The latest news is the government will begin wiring out the first of the rebate/stimulus payments May 2. The wired funds (those who filed their 2007 returns with refunds direct deposited into one account) will be completed May 16.
That same day, paper checks will start going out. Oddly, the order of processing is based on the last two digits of the Social Security number of the primary filer.
They state the last of the paper check mailings will be July 11 for those having filed timely (April 15). Those filing on extension after April 15, will fall into line as received.
If you owe Uncle Sam, he will get his cut before any stimulus checks gets to you. It is not recommended that you file with a balance due assuming he will do the math and send you the balance. You will get dinged with late payment and, possibly, interest charges.
'til later
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