2008 Tax Rebates Start Going Out Early

Some tax filers who used direct deposit for their refunds saw their tax rebate deposited into their accounts today. This is early as the IRS stated that the rebates would not be sent out until Friday May 2nd.

Do not be alarmed if you did not get your rebate today, the IRS will be sending them out in batches. Refer to the chart here (scroll down – sorry theme problems) to see the expected date of your tax rebate based on the last two digits of your SSN.

“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.

My Poll on this website shows that most people will be using their rebates to pay bills and the AP reports that most of your tax rebates will go toward gas prices since the price is expected to hit $4 a gallon soon. Ouch!!