The Treasury Department announced today that the special tax rebates will arrive five days earlier than the originally scheduled May 2 release date.
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Thanks to a faster than expected computer program, 800,000 tax filers daily will get rebates on Monday, Tuesday and Wednesday. No rebates will be distributed on Thursday, and 5 million payments will be made on Friday.
Overall, the Treasury will distribute more than $110 billion to 130 million taxpayers by July and hopes to get the first $50 billion out by the end of May.
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