebate check in the mail, the I.R.S. will begin sending those out on May 9th.[28]

"Which is something, because the last time we got a rebate, in 2001, I believe I used it to pay for a divorce." Whatever Mason spends it on, she and an estimated 1.2 million other Mississippi taxpayers will get their hands on the money earlier than previously announced: The U.S. Treasury will begin delivering the economic stimulus rebates on Monday. The first will go out to those who chose to receive their 2007 tax refunds by direct deposit.[10] Distribution of economic stimulus rebates will begin Monday for taxpayers who requested direct deposit on their income tax returns.[20]

Tonya Dicus of Royal Palm Beach plans to pay bills, too. That's not exactly the sort of economic stimulus President Bush had in mind when he pushed for the tax rebates as part of a $168 billion plan to boost the nation's struggling economy.[6] President Bush announced Friday that the government will start releasing checks from the economic stimulus package almost a week early. That's good news for many hopeful Suncoast residents who can't wait to get their hands on that green. Alaida Lares has worked for the IRS for 32 years, and even she didn't know about the plan to release the rebate checks.[29] Every $1 spent on extended benefits would boost the economy by more than $1.50, according to Moody's Economy.com. That's one reason lawmakers have approved such extensions seven times in the last 50 years -- they're not just humane, they help revive commerce. Senate Republicans, backed by President Bush, blocked an effort to add a 13- to 26-week extension to this year's stimulus package. Now, lawmakers from both parties are trying again to extend those benefits, at a cost of about $12.7 billion over two years. It's good policy that should be implemented now, without waiting for more economists to declare that we’re in a recession. The unemployment insurance program is a joint effort by federal and state governments to replace part of the pay workers lose when they're laid off.[30]

President Bush said he hopes you'll spend your rebate check to help pump more money into the sluggish economy. "This money's going to help off-set the high prices we're seeing at the gas pump, the grocery store and it will also give our economy a boost to help us pull out of the economic slow down." said President Bush.[31] Mr. Bush said that the checks would help Americans struggling with higher food and fuel prices to make ends meet. "The money is going to help Americans offset the high prices we're seeing at the gas pump, the grocery store, and also give our economy a boost to help us pull out of this economic slowdown," he said.[12] "Starting Monday, the effects of the stimulus will begin to reach millions of households across our country," Mr Bush said. He said it was "obvious" the U.S. economy was in slowdown, but luckily the government "recognised the signs early and took action". "The money is going to help Americans offset the high prices we're seeing at the gas pump, the grocery store, and also give our economy a boost to help us pull out of this economic slowdown," he added.[32] Roughly 130 million households are expected to receive them, and lawmakers are hoping the money will give a boost to the weakening economy. "This money is going to help Americans offset the high prices we're seeing at the gas pump, at the grocery store, and will also give our economy a boost to help us pull out of this economic slowdown," said Bush in brief remarks from the White House.[33] At a White House press conference Friday, the president noted the struggle many are having just paying the bills. "The money is going to help Americans offset the high prices we're seeing at the gas pump, the grocery store, and also give our economy a boost to help us pull out of this economic slowdown," Bush said.[23]

Uncle Sam is rolling out tax rebates sooner than expected in an effort to help Americans cope with rising gas and food prices. Millions of people will begin seeing the payments in their bank accounts starting Monday, President Bush said Friday.[34] The check seems to be coming at a time when it may only help supplement the higher cost of living. In fact shortly after President Bush announced the rebates will start going out Monday, he added that the payments should help people cope with rising gas and food prices.[35]

President bush announced the stimulus packages will be sent out as early as Monday for people with direct deposit. how are people planning on spending it? But for many people, rising gas prices may end up taking a chunk out of that stimulus check.[35] President Bush announced Friday that the Internal Revenue Service will begin making the direct deposits of the stimulus payments Monday. Those eligible will receive up to $600 for an individual, $1,200 for a couple and $300 for a child.[36]

Deciding what to do with what amounts to free money from the federal government sounds like a good problem to have. Many people will struggle with whether to blow the dough, save it or pay for necessities such as gasoline or food. They'll have to make that decision sooner than they think, after President Bush announced that the rebates will start landing in direct deposit accounts Monday, a week ahead of schedule.[23] If you opted for direct deposit when you filed your taxes, you could be seeing that money in your bank account as soon as Monday. It remains to be seen how many people will put their money back into the economy. The latest USA Today Gallup poll found just one in five people are likely to use part or all of their rebate check for a summer vacation. 64% said they were "not at all likely" to spend it for travel.[37] The idea of the checks was based on a hope that people will spend the money, helping to bolster the economy. Americans with 'direct deposit' will start getting their tax rebates on Monday -- four days sooner than expected.[35]

"I'm just going to put it in the bank," said Kist, a public health nurse at the Palm Beach County Health Department. She doubts the checks will do much to stimulate the economy. "It's not that large an amount of money," she said. Lunching at the fountain outside the West Palm Beach Public Library, Valerie Rhaburn, 39, said Friday she will put her payment in the bank, though she'll also spend some of it as Bush hopes - to pay for a baby shower she's giving. John Batista, 71, who bags groceries at a Publix in Stuart, said he will use his check to pay off credit cards. The theory behind the economic stimulus is simple: Millions of Americans will get their checks, then go on a mass shopping spree.[6] The federal government's economic stimulus checks will start landing in mailboxes soon, and local retailers hope they can help customers stretch the value of those checks a little further. Some national chains have announced plans to help Americans spend their windfalls. Sears will offer a 10 percent bonus to anyone who converts their check into a Sears or Kmart gift card. Home Depot is running ads encouraging consumers to spend their money at the home improvement chain.[38] The economic stimulus checks were set to be deposited starting May 9, but the government moved the date up a week, and starting Monday, Americans will begin to see some extra green in their bank accounts. Lubbockites we talked to already have plans on how they're going to spend the additional cash.[39]

Paper checks will be put in the mail starting May 16. People who file a return after April 15 will receive their economic stimulus payment, but probably about two weeks later than the schedule shows. A return must be filed by October 15 in order to receive a stimulus payment this year.[4] If you meet the criteria, you are still eligible for a stimulus payment. The quicker you file, the quicker you'll get your payment," he said. (Keep in mind that the IRS often uses the terms "economic stimulus payment" or "stimulus payment" instead of "rebates.") As long as you file by Oct. 15, you'll receive a rebate this year, he said.[40]

A: You've raised a few points. Form 1040A: Special rebate rules apply to people who don't ordinarily have to file a federal income-tax return because their income is so low. If you're in this category, you may be eligible for a rebate if you had at least $3,000 last year in "qualifying income" (such as Social Security, veterans or railroad retirement benefits) and you file a return this year, said Bob D. Scharin, senior tax analyst for the Tax & Accounting business of Thomson Reuters. The IRS prefers that people in this category use U.S. Form 1040A. Enter the amount of your Social Security or other benefits on Line 14a.[40] Unlike in years past, people who normally don't file tax returns are still eligible to receive money back; that includes individuals collecting income from social security and veterans' benefits. "If you have any of these four types of income of any combination of the four types, and it totals at least $3,000 - you should fill out a return this year," said Boone.[21]

A. To receive a payment, taxpayers must have a valid Social Security number, make at least $3,000 in income and file a 2007 federal tax return.[6] Overall, 130 million taxpayers should receive a slice of the $110 billion payout by July with the first $50 billion out by the end of May. The order in which tax filers will receive their payments will be based on the last two digits of their Social Security numbers.[20]

Between now and mid-July, more than 130 million Americans will get a tax rebate of $300 to $1,200, or even more depending on their finances and family size. Some taxpayers -- including those who have an outstanding problem with their 2007 return -- will get their payment later in the year.[18]

"If it comes before the end of May, I'm going to be taking a trip to Chicago," said Lary, who is the event coordinator for the City of Ferndale. Lary has a rough budget for his road trip. He expects to spend less than $100 to drive to Chicago and back in his Pontiac Vibe. He'll visit and stay with a friend. He thinks he's going to spend the rest of the money on food during the weekend trip. Lary's not behind on his rent or utilities. He says a small check won't help somebody facing a kitchen table full of bills. "A $300 rebate is not going to allow somebody to catch up on several car payments that they might be behind on," Lary said. He knows that some local retailers could use a boost, too. Earlier this month, Ferndale's downtown shopping area had 12 storefronts available for rent. Last year at this time, he said, only two were available for rent. His bet is that most people will spend their checks.[18] Altogether, the Treasury plans to distribute about $107 billion in rebates to more than 130 million people. The idea is to put money into people's hands quickly so they can spend it and help stimulate the nation's faltering economy.[40] The federal government hopes those checks will boost consumer spending. "By the end of the summer, 130 million American families will receive their rebates to help them make ends meet and boost our economy," House Speaker Nancy Pelosi said.[41] Paper rebate checks for others will start being sent on May 9, a week ahead of schedule, the administration said. The speedier timeframe gave Bush a chance to focus attention on a stimulus package that he has cast as a virtual lifeline for the economy, insisting repeatedly in recent months that the expenditures will result in a surge of consumer spending to kick-start the economy.[3] "The strain of the economic downturn on middle- and low-income families demands, in my view, consideration of a second stimulus package," House of Representatives Speaker Nancy Pelosi told reporters in Washington. Pelosi, a California Democrat, declined to say whether she was making any progress in talks with the Bush administration on additional legislation. She has suggested new spending on infrastructure projects, increased food stamps and expanded unemployment benefits -- measures that were left out of the $152 billion stimulus package swiftly passed in February. U.S. Treasury Secretary Henry Paulson told Reuters on Thursday he was willing to listen to Pelosi's ideas to further aid the economy in connection with arranging a vote on the Bush administration's proposed Colombia free-trade agreement.[8]

