Report Says Wisconsin Would Get More than $2 Billion in Rebates

By: Associated Press
By: Associated Press

A state report says Wisconsin residents will get an estimated $2.1 billion in income tax rebates from the federal government as part of the stimulus plan aimed at boosting the national economy.

The Wisconsin Department of Revenue report estimates that 2.4 million federal rebate checks, averaging $877, will go out to state taxpayers and some other residents starting as soon as May 2nd.

Economist David Ward, president of NorthStar Economics in Madison, says Wisconsin residents likely will fare a little better than the national average when it comes to the refunds.

He says that's because a high percentage of Wisconsinites work and pay taxes, which are factors in determining who gets a check and how big it will be. But he says relatively few state residents make salaries high enough to disqualify them from the rebates.

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