News in Brief - 2008 Economic Stimulus Package

There is a buzz about the land concerning the new tax rebates. Now, this is all still pending, but here's where it stands at the moment.

Each household will receive up to $600, depending on income, with an additional $300 per child, up to a maximum of $1200 per family. The package is still going through congressional approval, but the treasury department hopes to have checks in the mail within a couple of months.

If the plan pans out, many Americans will be getting a tax break at right about the same time as their income taxes are due.