We May Have Found Your Stimulus Rebate Check!
Oh Eureka. So we are hearing from quite a number of people that they haven’t received their economic stimulus check yet, myself included. Well after we got a hot tip, (thank you Greg) the mystery has revealed itself. No thanks to the IRS mind you…
According to Turbo Tax, the difference comes about when you get to the end of the filing process. You have a choice of paying for the filing to the federal government and the state with a credit card outright, or by having the filing fees taken out of your refund, provided you qualified for one. You must have had a completed tax return on file by the deadline, April 15th 2008, in order to receive the stimulus check by the normal given time.
In the event that you went with the first option, to pay for it outright at the time of filing, there should be no issues. However, if you had the fees taken out from your refund, like I did, then you will not be receiving your check like the rest of the class.
What ends up happening on Turbo Tax’s back-end is that when you opt for fees to be taken from your refund, a small temporary bank account is created on your behalf for the refund to pass through, ergo, Turbo Tax is given the window to scrape out their dues. Then this little temp account gets deleted and we continue to hurdle on in our busy lives. Unfortunately, this magical temporary account is the last thing the IRS knows about as far as giving you money. And naturally, they don’t do this very often so they get confused. When they went to go pump up your account they got a bounce back and your check gets tossed into the snail mail pile to be sent later than what you expected, hence everyone wondering where their check has run off to.
You will get your check, but you better check your mail and be aware of when yours is to come if it was mailed. Spend wisely!
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Comments
bullshit,if i nown that i,d wood have paid my money up front.i need the money nowww.now i have to wait 4 more weeks for a paper check. pissed off
@Ryan: Your frustration is surely felt among many…who could have known this little loop hole was out there?
What is going on? I should have received my check May 9th. Direct deposited at that. Then I hear strangers are getting other peoples checks. When and how long am I having to wait for my check?
@Lynn: Did you file using software such as TaxAct or TurboTax? I wouldn’t worry about not receiving your check until the deadline passes for you to receive a paper check.
My son works and goes to school he filed his taxes, but he is still living with us and we claim him, we support his schooling. Does he recieve a stimulus check also?
@ PC - If your son made at least $3,000 dollars last year he should also receive a stimulus check. If not, perhaps you received the $200 for claiming him?
Thank you for the information regarding the whereabouts of my tax rebate check. It was very helpful, although it didn’t make me happy!