What to Do If You Received Too Big of a Rebate Check


You'd think the issuance of rebate checks would be smooth considering this isn't the first year they've been sent to encourage taxpayers to spend, but there have been several bumps in the road to stimulation. While this error certainly isn't as bad as sending rebate checks to incorrect bank accounts, it does require the attention of those rightfully receiving payment.

Several Americans have been overpaid with doubled rebate checks while many others are still waiting to receive their checks. Find out what to do if you've been overpaid when you read more.

Some people will receive an additional check because they didn't get the $300 child credit like they should have, and in those cases the checks can be deposited without hesitation. If you receive an additional stimulus check don't cash it and return the check to the IRS.

According to the IRS, you should write VOID on a paper rebate check and return it with a note to the IRS center where you filed your tax return, and if you e-filed or a tax professional filed for you simply visit the IRS website and locate the appropriate address. You should notify your bank if you received the erroneous payment through direct deposit and they will fill you in on the proper procedures.

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