If you did not receive an economic stimulus check last year, you just may qualify for a recovery rebate credit this year – particularly if your income and eligibility circumstances have changed.
If you qualify, this payment can either do one of two things: Increase the amount of your overall return – or lower your overall tax liability.
Are You Eligible?...
If you fall into any one of the categories below, you just might qualify to receive the Recovery Rebate Tax Credit this year:
• You didn’t receive an economic stimulus check last year
• You didn’t receive the Maximum rebate payout in 2008 which was - $600 for individual tax payers and $1200 if you married filing jointly – because your gross income may not have been the right qualifying amount
• Your family expanded in 2008 with an additional qualifying child
• You were claimed as a dependent on another person’s 2007 tax return. But for 2008, you cannot be claimed as a dependent on anyone else's tax return
• You did not have a valid Social Security Number in 2007 but you received one in 2008
If you qualify, this payment can either do one of two things: Increase the amount of your overall return – or lower your overall tax liability.
Are You Eligible?...
If you fall into any one of the categories below, you just might qualify to receive the Recovery Rebate Tax Credit this year:
• You didn’t receive an economic stimulus check last year
• You didn’t receive the Maximum rebate payout in 2008 which was - $600 for individual tax payers and $1200 if you married filing jointly – because your gross income may not have been the right qualifying amount
• Your family expanded in 2008 with an additional qualifying child
• You were claimed as a dependent on another person’s 2007 tax return. But for 2008, you cannot be claimed as a dependent on anyone else's tax return
• You did not have a valid Social Security Number in 2007 but you received one in 2008
If you matched with any of the above categories, you just may qualify!
VISIT HERE: for the final test of "Who qualifies for the tax rebate?"
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