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Rebate Checks Prompt Retailers To Dangle Discounts

Sunday, April 27, 2008 10:06:54 PM
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Millions of Americans and thousands of Central Floridians will start receiving their economic stimulus checks Monday.

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WASHINGTON -- Retailers began dangling discounts in hopes that consumers would come into their stores and spend those rebate checks.

The government announced Friday they would start sending out rebate checks beginning this week.

More than 800,000 electronic payments were expected to be sent to tax filers per day on Monday, Tuesday and Wednesday, with an additional five million sent on Friday.

Staples used promotions to urge small business owners to spend their rebates. Until May 4, it was offering $50 off purchases of $500 or more.

Home Depot urged customers to use rebates to invest in the environment and cut energy bills, offering discounts through July on compact fluorescent light bulbs and Energy Star appliances.

Wal-Mart and Best Buy also had plans in the works in hopes of getting people to spend their rebates.

Depending on your circumstances, you could be getting back between $300 and $1,200.

President Bush hopes the extra money for Americans will help kick start the economy.

But many who spoke with News 13 said they've already got other plans for the cash.

“Putting it towards credit card debt. That or medical bills,” said Deanna Byler.

“Unfortunately, the boss says I have to buy her a ring, so that is all I get,” said James Morse.

To find exactly how much you will get, get your tax return and fill in the IRS Economic Stimulus Payment Calculator.

Direct Deposit
Last two SSN digits 00 through 20: May 2
Last two SSN digits 21 through 75: May 9
Last two SSN digits 76 through 99: May 16

Paper Check Mail Date
Last two SSN digits 00 through 09: May 16
Last two SSN digits 10 through 18: May 23
Last two SSN digits 19 through 25: May 30
Last two SSN digits 26 through 38: June 6
Last two SSN digits 39 through 51: June 13
Last two SSN digits 52 through 63: June 20
Last two SSN digits 64 through 75: June 27
Last two SSN digits 76 through 87: July 4
Last two SSN digits 88 through 99: July 11

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Do you think the rebate checks will help the struggling economy? Click here to see how other viewers voted in our exclusive News 13 iPoll.

Comment on this story.

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