Previous Story
More rebate/refund checks released on non-payroll weeks
|
Posted on Nov 15 2011
By Haidee V. Eugenio
Reporter
Reporter
Taxpayers may have to be a bit patient waiting for their 2010 rebate/refund checks.
Press secretary Angel Demapan said yesterday that the Department of Finance has been releasing close to $500,000 worth of checks every non-payroll week, and smaller batches on payroll weeks.
While the administration has yet to provide information as to the total amount of rebate/refund checks issued since middle of October, Demapan said “the administration will work diligently to ensure the timely release of such checks.”
Some taxpayers have been hoping to receive their rebate/refund checks either before Thanksgiving or before Christmas.
A 54-year-old San Jose resident said the few hundred dollars she expects to receive in refund/rebate will go toward household obligations, and not for buying new stuff.
“I hope to receive it before December,” she said.
Others were able to receive their checks in mid-October, when the Department of Finance mailed out some $1 million worth of rebate, refund, and federal stimulus checks.
After the initial release of the first batch of some 1,000 checks, the following batches have since been issued every two weeks on an increment of close to $500,000 or less, so taxpayers may just have to wait for their turn to get their checks.
The Fitial administration is looking at the release of a total of 12,000 checks amounting to $7 million to $8 million by December, including the ones that were already mailed out starting in October.
A refund is for tax that has been overpaid or incorrectly paid, and is returned to the taxpayer, while rebate is for tax properly paid and is subsequently returned to the taxpayer under a rebate provision.
