March 17th, 2008, 08:04 PM
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Utility Bot
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Join Date: Feb 2005
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Economy - Monday
(Investor's Business Daily)
Investor's Business Daily - The IRS will begin sending the first of more than 130 mil economic stimulus payments on May 2 and expects to complete the first round of payments by early July. The IRS said the payments -- tax rebates of about $600 for most middle-income individuals and $1,200 for middle-income couples -- will be sent in order of the last two digits of the taxpayer's Social Security number. Taxpayers must file an '07 tax return to get payments, which start phasing out at $75,000 for singles and $150,000 for married couples. The payments are part of a $152 bil stimulus plan passed last month. View the Entire Article
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