If you’re expecting a tax stimulus rebate payment, your wait just got shorter. While the original tax rebate payment schedule called for payments to begin on May 2nd, a new computer system has allowed the feds to accelerate the schedule. Payments are now supposed to commence this coming Monday, four days early.
According to the new schedule, 800, 000 tax filers per day will receive direct deposit payments on Monday, Tuesday, and Wednesday. No payments will go out on Thursday, and then 5, 000, 000 payments will be made on Friday. They’re hoping to get $50 billion out of the total $110 billion rebate program distributed by the end of May.
If you happen to be one of the lucky early recipients, please be sure to stop back in and post a comment when your payment arrives.