The rebates range from $300 to $1,200 and are the centerpiece of the government's $168 billion stimulus package, enacted in February, to brace the teetering economy. Roughly 130 million households are expected to get them.[15] 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. The second monthly Cooper Young Night Out event will be held this week, following the kick-off last month of the new neighborhood-wide festivities in which restaurants and retailers stay open late, encouraging an evening of fun and entertainment. A variety of musical acts have been slated for this week's event, which will be held Thursday, including local duo Hank and Nora, who will be performing in the gazebo at the corner of Cooper Street and Young Avenue from 6 p.m. to 9 p.m. Susan Marshall will sing on the patio at Central BBQ at 2249 Central Ave., and other acts will be performing at spots including Young Avenue Deli, Lux and Goner Records.[26] The rebates range from $300 to $1,200 all a part of the government's 168 billion-dollar economic stimulus package. Roughly 130 million households are expected to get them.[35]

The president said tax rebates from the stimulus package of between $300 and $1,200 will begin hitting bank accounts Monday.[33] The rebates, which will range from $300 for individuals to $1,200 for couples, are the centerpiece of the government's $168 billion stimulus package, enacted in February.[33]

"We're trying to tie that with the stimulus package and financing deals," Tomb said. "It helps people get more for the money." Some store visitors have already said they plan on buying a television with their checks, which are expected to be about $1,200 per couple, Tomb said.[38] A recent survey of 8,000 consumers, conducted for the National Retail Federation, found that just over 40 percent of rebate money will likely be spent by consumers, with most of the rest going toward debt reduction. House Speaker Nancy Pelosi, D-Calif., agreed that people "need this rebate to cope with the rising cost of gas and groceries." She said that, while the rebates would help to get the economy moving, there was a need for a second stimulus package "and we have begun some conversation with the administration and Republicans." The Associated Press contributed to this report.[25] Democrats in Congress seized on the president's mention of higher food and fuel prices to push for a second stimulus package, and to score political points on the Administration's handling of higher gas prices. Sen. Charles Schumer (D-NY), chairman of the Democratic Senatorial Campaign Committee, said, "It's galling to think that taxpayers' stimulus checks will be lining the pockets of OPEC." House Speaker Nancy Pelosi (D-CA) agreed, saying, " need this rebate to cope with the rising cost of gas and groceries." However, both the president and Democrats are wrong.[12] The Ohio Democrat said a "rebate check is not a long-term solution for economic problems facing middle-class families across the country. It does not even cover the increased gas costs for a typical couple compared with a year ago, to say nothing of the cost of food or other necessities." The stimulus package also includes tax incentives to encourage companies to expand this year.[2]

The checks are part of President Bush's $168 billion economic stimulus package passed in February.[37] The rebate checks are part of a $168 billion economic stimulus plan that Bush signed into law more than two months ago.[42] The rebates are the single most important feature of the economic stimulus plan, but businesses will also benefit from $50bn in tax cuts.[32] The U.S. government plans to give rebates to consumers totalling more than $100bn ('50bn), as part of a wider economic stimulus plan, imminently.[32]

The couple has three children: Adam, 15, a sophomore at Northville High School; Madeleine, 13, an eighth-grader at Hillside Middle School, and Jacob, 10, a fifth-grader at Amerman Elementary. The Smiths initially weren't certain how much money they would get, but they expected at least $1,200. After using the calculator at www.irs.gov ]] www.irs.gov, though, Teresa and Steve were surprised to calculate their rebate at $2,100. They are likely to get their economic stimulus payment by May 9.[18]

You will receive a paper check. • How does this rebate influence your 2008 federal tax return? Luis D. Garcia, an Internal Revenue Service spokesman in Detroit, said the stimulus payment is not going to be taxable later on and isn't just an advance of a 2008 refund. • When a taxpayer calculates the credit on his or her 2008 return, if the credit is less than the amount of the rebate check, the taxpayer gets to keep the full amount of the rebate check, said Mark Luscombe, an analyst for CCH in Riverwoods, Ill.[18] If you didn't file (the deadline was April 15), you can file for the rebate next year. Direct deposit : The first taxpayers to receive rebates will be those who chose to receive their 2007 tax refunds by direct deposit. All others should begin receiving paper checks one to two weeks later.[10] The rebate plan itself isn't exactly simple. Some people don't know how much money they'll get -- or when they'll get it. If the last two digits of your Social Security number end in 00-20 and you've got direct deposit for your tax refund, you'll be among the first this week to get money.[18] " I'm going to pay my bills with it, and gas because gas is so expensive, I need some extra money." People who filed their taxes early and signed up for direct deposit will get their money first. Other checks will be sent out based on the last two digits at your social security number.[43]

According to the IRS, the payment schedule is based on the last two digits of your Social Security number, and whether you opted for a paper check, or a direct deposit.[31]

Some low-income workers, Social Security beneficiaries and others are not required to file a return but are still eligible to receive stimulus checks. To receive their payment, they must file a 1040A federal tax form by Oct. 15 and write "Stimulus Payment" at the top, or use a special electronic form located on irs.gov.[11] Tax filers who do not owe income taxes, but have at least $3,000 in income - which can include Social Security and disability payments - will get $300 rebates per person or $600 per couple.[11] People who owe no income tax but earned at least $3,000 in income from Social Security and veterans disability will get $300.[34]

You're eligible if you have a valid Social Security number, 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.[18]

Couples who make less than $150,000 will receive 12 hundred dollars, an additional $300 rebate per child will go out to parents. Those who filed their tax returns electronically will be the first to receive the checks.[39] Checks are being distributed only to people who file 2007 tax returns. Those who opted for direct deposit will likely get rebates sooner than those who chose the mail route.[44] People not otherwise required to file an income tax return must file a simple Form 1040A with basic information. This information includes their name; address; dependents, if any; amount of their qualifying income (which must be $3,000 or more); direct deposit information, and their signatures.[18]

Q. Who's getting a rebate? Roughly 130 million households are expected to get the one-time payments. People must file a tax return for their 2007 income to be eligible.[34] Adjusted gross income : As defined by the Bureau of Economic Analysis, is the taxable income before exemptions and the standard, or itemized, deductions reported on federal income tax returns. Eligibility : Some 20 million Americans aren't required to file a return because their income is too low, but they must have filed to receive a rebate.[10]

Benny is the guy who sells the firewood. The retirees are not required to file a federal tax return because their income is so low. This year, Janet and Fred Pattan heard they needed to file a return just to qualify for their rebate money. They sent in that return before April 15.[18]

For that same amount of money, a person could buy almost 188 grande lattes from Starbucks. The good news for retaliers is that a significant number of Americans in the past have spent money given to them as part of rebate programs, despite telling pollsters their desire not to. The National Retail Federation forecasts that consumers will spend about $43 billion, or 40 percent of their tax rebate. That would make the rebate the third-biggest retail event after Christmas and back-to-school spending.[23] Yulette Barnes, 36, says dutifully that she'll put half of her money into a savings account for her 4-year-old daughter, Kaitlyn Rose. She'll use the rest to buy her only girl a bike, shorts, sandals and other things for summer. Barnes, a legal assistant for Grant, Busch & Kirschner in Southfield, said her tax preparer told her that she'd get $700 for her tax rebate. She's not sure of the amount. She could qualify for more, maybe even $900. She'll likely get the money by the second week of May, maybe before Mother's Day. The more the energetic mom talks about what she'll do with the extra cash, the more she thinks about picking up something for herself, too. "A woman can always use a new pair of shoes for the summertime -- or at least three new pair," she said. Or there's that perfume.[18]

WASHINGTON (Reuters) - President George W. Bush said on Friday the U.S. economy is in a slowdown but tax rebates that will start hitting consumers' bank accounts next week should help.[8] April 25 (Bloomberg) -- President George W. Bush said the tax rebates Americans will start getting next week will boost the economy and help them pay their bills.[42]

