Does the Stimulus Package puzzle you and do you have questions that you just can't seem to get answers too, well here are some of the most frequently asked questions about the economic stimulus rebate which have been released by the Internal Revenue.
Some of the questions concern when the rebate will be received, how much a person qualifies for, and some direct deposit issues that have arisen.
It's surprising how many different direct deposit issues the IRS discusses in a separate FAQ dealing just with direct deposit issues. In fact this page helped answer a perplexing questions. She paid her tax using the electronic withdrawal feature available in tax software programs.
If the IRS has your bank account information, you naturally expect to receive the rebate by direct deposit to the same account. It turns out, however, that the IRS will be mailing checks to people who used this electronic payment feature. (No reason is given for why the IRS couldn't just use the bank information to issue a direct deposit, but I suspect there might be some sort of technical explanation involved.)
Similar issues have arisen around various loan products issued by retail tax franchises and software companies. Taxpayers who used direct deposit in conjunction with a refund anticipation loan or a refund anticipation check will receive their rebate by check as well.
If you have questions about your rebate, you can use the Where's My Stimulus Payment? application on the IRS Web site, or call the IRS at 1-800-829-1040.
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