You didn’t expect this hastily approved stimulus rebate deal to go off without a single hitch, did you?

And now the stories are coming in about rebates being sent via mail instead of direct deposit, rebates being deposited into IRA accounts designed for retirement, and rebates ending up in the wrong taxpayer’s bank account.

Anyone have such a story to share?

The IRS has a list of frequently asked questions about the rebate. And they’ve made an exception for taxpayers who had directed their tax rebate into an IRA and either don’t want their stimulus to go towards retirement or can’t have their stimulus payment applied to the IRA because it would bump them over the maximum IRA limit. Read more here.

I’m still expecting mine to come in July. And in a way, it’s a good thing to have to wait because it gives me time to mull over all of my options– from the flat screen to the plane tickets to a GPS for the car. Maybe by the time the check’s in my hot little hands, the urge to splurge will be long gone and I’ll stick it in my just in case account or new car account where it belongs.

This entry was posted on Tuesday, May 20th, 2008 at 6:16 pm and is filed under Uncategorized, taxes. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.