U.S. President George Bush says tax rebates for more than 130 million American households should help stimulate an economy hurt by falling home prices and higher food and energy costs.[1] President Bush says the economic-stimulus tax rebates will begin going out Monday and will help people cope with lofty energy and food prices, as well as giving the economy a jolt.[4] President Bush says some relief is coming for Americans a little sooner than expected. President Bush says the U.S. Treasury moved faster than originally thought and that means many Americans will get those tax rebate checks sooner. "It's obvious our economy is in a slow down," President Bush said.[14] What is it: A measure passed by Congress and and signed by President Bush to ease the impact of the economic climate by sending most Americans tax rebate checks.[45]

President Bush was optimistic about the effect when he announced Friday that economic stimulus tax rebates would begin arriving next week, about a week ahead of schedule.[25] President Bush said economic stimulus checks will start going out next week, instead of next month. That's because the U.S. Treasury said things are running ahead of schedule.[31] To spend or not to spend. That's the question many Arizonans face beginning next week when they start receiving their economic stimulus checks.[19]

The first economic stimulus checks will start going out via direct deposit on Monday. That's five days earlier than originally expected.[24]

The first direct deposits of the federal tax rebates will begin hitting bank accounts on Monday, according to the Internal Revenue Service, and paper checks will be sent starting next month.[33] Are you awaiting your tax rebate check? Join the club. Originally, the IRS said they'd start mailing them May 2, but we now have an updated schedule of Monday April 28. If the IRS has your direct deposit information, your check will deposited earlier than those who are getting it by mail.[46]

Direct deposits will begin Monday. Checks: People who receive regular tax refunds by check are to receive their rebates by July.[47]

Almost 7.7 million Americans will receive rebates, ranging from $300 to $1,200, in the coming week via direct deposit.[25] By the summer, the Treasury Department will have sent rebates to 130 million U.S. households. Those eligible can expect to receive rebates up to $600 per person, $1,200 per couple, and $300 per child.[5] To qualify : Must have at least $3,000 in income to receive the minimum rebate of $300; the minimum rebate for a couple filing jointly is $600. An individual tax filer will receive a maximum rebate of $600; for a married couple filing jointly, it's $1,200.[10]

Individual taxpayers could receive rebate checks of at least $300 and up to $600.[23]

President Bush said Friday that the U.S. economy is in a "slowdown" and he encouraged taxpayers to take all necessary steps to receive rebate checks through the federal economic-stimulus plan that he signed into law earlier this year.[33] More than 130 million people who filed taxes for 2007 will receive rebate checks, which President Bush hopes will stimulate a weak economy.[10]

Bush has suggested the rebates could trigger a spending spree. By saying expressly that people could use these one-time checks to pay for such necessities as food and gas, Bush underscored the deepening challenges facing the economy.[48] People generally don't use government rebate checks for new spending, choosing instead to pay down debt or increase savings.[12]

For instance, if you use your entire stimulus check at Sears or Kmart, you'll get a gift card with 10-percent over the rebate total. Supervalu, parent of grocery chain Acme, will tack on an extra $30 of spending power, if you exchange your check for one of its stores gift cards.[24] Radio Shack customers will receive a 10 percent discount on purchases of $50 or more when a stimulus check is used. At Jewel-Osco, customers can turn their checks into gift cards of $300 increments plus an additional $30 per card. Spending the afternoon with her mother in Orland Park, 28-year-old Christina Rascon didn't have to think twice about how to budget her check.[45]

According to research firm NPD Group, restaurant visits rose by 2 percent for about six months during and after a similar federal stimulus program in 2001. Last year, Wilma Camacho-Burton saw steady foot traffic at Citrus Punch Designs, her women's clothing store in downtown Riverside after people received their annual tax refunds. She expects a similar response with the stimulus checks. Because of the economy, customers have lately been buying fewer accessories with their clothing purchases. "From what my customers are telling me, they're probably going to wait for just before Mother's Day to do their spending," she said.[25] The hope is that the 110 billion dollars in stimulus checks will initiate a spending spree among Americans, which in return will boost the economy.[39]

The Federal Government is sending out the economic stimulus checks early, to help offset the increasingly troubled economy.[28] The purpose of the economic stimulus checks is to increase the amount of consumer spending, counteracting the flagging consumer confidence of the past year in response to the stalled national housing and financial markets.[20] Paper checks will start going out May 9, a week earlier than previously announced. In a change from his previous remarks that the money could trigger a spending spree, Bush said he hoped the checks will help consumers cope with the rising cost of living and lift the country out of what he called an "economic slowdown."[34] Officials said that about $50 billion of rebates should be in taxpayer hands by the end of May, and more than $100 billion a month later. Congressional Democrats, while saying they welcomed the rebates that they also supported, said they were troubled by Bush's shift in emphasis toward using the money for staples rather than broader consumer spending.[3] The payments will be up to $600 for individual taxpayers, $1,200 for couples plus $300 per child. Congressional Democratic leaders say they will press Bush for more legislation to spark the slowing economy. They are weighing a plan to boost spending on highways and other infrastructure as well as other spending measures.[42] "The economy is too bad to be spending money," said Lewis, who last worked at Golightly Career and Technical Center in Detroit. Lewis watches her three grandsons four days a week after school. She calls the boys her Triple A's -- Alton, 8, and 5-year-old twins Alexander and Alston Andrews. "I just love the little guys," she said. "They're my life." The Lathrup Village grandmother says she might save the money for herself, donate some money to church or put something extra in savings for college for her grandsons. "I definitely won't be spending it," she said. Janet and Fred Pattan, who live about 30 miles outside Escanaba, plan to spend their $600 on firewood. "That'll put wood in our stove and that'll put money in Benny's pocket," said Janet (Maudie) Pattan, 64.[18]

We decided to talk to some Michigan families now -- and later. We're asking them how much money they think they'll get and how they think they'll spend it. Later this summer, we'll call these folks back and see what really happened. The rebate plan got rolling in Washington earlier this year as a way to rescue the U.S. economy from rough weather -- similar to the thinking in 2001, the last time the government handed out rebate checks.[18] Only three out of 10 consumers plan to spend the tax- rebates, according to the Reuters/University of Michigan report on consumer sentiment issued today. Most of those polled said they intend to use the money to pay down debt or boost savings, the report said. Consumers are growing increasingly anxious because the economy has lost almost a quarter-million jobs this year, the cost of refueling a car is up 17 percent and property values have fallen.[42]

How much the legislation's rebates and tax breaks will juice the gross domestic product, however, is anybody's guess. Jittery consumers may simply pocket the rebates or pay down debt when their checks arrive next month, rather than pumping money into the economy.[30] Experts believe that some Americans will just use the money to pay bills. "About half of them are going to pay off credit cards debts or other debts that they have and that's paying for past consumption," said Economics Professor Richard Crowe. Crowe says the economy will have a better chance to recover if Americans decide to spend their check on new products.[14]

". If they had given every homeowner $5,000, then you'd have given homeowners major dollars. Their debt and bill levels are so high. so when they get this money they're only going to get caught up some more." Consumers with direct-deposit bank accounts will get their rebates starting Monday. Otherwise, checks will be mailed in May, not a moment too soon for consumers struggling to keep pace with rising gas, food and energy prices.[22] Yulette Barnes, 36, of Detroit says she will likely spend her money from the tax rebate on her 4-year-old daughter, Kaitlyn Rose, and maybe some perfume and shoes for herself. She also plans to put half of the check into a savings account for her daughter.[18] More than 7 million Americans should see the tax rebates in their bank accounts in the coming week. Those who chose to receive their refunds through the mail should have their checks early next month.[1] The Treasury will send more than 7 million tax rebates electronically next week and on May 9 will begin mailing checks to U.S. households.[42]

Tax rebates as part of the Economic Stimulus Act should be in the mail very soon. Congresswoman Madeleine Bordallo (D) says she has received confirmation from the U.S. Department of Treasury that the funds for Guam to pay rebates will be transferred within the next few weeks and that they are currently working with the local Department of Revenue & Taxation to expedite the process.[49]

To help you estimate your rebate amount or determine whether you qualify, the IRS has provided an Economic Stimulus Payment Calculator at www.irs.gov/ app/espc.[10] To help determine how much money you'll get back from the economic stimulus plan, the IRS has set up a payment calculator.[21]

More people getting more money. as the song says - good things, good things. The IRS said it mailed about 500-thousand packages to Alabama social security and VA benefits recipients to help them understand the stimulus plan.[21]

To find out how much you're eligible for, try the online calculator at www.irs.gov/app/espc. Q. When will I get my check? Taxpayers who asked that their 2007 refunds be direct-deposited will get rebates deposited starting Monday. The order in which people receive rebates will be based on the last two digits of their Social Security numbers.[34] Be sure to sign your return before you mail it in. That's all you need to do, Scharin said; the IRS will process your rebate based on the information you provide on that form (such as your name, address, Social Security number, and amount of your qualifying income).[40] To qualify: You must have a total income of at least $3,000, have a valid Social Security number and not be a dependent on another'''s return.[47] 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 Social Security numbers to qualify.[18]

