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IRS Announces Rebate Schedule

Washington, D.C. – The IRS says if you're eager to get your $600 economic stimulus rebate you should sign up for direct deposit.

The agency says among those receiving rebate checks, people with Social Security numbers whose last two digits are low, will get their checks first.

Taxpayers who receive their refunds or make payments through direct deposit will begin receiving payments by May 2nd, with all such deposits expected to be made within two weeks.

Then, starting by May 16th, the rest of the 130 million stimulus payments will start going out as checks sent through the mail.

The IRS said the last of the rebate checks should be mailed by July 11th.

Most individuals would get $600; couples filing jointly would get $1,200. A $300 per-child credit would be added on.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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