WOWT.com on Demand
  • 6 On Your Cell
  • RSS Feeds
  • Desktop Alert
  • Text Alerts
  • Daily E-News
  • What’s on 6
  • Children's Programming Changes
    YouCast - Submit Pics and Video
    Watch NBC Shows Online
    6 News Features
    On Your Side
    Don't miss the latest On Your Side segments.
    Family Health
    Don't miss the latest from Family Health.
    McKnight Investigates
    Catch all of McKnight Investigates here.
    Heartland's Most Wanted
    Catch all of Heartland's Most Wanted here.
    Product Recalls
    Check for threats that might be in your home.
    MarketPlace
  • Restaurants
  • Go Green!
  • Auto Map
  • Business Connections
  • Financial Advice
  • Legal Advice
  • New Home Listings
  • Your Home, Your Investment
  • Entertainment
  • Recipes
  • Jobs
  • The Wedding Planner
  • Martha's Tip of the Day
  • Advertise With WOWT
  • Tax Rebate Check Is In The Mail Save Email Print
    Distributions begin earlier than scheduled
    Posted: 10:40 AM Apr 28, 2008
    Last Updated: 8:11 PM Apr 28, 2008
    Email Address: sixonline@wowt.com

    A | A | A

    The government started depositing thousands of rebate checks in taxpayers' bank accounts on Monday. The Bush administration hopes the payments will help jump-start the weak economy.

    The check is in the mail, or should we say electronically deposited in your direct deposit a week early. It's money coming to us to help stimulate the economy, so will it?

    The government started depositing the checks around 7:30 a.m. The Internal Revenue Service goal is to complete 800,000 direct deposits each day over the first three days of this week. No deposits will be made Thursday while the IRS prepares a big batch of five million direct deposits scheduled on Friday.

    Paper checks will start going out May 9th, also earlier than expected.

    The rebates, which are expected to reach 130 million households, range up to $600 for an individual and $1,200 for a couple. Families with children will get $300 per child.

    "Everyone's favorite topic they know nothing about,” says Chris Perry of Omaha. That's understandable since anything that has to do with the IRS can be confusing.

    "I have two sons,” says Perry. A manager at Camille's southwest Omaha restaurant, he expects to receive $1,800.

    "It's probably all situational. Some people will spend, some people will use it to go on vacation or do something nice for themselves. We're planning on using the money to help finish our basement."

    "I've been a little bit busy, but I know it's coming up in May and I'm excited about it,” says Abbie Winters of Omaha. What will she do with it? "Use it toward bills."

    A recent brokerage house survey found that 85 percent of those asked plan to pay off debt or save the rebate, not necessarily stimulate the economy by spending it, which is the opposite of what the government had wanted when it decided to dole out $100 billion.

    Nurse Liz Greisch isn't among that group. "I'm buying something for my house or going on vacation maybe."

    Many businesses have special deals if you spend it with them. If you bring in your $600 check and buy $600 in gift cards at Baker's, you'll get an additional $60. Similar deals are being offered by Sears, Home Depot, K Mart, and Radio Shack.

    An easy way to find out when we get our checks is to go to the IRS Web site and enter in the last two digits of your Social Security number.

    For people receiving direct deposits, those with a Social Security number ending in 00 to 20 will have their economic stimulus payment deposited to their bank account by May 2nd.

    Those with Social Security numbers ending in 21 to 75 will get their direct deposits by May 9th and those with Social Security numbers ending in 76 to 99 getting their deposits by May 16th.

    It'll take longer for those receiving paper checks.

    The rebates were the centerpiece of the government's $168 billion economic stimulus package enacted in February and are designed to bolster consumer spending and lift the economy out of the doldrums.

    While many economists believe the country has fallen into a recession, President Bush last week disputed that contention, saying he believed it was a period of slower growth, not an full-blown recession.

    "It's obvious our economy is in a slowdown, but fortunately we recognized the signs and took action," Bush said Friday in announcing that the rebates were going out a few days earlier than expected.

    The rebate checks are coming as the IRS wraps up sending out the normal refund checks to taxpayers based on their 2007 tax returns which taxpayers had to file by April 15th.

    More Stories
    Apartment Fire Investigated

    Shooting Victim Identified

    A Woman on a Mission

    Driver Critically Hurt in Crash

    TB Case Investigated

    Couple Sentenced in Child Abuse Case

    The House That Jack Built

    Auction Gets Home Sold

    Post Your Comments
    First Name:
    Location:
    Enter Comments: characters left
    Email (optional):
    Email will not be displayed on site. For station contact purpose only.
    Read Comments
    Comments are posted from viewers like you and do not always reflect the views of this station.
    Posted by: Cassidy on May 18, 2008 at 04:51 PM
    I haven't gotten my check it was supposed to be direct deposit. I don't have any back taxes or child support, i filed taxes, so i am wondering were in the world it is at

    Posted by: Just Me Location: Omaha on May 2, 2008 at 10:19 PM
    My rebate check will be used to pay off the taxes that i owe so my check will not help economy at all i wonder how many people will actually use thier rebate check to help the economy???