What if you didn't fill out the "direct deposit" section of your return? The Treasury will mail you a check, using a schedule that's also based on the last two digits of your Social Security number.[40] As for when you can expect your money that depends on your social security number and whether you use direct deposit.[31]

The Treasury Department said it hopes to get the first $50 billion out by the end of May. People who use direct deposit will get their payments soonest.[11] People who use direct deposit also will be among the first to receive the payments startingApril 28.[4] People who use direct deposit also will be among the first to receive the payments starting April 28.[44]

• If you elected to split your regular federal income tax refund between several accounts, you will not receive your stimulus payment by direct deposit.[18] • Stimulus payments will not be included with the direct deposit or paper check that you get for your regular tax refund.[18]

The government is trying to give you an economic stimulus boost sooner than expected. The Treasury Department will begin issuing direct deposit stimulus payments Monday, April 28, five days earlier than previously announced, the department reported on its Web site.[44]

Not eligible right now? If you become eligible next year, you can claim the economic stimulus payment next year on your 2008 tax return.[18] "Once the tax return is filed and processed, then the stimulus payment will follow." Mike Sullivan, director of education at Take Charge America, a Valley-based credit counseling organization, said taxpayers should follow his 85 percent, 10 percent, 5 percent formula when allocating their stimulus payments. "The big thing to do with the bulk of it is use 85 percent to pay off debt," he said.[19] A small percentage of tax returns will require additional time to process and to compute a stimulus payment amount. For these returns, stimulus payments may not be issued in accordance with the schedule above, even if the tax return was processed by April 15.[4]

When: Payments will start going out May 2 through the summer. Those who e-filed will see their payments the quickest. Tax returns processed by April 15 should receive their rebates by mid-July.[45]

Shares of apparel makers ended mostly higher Friday, as President Bush expressed hope that tax rebates which start going out on Monday will help shore up the economy.[50] The survey group also said the tax rebates are likely to have only a limited effect on the worsening economy. Bush's rebate remarks came before his visit to Connecticut, where he touted anti-malaria efforts at the original Boys and Girls Club chapter in Hartford, and then hosted a $750,000 GOP fundraiser at the South Kent estate of former Nixon administration aide Henry Kissinger.[3]

The coming tax rebates have yet to inspire much confidence in consumers. The University of Michigan reported Friday that its index of consumer sentiment decreased to 62.6 in April, from 69.5 the prior month. That marked a decline from its preliminary estimate of 63.2 issued on April 11. It's also the lowest reading for the index in over a quarter-century, and the report showed that expectations for the future are gloomier while inflation expectations are rising. Many investors on Wall Street have concluded the U.S. economy is already in recession as the national housing market posts its largest price declines on record since the Great Depression.[33]

Florida consumers who face foreclosure would be wise to use the tax rebates to make a mortgage payment, said Jessica Cecere, president of the Consumer Credit Counseling Service of Palm Beach County and the Treasure Coast.[6] Use the online calculator to figure out whether you will receive a tax rebate check.[21] Tax rebate checks will be distributed to most tax-paying Americans. The rebates serve as a one-time tax cut initially based on their 2007 incomes.[11]

I cant remember what the cutoff was, but it was very low of an income for someone to receive one of the rebate checks. If you earned in between $3000-75,000 youll get a rebate - unless someone else claimed you as a dependent on their taxes (theyll get $300).[51] Taxpayers who qualify for a payment also may receive an additional $300 for each dependent child under the age of 17. Stay-at-home mom Val Bayes plans to use her check to repair or replace the family computer, an expense that she believes is necessary. Her two children, ages 15 and 18, take care of most of their own expenses by baby-sitting or part-time jobs, but it takes some juggling to deal with rising food and gasoline costs. "I went to the grocery store the other day and green beans were over $2, so I didn't buy any," she said.[20] Michael Lary of Ferndale plans to use his $300 to help pay for a trip to Chicago, but he said, "A $300 rebate is not going to allow somebody to catch up on several car payments that they might be behind on."[18]

The IRS will send the rebates - up to $600 for an individual, $1,200 for a couple and an additional $300 for each dependent child - a week earlier than previously announced, Bush said Friday.[6] Eligibile individuals will get $600, couples will get $1200 and for each child, $300. President Bush hasn't said the country's in a recession, he simply uses the term "economic slowdown." whatever the term, Northlanders are feeling the pinch.[28] If you are single, you will receive up to $600 hundred dollars. Couples will get $1,200 dollars and as for the paper checks, President Bush says those are also ahead of schedule. Those checks will start going out May 9th.[14]

President Bush is betting that the stimulus checks will pump life into the economy.[6] In February, President Bush signed a multibillion dollar economic stimulus package in the hope of injecting the economy with a triple-espresso-like shot in the arm.[45]

The leisure industry is not relaxing. Internet travel site Expedia said it's offering a $200 coupon for certain vacation packages - to "stimulate the U.S. economic stimulus package." Retailers are reacting, too: Wal-Mart plans to cash tax-rebate checks at its stores while running promotions coaxing shoppers to check out the "everyday low prices" there.[10]

According to the Economic Stimulus Act of 2008, taxes would be cut in 2008 from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.[51] The stimulus allows for a 5% phaseout rate for households above the income caps of $75,000 for single filers and $150,000 for joint filers. The rebates of those taxpayers will be reduced by the amount of income above the cap multiplied by 5%.[11]

A married couple with an adjusted gross income of $150,000 or less will receive $1,200, plus an additional $300 per child. The rebates begin to phase out for couples with adjusted gross incomes above $150,000 and disappear for those making $174,000 or more.[2] In general, the minimum rebate amount will range from $600 to $1,200 if you're married and filing a joint return, $300 to $600 if you used another "filing status" on your federal income-tax return (such as "single" or "head of household").[40] At South Florida's Acqualina Resort & Spa, a $600 tax rebate package includes four hours of spa treatments, lunch and gratuity; the $1,200 version (a savings of 33% over discounted summer rates) includes an oceanfront room for two nights, breakfast and two 60-minute spa treatments.[17] Q. How much will I get? Single tax filers who have adjusted gross income less than $75,000 will get rebates of up to $600.[34] To be eligible for a full rebate, single tax filers must have 2007 adjusted gross income (AGI) below $75,000 and joint filers must have AGI below $150,000.[11]

Keagle has seen several similar economic cycles over the past 40 years, and his restaurants' business currently is down about 10 to 15 percent from a year ago. "I don't think a lot of people are going to take their rebate money and buy a $30 steak at Sycamore Inn," Keagle said.[25] Teresa expects half of the people will save the money because of the unsettling economy. Steve, who works in information technology, lost his job at Quicken Loans in Livonia in January, but he found another within a week at Credit Union One in Ferndale. He went through another short job loss about a year ago, but quickly found a job then, too. "It just kind of hands you a little bit of a wake-up call," Teresa Smith said. Isabelle Lewis, who retired in 1999 from the Detroit Public Schools, says she won't buy a thing with her $300.[18] I would love to see some of these people who rely on the government and the working american to pay all their bills: ie food stamps, passport healthcare, medicaid, etc. to get off their behinds and work the hard as the rest of us. These people should have a time limit to use goverment assistance, no longer than 5 years, enough time to get an education and a good paying job. It's ridiculious how many people abuse the system, that's why our economy is so in debt.[4]

"I believe that most people are certainly not going to spend it all," Gunther said. "The question really is, how much are they going to spend within two months? Then how much are they going to spend within six months, a year? As more time passes, the chances that the money will be spent increases." Families with a lower income will be more likely to immediately spend their checks, Gunther said, to pay bills or make a larger purchase they would be unable to fit into a monthly family budget.[20] The delivery date of paper checks will be bumped a week as well, starting May 9th. "They want to get the money out there to the people because of the need." The President hopes the money will go right into local economies, but that's not how people told us they will spend it.[29]

Paper checks will begin going out on May 9th. The Internal Revenue Service estimates that all 130 million households expected to get a rebate check will have their money by July 11th.[12] The IRS says the first direct deposits of rebates will begin Monday, with paper checks to follow starting next month.[15] If your last two digits are 00-20, you should get your rebate by May 2; 21-50 by May 9: 76-99 by May 16. All paper checks, for those who didn't opt for direct deposit, should be sent between May 16 and July 11.[34]

Pay down debt. The first to see the rebates will be those tax filers who are set up to receive direct deposit.[12] Direct deposits: People who receive regular tax refunds by direct deposit are to receive their rebates this month.[47]

From rising grocery prices to record gas prices, it's hard not to feel the economic pain these days. "Starting Monday, the effects of the stimulus will begin to reach millions of households across our country," he said. That's a full four days early for those who are receiving direct deposit. This is an issue that has interested many people in our area and across the country.[52] About 7.7 million Americans who chose direct deposit will be the first to receive the checks, according to the Internal Revenue Service.[19] The Internal Revenue Service had been saying direct deposits wouldn't start until next Friday, and that paper checks wouldn't start going out until May 16.[2]

