Tax Rebates/Economic Stimulus Payments

The IRS has released an economic stimulus payment calculator to assist taxpayers in determining the precise amount of their tax rebate. The distribution of these payments will begin in early May with the exact date dependent on the last two digits of social security numbers. Tax filers who opt to have their 2007 tax refunds direct deposited will be the first to receive their payments direct deposited; otherwise, paper checks will be distributed in mid-May through July. Click here for more information and the payment schedule for taxpayers who file their 2007 taxes by April 15, 2008.