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Last Edited: Friday, 25 Apr 2008, 12:48 PM CDT 
Created: Friday, 25 Apr 2008, 12:40 PM CDT 
 
Those tax rebate check will be arriving a little sooner than expected, with checks beginning to going out starting Monday. (MyFox)  SideBar
Who gets a payment?
* $600 to singles making less than $75,000
* $1,200 to couples making less than $150,000
* $300 rebates per child
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MyFox National Reports

Those tax rebate check will be arriving a little sooner than expected, with checks beginning to going out starting Monday.
President Bush said tax rebates should help Americans cope with rising gasoline and food prices, as well as aid a slumping economy.
"The money is going to help Americans offset the high prices we're seeing at the gas pump, the grocery store, and also give our economy a boost to help us pull out of this economic slowdown," Bush said Friday in remarks on the South Lawn of the White House.
So who gets a payment and how much? Singles filers making less than $75,000 will receive $600; Couples making less than $150,000 will get $1,200; and there is an additional $300 rebates per child. Roughly 130 million households are expected to get rebate checks.
An online calculator is available where people can estimate their tax rebate check based on their 2007 income tax return.
And the Tax Cat at the Consumerist blog debunks five myths surrounding the rebate checks.

Myth #5: The tax rebate is taxable income and I'll have to pay taxes on it next year.
Fact: The rebate is a rebate. It is not taxable income. You will not have to pay taxes on this money.
The IRS put together this handy table outlining the "Stimulus Payment Schedule for Tax Returns - Received and Processed by April 15" :
Direct Deposit Payments
If the last two digits of your Social Security number are:
00 – 20 (sent to you bank account by May 2)
21 – 75 (sent to your bank account by May 9)
76 – 99 (sent to your bank account by May 16)
If the last two digits of your Social Security number are:
00 – 09 (sent by check in the mail by May 16)
10 – 18 (sent by check in the mail by May 23)
19 – 25 (sent by check in the mail by May 30)
26 – 38 (sent by check in the mail by June 6)
39 – 51 (sent by check in the mail by June 13)
52 – 63 (sent by check in the mail by June 20)
64 – 75 (sent by check in the mail by June 27)
76 – 87 (sent by check in the mail by July 4)
88 – 99 (sent by check in the mail by July 11)
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I can't wait!