Bush Signs Tax Rebate Bill February 13, 2008

President Bush signed a $168 billion economic stimulus package on Wednesday, February 13 that will extend rebates to U.S. taxpayers, give tax breaks to businesses and make more-expensive mortgages available through the government and government-sponsored mortgage-finance companies.

IRS Says: Tax Rebate Checks to Go Out in May

Tax rebate checks will begin going out in May, Treasury Secretary Henry Paulson said after the House's passage of a Senate-approved $167 billion economic stimulus package Thursday. Paulson said the process of sending the checks would be completed by the end of summer.

Senate Passes Economic Stimulus Bill

The Senate today added payments for seniors and disabled veterans to an economic stimulus package approved by the House that would send checks to most American families, then overwhelmingly approved the $151 billion shot in the arm to the U.S. economy, 81-16.

Senate Passes $170 Billion Tax Rebate Bill

The Senate Thursday passed by an overwhelming margin an approximately $170 billion economic stimulus package. The Senate accord was reached after days of bickering and passed 81-16. It keeps the House-passed rebate check amounts of $300 to $600 for people who have an income between $3,000 and $75,000, plus $300 per child. Couples earning up to $150,000 would get $1,200. The plan also gives checks to more than 20 million Social Security beneficiaries and 250,000 handicapped veterans and their widows.

Tax Rebate Video

Video about the Tax Stimulus Package as of February 7, 2008 from CNN.com.

How Will You Spend Your Tax Rebate Check? (WOAI San Antonio)

A few hundred bucks in free money could go a little or a long way for you and your family. How do you plan to spend your tax rebate check? See the poll results.

How would you spend the tax rebate? (The Muskegon Chronicle)

Unexpected money is always nice if you're on the receiving end. About 117 million individuals and families will get just that under a tax rebate program announced Thursday afternoon. Most people will get $600 to $1,200, although some will get more and some will get only $300.