That is not true according to all of the sources I have seen.
"Q. How quickly will the tax cut provide rebates to taxpayers? A. The Treasury Department will begin sending out refund checks of between $300 and $600 beginning July 20. "
But that only explains when I am getting my check, and for how much. It does not explain that it is a credit towards next year's taxes.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.