Well next month Americans should start getting their rebates either through mail or direct deposit. I have gotten a few what if questions that I have never thought of.

Will my rebate payment affect any benefits I receive such as food stamps or SSI? It should not affect your payment but check with the IRS  to be sure.

Exactly how will I get my check?  Your rebate payment will be issued in the same manner your refund check was issued for your 2007 taxes. If you did direct deposit, your rebate will be deposited into your bank account. If you chose to get a a check in the mail, your rebate will also be in check form.

What if I did one of those “Refund Anticipation” loans?Unfortunately you will receive your rebate payment through the mail in check form.

What if I filed my taxes after April 15th?  Your rebate payment should come about 2 weeks after you get your refund check.

I will not be getting a refund but I want my rebate check to be direct deposit. What do I do?  Make sure you fill out the direct deposit line on your tax form.

I owed taxes and had the IRS debit the money from my bank account, will my rebate be deposited in that account? No, you will get a paper check in the mail.

My refund was divided between 3 different account. Which one will my rebate payment be deposited in? None of them. You will get your rebate in check form through the mail.

My bank account that I got my tax refund in is closed, how will I get my rebate payment? If the bank account is no longer active, you will get your rebate in check form through the mail.

The IRS has lots of answers to questions that you may have about the Stimulus Payment Rebate. The last day this page was updated was April 17, 2008.

I was visiting boston gal’s open wallet  and found this nifty little toy. It is a tax rebate calculator, unfortunately I could not get it work on my wordpress blog. I had no problem on my other blog so here is the link.