Incentive Tax Rebates

Incentive tax rebates will start going out today, a week earlier than expected, President Bush announced Friday afternoon. Direct deposit payments will go out first, while paper checks will be mailed beginning May 9. The rebates — up to $600 for an individual, $1,200 for a couple, and an additional $300 for each dependent child. As I understand it, this incentive check is an advance to next years tax refunds so whether you get it now or next year it's all the same money. It's not extra money but money given to the American people early in order to stimulate the economy.
And also remember that you will only receive your check after you've filed your 2007 tax return.