Stimulus Check Mix-Ups

Hundreds of Americans received more than their fair share of government stimulus checks. According to a report by Newsday, about 1,500 tax rebate checks issued by the IRS were directly deposited into the bank accounts of people who already received their payments or others who were not supposed to receive the money. One-hundred and thirty million people are expected to receive rebate checks between early May and July. Some of those checks will be directly deposited, others mailed.

According to a source cited by Newsday, a Long Island man discovered $1,800 in his account. Newsday says the man checked with his bank and was told the money was supposed to have gone to a person with a different social security number. IRS spokesman Kevin McKeon admitted that there had been some payments deposited into wrong accounts, but it was merely a small percentage compared to the total number of checks already issued.

What do you do if you receive too much, or don’t get your money at all? Report it to your bank and to the IRS. You can find out how to contact your local IRS office here.

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Posted Friday, May 16th, 2008 at 4:17 pm Comments 0
Filed Under Category: In the News
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