Crude oil was down $2.40 a barrel Thursday and was forecast to fall Friday until the President announced that the direct deposits would start going out Monday.[20]

The IRS will start mailing checks on May 9, the president said. The IRS says all checks for those who filed tax returns on time are scheduled to be deposited or mailed by July 11. [4] The vast majority of people who filed a 2007 income tax return qualify for a check, and many who don't regularly file a tax return may qualify as well.[18] The IRS said the only form that must be filled out is a 2007 tax return. Those who have done that can relax and wait for the post office to deliver their check.[53] According to the definition by the IRS, if you file a tax return you are a taxpayer. It really doesnt require that you actually "pay" taxes to be considered a taxpayer.[51] If nobody else claims the child, most likely nothing will happen. If another taxpayer claims the child, both tax returns will be flagged by the IRS who will investigate the matter. They will then.[51]

Once the IRS has levied a tax within whatever deadline applies for the levy -- generally 3 years from the filing deadline for a timely filed return unless fraud is involved -- they have 10 years to. If you filed a return this year you should get the rebate.[51] Within the next week or so, the IRS plans to begin mailing notices to people who'll be receiving rebates. Unlike the general notices mailed earlier this year, these notices will be specific to your situation, letting you know exactly how much you can expect to receive and when you can expect to receive it, Riley said.[40]

Qualifying parents : Will receive an additional rebate of $300 for each child, if the child was under age 17 at the end of 2007 and lives with the parents for more than half the year.[10] Couples making less than $150,000 per year would receive rebates of up to $1,200.[49]

"Actually, it has it here for Mother's Day for $92 -- and that's with lotion, too." Teresa and Steve Smith, both 43, see the rebate money as a way to pay for necessary finishing touches on a home addition done on their Northville home a few years ago. They've yet to put on some gutters.[18] By contrast, a couple earning no less than $3,000 a year is eligible for a $600 rebate as well as $300 per child.[2] The rebates are up to $600 for an individual, $1,200 for a couple, and an additional $300 for each dependent child.[31] Eligible taxpayers will receive payments of up to $600 per person, $1,200 for couples, plus an additional $300 per child.[37] A. Taxpayers will receive up to $600 ($1,200 for married couples), and parents will get an additional $300 for each eligible child younger than 17.[6]

How much: For individual taxpayers who make less than $75,000, the stimulus check translates to up to $600.[45] The club is running a promotion that matches the full price of a stimulus check up to $1,200.[45] "Consumer confidence is the lowest it has been since the 1990s. People are unlikely to buy based on price as they are on time." For taxpayers like Parker, the stimulus check will be used where she needs it the most - to keep up with the rising cost of living. "I don't think that people will necessarily go out and blow it at the mall like they want you to do," she said.[20] Automobile purchases probably would not be significantly affected by the stimulus checks because of the worry that the consumer might not be able to pay the note months down the line. "Right now people are concerned about the future," he said.[20]

Any spending generated by the stimulus rebates should garner ripple "multiplier" effects over the next few months, the economist said. In the meantime, major retailers are jockeying to get consumers to send some of those rebate dollars their way. Sears Holdings and grocer Kroger Co., which operates Ralphs, are offering discounts and freebies to consumers who turn their rebate checks into gift cards. Home Depot is inviting shoppers to spend their rebates on eco-friendly light bulbs and other energy-saving products.[25] Until recently, Bush touted the rebates as a way of jump-starting consumer spending, which drives two-thirds of the American economy.[23] Consumer spending accounts for between 67 and 70 percent of the economy, said Bill Gunther, professor and director of the Bureau of Business and Economic Research at the University of Southern Mississippi.[20] A slowing economy, on the other hand, can be prodded by an increase in consumer spending. One of the best ways to do that is to give more help to those struggling to find a job.[30]

If we want to help our economy, the rebates are good, but making the Bush tax cuts permanent (or even better) would have a much greater and longer impact.[12] The Bush administration is hoping that people will spend the money on clothes and other items, to help bolster the economy.[50]

"It'll be around $600. It's going to be pretty big," he said. With an economy on the decline, many Southlanders are opting to put their checks toward practical expenses, like paying off debt or making improvements around the house. That comes as no surprise to St. Xavier University finance professor Paul J. Belsky, who describes today's mood as "cautious optimism." "Whether or not households are going to get their checks and spend them - which is what this plan envisions - I don't know," he said.[45] How much the stimulus checks aid the sagging economy remains to be seen, but for most taxpayers even a little extra will help.[36] SARASOTA COUNTY - The check is in the mail. Almost one million taxpayers will get their economic stimulus checks early.[29] The first of those economic stimulus checks from the government hit the mail on Monday.[37] The Government will be sending out those economic stimulus checks starting Monday.[54]

You may get your economic stimulus check a little early. Treasury officials say they're running ahead of schedule, and checks will start arriving Monday.[43]

The federal economic stimulus payments will start hitting Americans' bank accounts this week.[10] The economic stimulus payments that will begin appearing in taxpayers''' accounts this week cannot come too soon for most Americans.[36]

A. Starting next week, the Treasury Department will send economic stimulus payments to more than 130 million households.[6]

The Internal Revenue Service will issue economic stimulus payments based on the last two digits of a person'''s Social Security number.[36] Economic stimulus payments will be issued according to the last two-digits of the main filer's Social Security number.[44]

Payments are going out according to the last two digits of primary filer's Social Security number. "The lower those last two numbers are, the faster you'll be getting it," said Illinois IRS spokeswoman Sue Hales. What to remember: It's not too late to file.[45] The order in which the IRS sends out payments will be based on Social Security numbers.[11]

Who'''s first: Rebates are being distributed by the final two digits of Social Security numbers.[47] If the last two digits of your Social Security number are between 00 and 20, your rebate will be deposited directly into your account Friday.[40] Social Security numbers : The rebates are being distributed according to Social Security numbers, specifically the last two digits.[10]

If the last two digits of your Social Security are between 21 and 75, your rebate will be deposited directly into your account May 9.[40]

"Starting Monday, the effects of the stimulus will begin to reach millions of households across our country," Bush said Friday in remarks on the South Lawn of the White House. Those first rebates will be directly deposited into people's bank accounts. [7] There is no denying that the first stimulus package had a big impact on pulling us out of the recession that Clinton left us and that was due more to the tax cuts that went along with it. It is, of course, your prerogative to donate it to Hillary. As for me, I may spend it, I may save it, I may stuff it in the garter belt of some lucky stripper, but I would just as soon squander it than donate it to some liberal so they can get elected and make matters worse. Their are much higher food cost and gas prices, but a majority of the problem is business and investors becoming more and more unwilling to spend and invest their dollars because many of the Bush tax cuts that worked so well are on the verge of expiring.[12] The payments, which are not to be confused with tax refunds, are at the heart of a $168-billion stimulus package authorized by Congress.[23] Congress should extend unemployment benefits before more economists say we're in a recession. Members of Congress were so concerned about the economy that they set aside their usual partisan differences and quickly passed a $152-billion stimulus package in February.[30]

Top Democrats in Congress, however, said the rebate checks may not be enough to spark a recovery and a second stimulus package may be needed.[8] Carter actually gave the first stimulus check, they were called rebate checks.[12] The stimulus check program begins to phase out at $75,000 in adjusted gross income for single filers and $150,000 for joint filers.[18] A tattoo, a gun and a flat-screen TV. No, those are not on a dying man's wish list. They are just a few of the items Southlanders will spend their stimulus checks on once they start popping up this week.[45] To the extent that the economic downturn is driven by rising fuel and commodities prices, along with a jittery housing and financial market, the stimulus checks will not have much of a lasting impact on the nation's economic health.[12]

As fuel and food prices soar, and housing prices sink, finally some good news for consumers. The government is taking action by sending out those rebate checks a little early.[24] To spend or save - that is the economic question. Bill Casper plans to buy a handgun with his rebate, partly because he said he finds the irony hilarious. "I think it would be so fitting to use that money from the federal government to buy a gun because so many politicians are always trying to take them away," said Casper, of Oak Lawn. Jake Banjeglav, of Mokena, believes it's time for a treat - albeit a painful one. "I'm getting a tattoo," he said.[45] Whether the come-ons will inspire plans for a summer vacation or spur resentment from debt-burdened consumers is open to debate. According to a USA TODAY/Gallup Poll of 1,016 U.S. adults last weekend, only one in five respondents said they were likely to use part or all of the rebate money for a vacation or travel, and 64% said they were "not at all likely" to spend it for that purpose.[17]

If Xu Truong had his way, he and his wife would spend their tax rebate on a trip to Reno. Anh Hoang, who co-owns Santa Rosa's Mekong Market with her husband, said that money will go toward bills. "Wow, vacation," she said, laughing.[23] WASHINGTON -- Tax rebates are coming out earlier than expected and even could be appearing in your bank accounts as soon as Monday, President Bush said yesterday.[9] U.S. President George W Bush said the tax rebates, aimed at some 117 million U.S. homes, would be given starting Monday. They had been due to go out in May.[32]