    Posted by: to T Location: Nebraska on May 2, 2008 at 09:20 PM
    The incentive was for the children who qualified for the rebate, and as far as I understand only 2 children are allowed the child income relief, any other children are not included for the initial tax refund in the first place. Just think of those people who have 5-8 kids, they'd basically get off real good at tax season while everyone else gets a meager amount. It's only fair that only two children count while the others don't. Be happy you got that amount, not everyone is going to be as lucky as you.

    Posted by: T Location: iowa on May 2, 2008 at 06:37 AM
    i got my rebate today but we have 4 kids and my husband and i we only got 1,800. by the math i was taught it should have been 2,400 whats up with that. We live on only 1 income and that extra money was needed for clothes and food.

    Posted by: MICHAEL Location: 60108 on May 1, 2008 at 10:11 PM
    IM going to use mine for a 40 ft. moving van,so long suckers.............

    Posted by: Cindy on May 1, 2008 at 11:37 AM
    IT WOULD HAVE BEEN NICE TO KNOW THAT EVEN IF YOU OWE PAST TAXES AND ARE PAYING ON A MONTHLY PAYING PLAN THAT YOU WILL NOT GET A REBATE CHECK. IF YOU ARE PAYING MONTHLY PAYMENTS WHY NOT GET SOMETHING? SOME PEOPLE HAVE TO HAVE LESS TAXES TAKEN OUT OF THERE PAY CHECKS JUST TO SURVIVE. WELL I GUESS THOSE THAT OWE WONT GET ANYTHING AND THAT MEANS LESS TO STIMULATE OUR ECONOMY.

    Posted by: Homer Newman Location: Omaha on Apr 30, 2008 at 06:59 PM
    I suggest possibly giving your "rebate" to a charity. www.myangelsamongus.org is an up and coming charity. This will allow those of you afraid of paying for taxes on it to get another break. Just my opinion.

    Posted by: Over taxed! Location: Midlands on Apr 30, 2008 at 12:33 PM
    A perfect example of a complete lack of understanding of simple economics: "if you can't pay your current bills...I.E. the National Debt, you do NOT give your money away"! 1 1 is NEVER > 2! It didn't work last time & it won't now! People are being "prepaid" for next year's tax rebate (for this year's taxes). There is NO EXTRA money! Everyone will utilize it to pay down existing debt. It will NOT stimulate the economy! It will dig a deeper National Debt hole! The country needs to live within its budget! That budget includes reducing the National Debt! Congress MUST be held accountable! We ALL must live within our income budget & so should the Country! Stop wastefull spending & fraud! Eliminate Generational Welfare AND benefits to illegals!!! STOP rewarding US companies for taking their businesses overseas & then importing the goods back into the US!! Control oil & gas prices! We have to bite the bullet while oil companies hall in record profits...what's wrong with this picture?!

    Posted by: ED Location: OMAHA on Apr 30, 2008 at 09:06 AM
    Here's to all of the people who complain about the high taxes in Nebraska --- MOVE!!!

    Posted by: To Daisy on Apr 30, 2008 at 12:10 AM
    People who owe federal debt ESPECIALLY child support shouldn't get any sort of rebate from the government...they should be taking care of their children...& they should be in JAIL for not paying their child support....when "their" portion of the stimilus $$ is given to whom it is owed it will be used to support the economy, if I were guessing the mom who has gone w/o child support will use it to feed & clothe her children. I am excited to get mine...

    Posted by: Delancey Location: La Vista on Apr 29, 2008 at 04:05 PM
    It is sad how many citizens will need to use this rebate to catch up on bills. Here's hoping for better times and a better economy after the next election!

    Posted by: to Lee Location: Omaha on Apr 29, 2008 at 03:29 PM
    You will need every dollar to pay the taxes here. good luck.....

    Posted by: Almighty Location: christensen on Apr 29, 2008 at 03:07 PM
    I have yet to recieve mine as well and I filed my taxes through H&r Block so I will have to wait to get a paper check in the mail and that could be another two - three weeks down the road which is going to be a bit of a finacail hinderance to me but I think I can manage for two wweeks

    Posted by: To Jennifer on Apr 29, 2008 at 03:04 PM
    You are obviously learning a lot in college. Free money? This is a tax rebate meaning we already paid it. Not to mention the growing deficit in this country that we will pay for in the form of higher taxes. Tell me what school you got to so I can be sure not to send my children there.

