Economic Stimulus Package: How Much Will You Get, and When?

Curious what Bush's Economic Stimulus Package 2008 means for your wallet? You could have extra cash -- as much as $1,800 for some married couple with two children -- after filing your taxes this April.

According to predictions, the payments, in the form of additional tax refunds, will begin to arrive in May or June 2008.

Cash: The economic stimulus package of 2008 may mean extra cash for many Americans.Photo by Adem KAYA

However, the payments of $600 per adult will be made to those who qualify -- ie, those who are legal residents with social security numbers and who earn enough to pay federal income taxes, but not more than $150,000 for married couples filing jointly.

Those who make too little -- or have too many deductions -- to pay federal income tax, but who still pay social security and "Payroll taxes" will be eligible for smaller checks, perhaps around $300 each, although details are sketchy.

The package, designed to help a faltering U.S. economy, may also include assistance for homeowners facing foreclosure, among other programs.

However, many fiscal conservatives doubt the long-term effectiveness of the plan, worrying that it may put the country further into trouble and increase the national debt.