Denise Mason of Union may use her chunk of the federal tax rebate to pay for a new husband.[10] Online travel company Expedia Inc. has launched a campaign called "The Great Tax Rebate Vacation." Calls to local retailers found a handful that are planning stimulus-specific ad campaigns or might consider them in coming weeks. Whether or not they're advertising, local businesses want to help customers get the biggest bang for their bucks.[38]

Retirees and disabled veterans are eligible for rebates. Those who do not normally file a return have until Oct. 15 to send a return to the IRS to be eligible for a rebate. With the nation's gross domestic product expanding at an anemic 0.6 percent in the fourth quarter of last year and banks such as Citigroup of New York and National City of Cleveland posting large losses, many economists are skeptical about whether the rebates will help much.[2] Some will go out later. A message for those who got an extension -- the IRS says you must file your return by October 15 if you want the rebate money by the end of the year. Therefore, readers should subtract seven days from all dates shown.)[13]

The checks were for about half the amount, and instead of the anticipated 130 million that are going out in the next few months, the IRS sent only 112 million payments in 2001, said Illinois IRS spokeswoman Sue Hales. If spending trends stay true to what they were seven years ago, NPD Group restaurant industry analyst Bonnie Riggs predicts the health, apparel and restaurant industries will benefit. By mid-June, she expects the restaurants - which have been hurting - to start experiencing the boost. [45] By the end of next week, checks will have been deposited into the bank accounts of 7.4 million people. Most people will get their payments by July 11.[11]

Beyond that, leave the rest of the work to the IRS, which will calculate how much you will receive and send you your check. Issue #1 - America's Money: All this week at noon ET, CNN explains how the weakening economy affects you.[11] The rebate checks are expected to pump more than 50-billion dollars into the U-S economy by the end of May. Kacey Harbuck knows what she wants to do once she gets her check.[43]

With summer travel just around the corner, Internet travel site Expedia announced it will offer a $200 coupon off special vacation packages to coincide with the rebate checks.[23] The words "stimulus package" are stamped in black on the envelope. Lenny Carfarelli said sales are up 10 percent to 15 percent since the mailings began, and he's planning another one next month. "Unfortunately, I did get some people who didn't like it," he said, because they thought the mailing was a real check "and they needed the money."[22] We just bought a $300 stroller that I wasn't planning on." For the amount of money Judy Posman will be getting, she could almost afford half the cost of a shiny red stackable washer and dryer. The Angels Camp woman ogled the items briefly, before continuing on her journey to get a sprinkler head. "I kind of wish we weren't getting it," she said of the money. "I don't think it's going to make a difference. I'd rather they gave the money to pay down the deficit or to fix some of our bridges or roads." Other companies rolling out ad campaigns include Sony Electronics, Inc., which is encouraging people to buy Bravia HD TVs or full-blown home theater systems. Staff Writer Shadi Rahimi contributed to this report.[23] Americans who pay lower or no federal income taxes may receive less, generally $300.[36] Why do politicians think Americans are stupid, $300 now and higher taxes next year to pay for it.[12]

The current average for a gallon of regular gas in Santa Rosa is $3.85, according to AAA. A $600 check would pay for about 13 tanks of gas, assuming the vehicle held 12 gallons. [23] "Some people will spend it, but will everybody who gets a check spend it? I have my misgivings about that." More likely, Belsky expects people to use some of their checks to pay down outstanding debt and the rest as discretionary spending.[45] "When I get my rebate check I'm going to use it to pay off my debt, or put it towards debt," said Rhonda Mohr.[54]

The National Retail Federation is on the alert, of course, predicting Americans will spend about $43 billion of the rebate, while socking away the rest, or paying off debt and medical bills. [10] A March poll by travel insurance vendor Access America, meanwhile, found that 11% of surveyed households making at least $50,000 in annual income planned to spend the rebate on travel.[17] If you had earned income of at least $3000, you would get at least the minimum rebate of $300.[51] You may be eligible for an additional rebate amount of up to $300 for each child you have who was under 17 as of Dec. 31, 2007.[40]

The rebates are part of a $150bn plan that aims to boost growth and encourage spending, and avert a recession.[32] Chapman University economist Esmael Adibi said the latest national consumer sentiment data -- the lowest reading since the early 1980s, according to a monthly Reuters/University of Michigan index -- doesn't bode well for major spending with the rebate money. "At the most, 50 or 60 percent of that money will be spent," he said.[25] These rebates will buy a few votes but are but band-aid on 7 years of fiscal irresponsibility, uncontrolled spending and, the non-existent economic policy of this Republican administration.[12] No way we'll be helping the economy by spending it when it arrives; my husband and I will leave our rebate in the bank until next winter.[12] I'm going to try to stay afloat because the economy is horrible," Ruffin said. Even with that realization, Debbie Durham is spending her check - but not on herself.[45]

MOBILE, Ala. - One attempt to get the economy back on track is the economic stimulus plan. [21] The first round of economic stimulus money will hit some savings and checking accounts Monday.[18]

"The strain of the economic downturn on middle- and low- income families demands, in my view, consideration of a second stimulus package,'' House Speaker Nancy Pelosi said at a press conference in Washington today.[42]

Some Southlanders will oblige. Having just purchased a house, Tinley Park resident Mike Martello is emptying his pocketbook to pay for paint and furniture. That won't eat into his stimulus check. He has a different plan for that extra cash.[45] NASHVILLE, Tenn. -- Metro police said scam artists are calling and e-mailing hoping to make a quick buck on taxpayers' government stimulus checks.[53] Here's what every tax filer needs to know about the soon-to-be-distributed stimulus checks.[11]

Your stimulus payment is a one-time tax cut - an advance on a credit you'll receive on your 2008 return.[11] • Contrary to rumors, the Internal Revenue Service notes that seniors who don't normally need to file a return will not owe any taxes on their stimulus payment.[18]

You will not owe tax on your payment when you file your 2008 tax return, and it will not increase the amount you owe or reduce your 2008 refund.[11]

The maximum payment is $600 for a single person or $1,200 for a married couple filing a joint return.[20] In general, payments will range from $300 to $600 for individuals and $600 to $1,200 for joint filers.[18] The minimum payment is $300 for a single person or $600 for a married couple filing jointly.[20]

The rebate will put up to $600 into the hands of single filers making less that $75,000 per annum, as well as $1,200 for couples earning less than $150,000.[55] Couples with AGI below $150,000 will receive rebates of up to $1,200.[11] Married couples who filed joint returns and don't earn more than $150,000 can see up to a $1,200 rebate.[45]

For the next three months, the U.S. Treasury Department will distribute more than $100 billion in rebates to about 130 million households.[2] About 130 million households will receive rebates during the next few months, Bush said.[42]

Just remember that your rebate won't go out in the first round, as described above; you'll receive it after the IRS processes your return.[40] A: Yes. Assuming you filed a 2007 federal income-tax return earlier this year, and you're eligible for a rebate, it will arrive in the first round, as mentioned above.[40]

The first round of rebate checks starts May 16 and will continue through July 11.[40] WASHINGTON -- Give yourself a pat on the back if you're one of those Americans who have their income-tax refunds deposited directly into their bank accounts: You will be first in line Monday when the federal government starts sending out billions of dollars in rebates.[2]

WASHINGTON ' Federal tax rebates will start being sent out Monday, earlier than previously announced.[48] The tax rebate is based on your 2007 earnings and Federal Income Tax liability.[51] When Tennessee's Pigeon Forge tourism department debated whether to launch a tax rebate program, "our first thought was of appearances doesn't that look unseemly, or at least, couldn't our potential guests view it that way?" says spokesman Tom Adkinson.[17]

Increasing Americans' savings is a worthy goal, but it doesn't do anything for job creation. If the president and Congress want to increase people's disposable income, and give businesses a shot in the arm at the same time, they would do better to cut taxes or make the Bush tax cuts permanent. [12] Putting the money in the bank is the exact opposite of what president George Bush and Congress want Americans to do.[39] President George W. Bush said Friday that the money will begin being direct deposited into accounts Monday instead of Friday.[18]

In general, if you filled out the "direct deposit" section of your return, the Treasury will deposit your rebate directly into your bank or credit-union account, Internal Revenue Service spokeswoman Peggy Riley said.[40] I would like my refund rebate check direct deposite into my checking account.[4] Assuming you're eligible for a rebate, it'll be deposited directly into your bank or credit-union account, or mailed to you in the form of a check.[40]