    Posted by: dc Location: omaha` on Apr 29, 2008 at 02:32 PM
    Just sign it over to the oil company of your choice.

    Posted by: Daisy Location: omaha on Apr 29, 2008 at 01:26 PM
    The stimulus plan sounds so good and anyone that is eligible to get one should be grateful because its a bonus we didn't expect. Sad news for the ones who were told they would get it but unfortunately have a federal debt. Anyone who doesn't know,if you have a federal debt, owe child support or owe state taxes your stimulus check will got towards that debt, which could be good for that taxpayer but its not helping bust out economy at all and isn't that the purpose of the stimulus plan anyways? The taxpayer won't even get to see that check. It will automatically go towards that debt. How many people have federal debt or owe child support? tons of people do living in th US....so all of this could be a down fall that can actually make the stimulus plan fail to its purpose. I know this because it just happened to someone I know.

    Posted by: Jennifer Location: Omaha on Apr 29, 2008 at 01:10 PM
    Well to tose who complain about recieving their rebate and dont want it, I will gladly take your rebate. I could use the extra money to pay my college tution. Be happy you are getting a check I qualified except for one thing, I went to college right out of high school classifying me as a dependant, so dont complain about free money.

    Posted by: Anonymous Location: Bellevue on Apr 29, 2008 at 12:58 PM
    From the looks of it the people making $80,000 a year or more are going to benefit more from this. Or am I seeing things wrong? If so aren't they the ones keeping the economy going because they're about the only ones who can afford anything beyond food, gas, shelter, and utilities. And if they aren't helping matters already, how is giving them more in the incentive going to make things any better? And most of them say they have to pay bills with the money. Everyone else (35,000 and below) are just as likely going to have to use the money to pay bills, how is this going to help the economy? Sure the checks are going to be great (until OPPD, MUD, etc gets their hands on them), but the govt really needs to look at the problem and make things right there. Not hand out a little bit of money and try to persuade people to buy material things when people have a hard time putting food on the table already because of high prices, those that they choose not to regulate.

    Posted by: jason on Apr 29, 2008 at 12:39 PM
    I'm taking my $600 and going over to stimulate the economy of the Harrah's casino!!

    Posted by: Got mine Location: Omaha on Apr 29, 2008 at 12:28 PM
    Sent it back-Gov't needs it more than I do. I'll write it off.

    Posted by: Lee Location: Maine on Apr 29, 2008 at 11:56 AM
    My wife and I are using our stimuluses to move back to Omaha this summer. Can not wait to get back to my wife's hometown. I miss it very much and with our 8 grandkids out there going to make it sweeter to move back.

    Posted by: Anonymous Location: Omaha on Apr 29, 2008 at 11:35 AM
    Haven't rec'd mine yet. Should have yesterday.

    Posted by: wheres my refund Location: omaha on Apr 29, 2008 at 10:38 AM
    Has anyone received the rebate yet

    Posted by: CS Location: Millard on Apr 29, 2008 at 09:20 AM
    I will gladly accept our check but sadly, it is going to pay off my gas card and my mastercard that also has gas charged on it. Sorry, but I won't be stimulating the economy with my refund - it will be gone in about 2 days.

    Posted by: T Location: Omaha on Apr 29, 2008 at 08:24 AM
    Many of the comments here support my thoughts that the rebate is a bad stimulus - just paying off old debt will have no positive effect, and the huge increase in government debt to pay for the checks will slow down the economy later.

    Posted by: Lori Location: omaha on Apr 29, 2008 at 08:17 AM
    We're honestly going to do our part to stimulate the economy and use ours to finish off our kitchen remodel project. And NO, it isn't taxable income. The one we got back during Bush's first term wasn't, why would this one be?

    Posted by: Mike Location: Somewhere in geosync orbit. on Apr 28, 2008 at 10:28 PM
    Either throw it in the bank/Investments, or buy a sweet gas conservative vehicle like a bike, skateboard, skates, or maybe a scooter? i know what i think ill do save half and buy the other! =')

    Posted by: Frank Location: Wahoo on Apr 28, 2008 at 09:47 PM
    I am just going to sign mine over to George W. Bush, after all he has investments in oil. Why do you think he is doing so little to stop the price of oil from going through the roof.

    Posted by: Mary O. Location: Omaha on Apr 28, 2008 at 08:53 PM
    My rebate is going to spent paying off gasoline cards and then will continue to pay for gasoline. Here's a way to stimulate the economy... lower our taxes, build more oil refineries, find alternative sources of fuel to fill our tanks. Six hundren dollars is gladly accepted, but it doesn't address the long-term problems that we citizens have. In a couple of weeks, we'll be right where we are now... broke.

