Tuesday, April 15, 2008

A Dozen Ways to Spend Your $600 Tax Rebate

Need help spending that extra $300-600 you should be getting back as part of the economic stimulus package? The guys over at ExtremeTech have a few ideas that might help you out. Checkout their article "A Dozen Ways to Spend Your $600 Tax Rebate."

But hey before you go out and spend that check you might need to know when its coming. Well first off today is tax day so you had better have filled, or are doing so today. Second you must qualify. The basic guidelines are these: If you made over $3,000 and less than $75,000, you get back $600. If you're married filing jointly, that's a $150,000 ceiling and you get back $1,200. You get $300 for dependents and if you make over $75,000, you get less (the amount goes down further the more you make).

For those with direct deposit, the rebates start going out on May 2nd (for those with social security numbers ending in 00–20) and will be all done by May 16 (for socials ending in 76–99). If you're getting a check in the mail, May 16 is when the first checks go out (for socials ending in 00–09) and they keep going out until July 11 (for socials ending in 88–99).

If you still aren't sure if you qualify or have more questions checkout the IRS Economic Stimulus Payments Information Center

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