"We don't think it will go into the piggy bank," Riggs said. "They may hold onto them longer for a security blanket, but then they may get to the point where they say 'I've been through enough. When Bob Johnson sat down with his wife and two teenage children, the Homer Glen family had to resolve to spend their rebate check on a vacation or a membership to Riviera Country Club and Sports Center in Orland Park.[45] • If the credit is more than the rebate check, Luscombe said, the taxpayer can claim the additional credit amount in excess of the rebate check already received.[18] Inflation is something." For many taxpayers, Gunther said, "The stimulus is not viewed this time as something extra. Even Robinson, the furniture-store owner, may lavish his rebate on a gas pump, he said. "Everyone is feeling the pinch of gasoline prices," he said. "It affects everything, including the cost of furniture."[10] The gas crisis is at a massive inflation, and the high prices are affecting every american family. The cost of living has gone up so much, you can feel it almost every part of your budget, it simply cost more to eat, travel, live, pay all those utility bills and more.[4] "Consumers are getting hit by so much today," said Chuck Keagle, who owns several Inland restaurants including Cask 'n Cleaver, Sycamore Inn and Blackwood American Grill. "My guess is they're going to take those checks and maybe save some of it, but they're mostly going to reduce their debt." Keagle said those worried about gas prices, jobs and the elections might decide to take a break and splurge on a meal at local family-style restaurants. It likely won't make a deep impact on restaurateurs' bottom lines.[25]

The price of fuel will take every bit of that to put gas in the car," said Chad Kirby. "It's going to be good for the economy as long as people spend it wisely and don't go out and waste it," said Dale Caudill.[14] Choosing to spend the money on gas would end up stimulating someone else's economy, as most of the nation's fuel is imported from abroad.[23] The federal government wants you to spend that money and hopefully stimulate the economy.[29]

Next year you will recieve a paper and have to claim that un-taxed money on your taxes against yourself. What will help everyone for now, won't help them next tax time. Oh if I get one I'll definately spend it, or better said, the wife will! I'm very skeptical when somebody says they are 'giving' me something.got to be strings somewhere. especially if I'm not owed the money.[14] "We won't be going out to spend it as quickly as we can. As a taxpayer, I just go through with my income taxes and that will help offset some of those costs." Some say they plan to invest the money.[29]

"The check's definitely going to help." It's also a welcome bonus for Christine Loomis, who wishes she could splurge with her check. "It must be nice to use that money for a vacation," said Loomis, who also lives in Tinley Park.[45] Several recent surveys have shown that most Americans plan to put the money in savings, or use it to pay down debt or other bills.[37] Anne Kist of Jupiter plans to put her tax-rebate check in the bank. John Batista of Stuart will use his to pay off credit card bills.[6]

"I wouldn't just splurge." With two children now in the picture, she's using the stimulus check to invest in a van. For Carol Jackson, being practical means her check is going straight to the water bill. [45] Whatever the value of the checks, retailers are ready to cash in. Sears was one of the first companies to announce its "Stretch Your Stimulus Check" promotion. The offer, good at Sears, Kmart or Lands End, gives customers the option of converting the entire value of their stimulus check into gift cards and bonus gift cards equal to 10 percent of the check.[45] The overall schedule for receiving stimulus checks has been moved up a week.[19] Treasury officials say they're running ahead of schedule, and stimulus checks will start arriving Monday.[43]

Payments to taxpayers slated to get paper checks will start to go out May 9.[20] Paper checks will start going out on May 9th. Retailers are doing their part to make sure you spend that check at their store.[24] Paper checks will start going out on May 9, about a week earlier than originally scheduled.[10]

About one out of every six unemployed workers has been without a job for more than 26 weeks -- far more than at the start of the last recession. By the end of the year, 3.5 million Americans could run out of benefits before they find work. Those statisticsmay be a sign of something more troubling than a cyclical downturn. They may also reflect years of slow job growth caused by globalization and a technology-driven shift in employment opportunities. Those problems can't be addressed by stopgap measures.[30] Nearly 8 million Americans will receive their electronic payments next week, according to the department.[44]

Joint filers who earned less than $150,000 will get up to $1,200. Those with higher incomes may receive a reduced payment or even no payment.[34] A family of four earning just $4,000 a year would receive $1,200 from the government.[2]

The auto dealership's direct-mail marketing campaign sent out $2,500 vouchers for Toyota purchases that look like a government check.[22] For an individual with a $600 check, that means 10 months of unlimited access to an 80,000 square-foot fitness and recreation center, tennis and racquetball facilities, barbecues and luaus in the summer, and what sealed the deal - an indoor and outdoor pool, complete with a towering slide.[45] Single filers with AGI below $75,000 will get rebates of as much as $600.[11] The Recovery Rebate Program would give rebates of up to $600 for single filers making less than $75,000 annually.[49]

Zonder.com, a vacation rental website, offers 10% off bookings of $600 or more and 15% off bookings of $1,200 or more.[17] Individuals will see up to $600 and married couples could see up to $1,200.[32]

If you're a married couple who's filing jointly, you'll get a maximum of $1200, plus $300 for each qualifying child."[21] Parents will also receive $300 per child under 17; there is no cap on the number of qualifying children eligible.[11] Parents will receive an additional $300 per child, the release stated.[55]

• One sample of a possible payout: A married couple with three children, ages 12, 15 and 19, could get $1,800. That's based on an adjusted gross income of $80,000. Only two children in this example would qualify for $300 for each qualifying child under age 17.[18] The first quarter's net income included the after-tax effects of approximately $3.6 million of non-cash stock-based compensation expense, $1.8 million in restructuring charges related to the company's Toulon, France, operations, $1.7 million of expenses related to a Department of Justice inquiry and $73,000 of inventory step-up amortization. Excluding these items, the adjusted first-quarter net income for Wright Medical increased 34 percent to $8.9 million in 2008, compared to $6.7 million in 2007.[26]

I'll combine as many things as I can in order to deal with the higher prices." The rising prices of groceries and gas also have forced Parker to re-evaluate what she spends. "It's almost like you have to choose between buying gas or buying food," she said. "The cost of eggs and milk has gone sky-high, and now that gas has jumped from $3.27 to $3.39 a gallon, it's really tapped into our finances."[20] I opened a new gift & jewelry shop early last year. It's not doing so well because people can't afford anything extra thanks to the gas prices.[4] Of course, most people will probably need the extra money just to cover higher costs for gas and groceries, Sullivan said. It's important to at least try to build up some savings. "As times get tougher, it's more important because there's a better chance you could lose a job," he said.[19] In the Times-Dispatch classifieds : A 1987 Pontiac Fiero ($1,000) with money left for about four tanks of gas.[9] At Elizabeth Arden Red Door Spa : Two daylong "Ultimate Embrace" spa packages ($498 each), including massage, facial, pedicure, manicure, makeup application and lunch, with money left over for a really nice tip.[9]

The last two digits of your social security number determine what order you will receive your money.[21] When you get your check depends on the last two digits of your Social Security number. The closer those two numbers are to 00, the sooner you get it.[24] The order is based on the last two digits of your social security number. Those that end in 0-0 through 21 will be the first batch to go out.[39]

One-time payments will be sent to at least 117 million low- and middle-income households, 20 million senior citizens living off of Social Security and 250,000 disabled veterans.[11] I have not worked in 8 to 10 years. My only income is Social Security, and now this other form mentioned. a W-2.[40]

Commissioners also will vote on a resolution amending the fiscal year budget of the Shelby County Drug Court in the amount of $191,500 to account for increased revenue and expenditures until federal earmark appropriations are available. [26] All the sender or caller wants is to steal a person identity by getting the taxpayer to reveal personal information. "What they pretend to do is say you're going to receive one of our checks and were going to directly deposit it into your bank account, but we need information from you," said Lt. Mickey Garner of the Metro Police Department.[53] If you can be claimed as a dependent on another taxpayer's return, you won't receive a rebate.[10] Late Filing: If you filed a return by April 15, you can be pretty much assured that you'll receive your rebate according to the schedule listed above.[40]

For rebate purposes, the deadline didn't end April 15; you can still file a return and obtain a rebate.[40]

If the last two digits of your number are between 00 and 09, your rebate check should be in the mail by May 16. [40] If it turns out that your 2008 income and number of children would have qualified you for a larger rebate than the one you received, you'll be sent the difference.[11]

Today's Home & Leisure in Mechanicsburg sells grills, home theater systems and other home items. Its newspaper ads will probably mention the stimulus and offer a certain percent off for customers who bring in the ad, said co-owner Michele Dobb. Harris TV & Appliance, in Harrisburg and Mechanicsburg, might run radio spots reminding listeners that they carry new lines of televisions and are offering tiered rebates for multiple purchases of some appliances, said manager Matt Tomb. [38] Wilson, for one, foresees a possible increase in sales of "big-ticket" items. That's good news for Danny Robinson, owner of Discount Furniture Co. in Jackson. "I'm expecting to do business out of this rebate," he said, "which is good, because, I feel the economic slowdown."[10] This is it the week that the U.S. Treasury starts distributing rebates under the new federal economic-stimulus law.[40]

Again, the first rebates will be directly deposited into people's bank accounts.[24] "I know Ohioans are hurting and am hopeful that the rebates will work as a shot in the arm to spur growth, restore consumer confidence and get people working again," said Sen. George V. Voinovich, R-Ohio.[2] Consumer spending accounts for 70 percent of the country's economic growth. "What they'd ideally like everybody to do is to go out to Wal-Mart or Home Depot or Macy's and buy something," said Chris McCarty, director of the University of Florida's consumer confidence survey.[6]