    Posted by: ??? on Apr 28, 2008 at 04:58 PM
    Hey Taxpayer!? Just where does it say you have a right to cheap gas in this country? Do you really think Bush has power to control the price of a commodity sold world wide? Wow...many of you need to take some Econ 101. Please learn how supply and demand work. Me, I'm gladly going to take back my hard earned money. I'm sick of the government taking it and giving it to slackers!

    Posted by: Laura Location: Omaha on Apr 28, 2008 at 04:55 PM
    If you don't want yours, I will take it!

    Posted by: jeremy Location: omaha on Apr 28, 2008 at 04:51 PM
    Everybody complains about the war and the gas prices but has there been any terrorism in the united states since the war has started besides what has been commited by americans shooting up schools and malls and if everybody cares so much about the gas prices how come we keep useing so much fuel . Most of the gas being used is just being wasted on recreational use . America is over weight lets knock out two birds with one stone and get out and walk more . It just seems easier for people to complain than to do what we can as individuals to try to fix the problem . Im glad the government is sending the rebates im going to do what every one should do and waste all that money on what ever my kids want .

    Posted by: Rebate on Apr 28, 2008 at 04:25 PM
    I think sending them back would be a good idea - if it went back to pay the debt and interest. China owns so much of us already.

    Posted by: Nicole Location: Omaha on Apr 28, 2008 at 04:08 PM
    If you all really have questions about the rebate then go to the irs website. Here is what I found about if they are taxable. Is my Stimulus Payment taxable? A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment. Q. If my Stimulus Payment is not going to affect my 2008 tax refund or increase the tax I owe next year, why is it I need to retain the letter that lists how much I received? A. In the event you do not qualify for the full amount on your 2007 return but you do on your 2008 return, you will need to have the letter as a record of the amount you previously received. [New 4/11/08]

    Posted by: to Dan and Taxpayer on Apr 28, 2008 at 04:02 PM
    No we will not be taxed on this. Its a tax refund.

    Posted by: g Location: fre on Apr 28, 2008 at 03:41 PM
    The people that are complaining that they don't want them and yes you will pay taxes on the money, do you think the government is going to pay it, I think not. Give it away to a charity it will then also be tax deductable. You win some you lose some. Get over it and I as well as many others will use the money wisely I'm sure. I need a down payment on some new digs to live. Thats how i'll be spending mine.

    Posted by: T Location: Omaha on Apr 28, 2008 at 03:20 PM
    To B - the House and Senate voted for this. You really need to study up on your civics.

    Posted by: T Location: Omaha on Apr 28, 2008 at 03:19 PM
    I am one of those high income taxpayers who are paying for yours and do not qualify for one.

    Posted by: MOM Location: OMAHA on Apr 28, 2008 at 03:07 PM
    Gas prices are horundus food prices are high it the least they can do considering the way everyone screws us middle class people who work hard and are not on welfare. They just keep sticking to us over and over. WE PROBABLY HAVE TO PAY IT BACK.

    Posted by: d Location: omaha on Apr 28, 2008 at 02:59 PM
    For those of you who are bashing President Bush for sending out the refunds, simply send them back. Liz and T, if you don't want the checks I am sure any homeless or the food bank would take the money. Or better yet, send it back to the IRS.

    Posted by: Bill Location: Omaha on Apr 28, 2008 at 02:27 PM
    For all those complaining about the rebate, I have a suggestion: Sign it over to Mayor Fahey for his new ball park! My wife and I will use ours to pay off some bills.

    Posted by: Taxpayer Location: Bellevue on Apr 28, 2008 at 01:47 PM
    If Bush wants to help the economic situation, maybe he should stop the high price of oil and gas. And yes at the end of the year we will be paying taxes on it. And if McCain gets in office, we will continue to be in Iraq and most likely Iran also. We need a permament solutions not a shot in the arm, that most of us will use to buy food and pay bills with

    Posted by: Dan Location: Omaha on Apr 28, 2008 at 01:04 PM
    Do i have to pay taxes on this income next year?

    Posted by: B Location: Omaha on Apr 28, 2008 at 12:55 PM
    Hey T, What incumbants? This is Bush's baby and he can't be an incumbant.

    Posted by: to T Location: omaha on Apr 28, 2008 at 12:36 PM
    Judging by the tone of your comment, are you going to refuse the check??

    Posted by: Liz Location: Omaha on Apr 28, 2008 at 12:08 PM
    This is another massive transfer of wealth from taxpayers (borrowing from ourselves) to the financial services industry that cheated us (most of the money will be used to reduce consumer debt).

    Posted by: T Location: Omaha on Apr 28, 2008 at 11:35 AM
    What a waste - a huge run-up of our federal debt, that our kids will end up having to pay off. As far as I am concerned, it was just an attempt by incumbents to buy votes - to cause voters to overlook their elected representatives enacting laws that caused the bubble in the first place.

    Media Partners