Rebate Checks on the Way: Be Prepared

Beginning May 2, millions of people will begin receiving rebate checks from the IRS as part of the economic stimulus package. Most retailers are eyeing these rebates as a way of boosting their sales, and many already have plans to offer special targeted sales to get shoppers to spend the cash at their stores. Small business owners should consider this a prime opportunity and be proactive about marketing their products and services to consumers looking to spend the extra cash. Most individual taxpayers will see checks in the amount of $600. Married couples who qualify for the full amount can expect twice that with an additional $300 per child. The federal government is issuing more than 800,000 rebate checks electronically in the first wave this week. Hit with a barrage of questions regarding this year’s tax rebates, the IRS recently launched a fairly helpful EconomicStimulusPaymentsInformationCenter on their si... [Read Full Article]