People tend to do that with newfound money. He questions if any of the extra spending now will really help.[18] People are not necessarily making any more money, raises have diminished b/c the economy has slowed so far down. I am a middle-class working woman with a family, who does not abuse the gov systems that alot of women in this country do.[4] "I do hope the economy can be improved; otherwise, I don't know what the American people, or any other people, are going to do.[10] Produced by Laura A. Bischoff; DDLY; News; Ohio Attorney General Marc Dann responds to questions on April 9, 2008 about sexual harassment complaints against his employee Anthony Gutierrez. Dann also denies an allegation that his scheduler Jessica Utovich was at his apartment wearing pajamas.; DDLY; DaytonDaily; News; dann; With the economy a bit slow more people are looking for ways to supplement their income.[44] The collapse of the once high-flying housing market has been the biggest weight on the economy. With many people watching their single-biggest asset — their home — falling in value, they have been less inclined to spend, weakening the economy.[15]

"Our consumer research showed three out of five homes, despite the economy, were very interested in making small home improvements," Sears spokesman Larry Costello said. "We wanted to help them stretch their dollars." Following suit, Radio Shack and Supervalu - Jewel-Osco's parent company - announced their own versions of stimulus promotions Thursday.[45] "Obviously our economy is in a slowdown," Bush said. Earlier this week, the president denied the nation was in a recession, instead saying, "We are in a slowdown."[15] With the economy faltering, the nation's unemployment rate has climbed to 5.1 percent, the highest since September 2005, when it suffered from the devastating blows of the Gulf Coast hurricanes. Job losses in the first three months of this year neared the quarter-million mark.[15] A trio of crises — housing, credit and financial — has threatened to plunge the economy deep into recession. The economy grew at an anemic 0.6 percent in the final three months of last year and is believed to have gotten even weaker in the first three months of this year.[15]

"I'm looking forward to it," said Brenda Liffengren. Many experts say consumers will spend about two-thirds of their new money within the first three months of getting it. [54] The government is hoping consumers go out and spend the money however, for many, the money will go toward bills or straight into savings.[28]

"The problem is many people are likely to spend it on servicing existing debt, and that's money that's already been spent."[6] "Isn't it better to join a health club than buy a big-screen TV and get the gift that keeps on giving?" said manager Chris Somerville. How people spend their checks is up to them, Crystal Gena believes, but the Palos Hills resident is sticking to one rule.[45]

The calculator also can help you figure out how big of a check you might receive.[18] Going out the first week will be numbers ending between 00 and 09. The second week will see checks going out with SSN's ending in 10 through 19.[52] No checks will be distributed Thursday and 5 million payments will be made Friday.[20] Beginning Monday, millions of people around the country will see extra money in their bank accounts.[28] "I thought it was great. I think that people can really use the money so it's a good thing."[29] "A little quicker. Let's do it so they can use this money sooner and put a smile on peoples faces."[39]

Money in the bank? Virginia Beach has an ad campaign aimed at taxpayers who are expecting a rebate from Uncle Sam. [17] "Of course, the kids heard about the rebate and have already spent it 600 different ways. My 17-year-old wants one of those iPhones." Thirty-two percent of taxpayers said they plan to invest their windfall. Jimmy Baker is one of them.[10]

Many may be eager to use it to feed something besides gluttonous food and fuel costs. "With something like this (rebate), there's always a rise in spending, including spending on put-off expenses," Wilson said.[10] Clearly, gasoline and milk prices in the $3.60 per gallon range have forced area residents to readjust some spending.[36]

"Unless the administration gets OPEC to increase oil supply, American consumers are going to be in for a scorching summer of $4 gasoline with no relief in sight," Schumer said.[7]

If you normally don't pay taxes, but believe you qualify for the rebate, you can call 800-TAX-FORMS and ask for the package 1040A3. [21] If you're a laggard or had to file for an extension, you'll still get a check but it may not come until the end of the year - probably in time for Christmas shopping.[11]

To view the Eyewitness News Talking Point on how companies are competing for your stimulus money, click the play button above or the related video link. [41] Q: I am filling out the form for that stimulus, economic stimulus. It is 1040A form.[40] "We have begun some conversations with the administration and the Republicans on that.'' Bush has said he wants to examine the effects of the first stimulus measure before considering a second.[42] The first round of direct deposits starts Friday and will continue through May 16.[40]

SOURCES

1. VOA News - Bush Says Tax Rebates Can Help Revive US Economy
2. The Columbus Dispatch : Stimulus rebates to begin Monday
3. 'Your rebate is on the way' | TheNewsTribune.com | Tacoma, WA
4. You may have your stimulus rebate by next week! | CONSUMER WATCH | WHAS11.com | News for Louisville, Kentucky
5. First Batch of Rebate Checks Sent by Direct Deposit Monday -- 04/25/2008
6. Taxpayers reluctant to spend rebates
7. Bush says rebates going out Monday will boost economy - washingtonpost.com
8. Bush: Economy in slowdown, checks on the way | U.S. | Reuters
9. Ways to use a $1,200 rebate - Richmond, Virginia, Business News and Financial Information - inRich.com
10. To spend or save? Checks anticipated | clarionledger.com | The Clarion-Ledger
11. Here come stimulus checks: What you need to know - Apr. 25, 2008
12. Bush Banking on Rebates to Boost Economy - Political Machine
13. Expert: Don't just blow your tax rebate check | KOMO-TV - Seattle, Washington | Consumer News
14. Tax Rebate Checks On The Way
15. The Associated Press: Bush say tax rebates that go out next week will help economy
16. The Associated Press: AP Top News at 10:43 a.m. EDT
17. Travel industry wants you and your rebate - USATODAY.com
18. What will you do with your economic stimulus check? | Freep.com | Detroit Free Press
19. Schedule for stimulus checks moved up | Arizona Business, personal finance, technology news for East Valley and Phoenix | eastvalleytribune.com
20. Hattiesburg American - www.hattiesburgamerican.com - Hattiesburg, Miss.
21. MyFox Gulf Coast | IRS tax rebate calendar
22. Rebates won't help retailers, experts say
23. Pressdemo.com News
24. 6abc.com: Rebate checks come early to some 4/25/08
25. Inland retailers dont expect people to spend most of their federal rebates | Business | PE.com | Southern California News | News for Inland Southern California
26. Memphis Daily News
27. 4/25/2008 - Alexander Says Tax Checks "Good For Family Budgets" - Breaking News - Chattanoogan.com
28. www.wdio.com - Economic Stimulus Checks Coming Early
29. WWSB ABC 7 Florida - Sarasota, Bradenton, Venice, North Port, Siesta Key Breaking News, Weather, Sports and Traffic on the Suncoast | Economic stimulus checks to arrive earlier than originally planned
30. A better economic boost - Los Angeles Times
31. Tax Rebates Coming Sooner Than Expected - WETM 18 Online
32. BBC NEWS | Business | US to send out $100bn in rebates
33. Bush: Rebates on the Way | Market Features | BAC BSC C GS JPM MS - TheStreet.com
34. Charlotte Local News | Charlotte Observer
35. Consumer Alert: Stimulus rebate checks to supplement higher cost of living? | Eyeoutforyou.com - News, Weather and Sports - Bakersfield, CA - KBAK CBS 29 - KBFX Fox 58 | Home
36. Extra cash is always good thing | Altoona Mirror
37. Stimulus checks to be mailed Monday | NECN
38. Midstate retailers: Spend your rebate here- PennLive.com
39. MyFox Lubbock | Stimulus Checks Sent Out Early
40. Payments of rebates to begin | Business | Rhode Island news | projo.com | The Providence Journal | Breaking news
41. ksl.com - Talking Point: Companies offering incentives to spend stimulus check
42. Bloomberg.com: Worldwide
43. WALB.com News, Weather and Sports for Albany, Valdosta and Thomasville. Leading the way for South Georgia. | Stimulus checks arrive early
44. When will you get your stimulus payment?
45. How will you spend your check? :: The SouthtownStar :: News
46. CBS 6 - WTVR, Richmond Va - Tax Rebate Checks: When is it Coming?
47. Tax rebate - Vindy.com News - Local & Regional News - Youngstown, Warren, Columbiana, Ohio
48. Pressdemo.com News
49. Federal tax rebates could be here soon
50. Closing Glance: Apparel cos. close up ahead of rebate checks - AP - National Business News - Portfolio.com
51. Am I a "taxpayer" even though I get a refund every year? I am asking for rebate purposes, my mother said I am-The Commerce Journal
52. Rebate checks coming early | WSLS 10
53. IRS: Scammers Target Stimulus Check Recipients - News Story - WSMV Nashville
54. wcco.com - Economic Stimulus Checks To Be Mailed Monday
55.

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