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  • JG EA
    Senior Member
    • Jul 2005
    • 2176

    #1

    T T B

    I just got my Tax Books!!!!!

    I have a question. Forgive me if it has already been discussed.

    If last year a dependent was 18 and the parents couldn't get the stimulus rebate for her and this year she is 19 and not a dependent - she can get take it this year? It seems to work, but I have to read in this new book I just got, but thought I'd ask anyway.
    JG
  • veritas
    Senior Member
    • Dec 2005
    • 3290

    #2
    The TaxBook?

    Mine is probably in the Dalles now, waiting to float on down the Columbia. Hopefully the natives don't net it at Celilo Falls.
    Last edited by veritas; 12-29-2008, 09:26 PM.

    Comment

    • dtlee
      Senior Member
      • Oct 2005
      • 807

      #3
      Originally posted by JG EA
      I just got my Tax Books!!!!!

      I have a question. Forgive me if it has already been discussed.

      If last year a dependent was 18 and the parents couldn't get the stimulus rebate for her and this year she is 19 and not a dependent - she can get take it this year? It seems to work, but I have to read in this new book I just got, but thought I'd ask anyway.
      Yes she can.

      Eligibility for the stimulus rebate credit is based on the 2008 return. Eligibility for the stimulus payment was based on the 2007 return. She is eligible for the credit for 2008. The amount of the credit is reduced by any payment received. Since she was not eligible for the payment, she gets the full credit computed for 2008.
      Doug

      Comment

      • Earl
        Senior Member
        • Mar 2006
        • 249

        #4
        Stimulus Rebate

        What if parents received the $300 for her as dependent. This year she is not a dependent. Can she get full rebate credit.

        Comment

        • taxmom34
          Senior Member
          • Nov 2008
          • 732

          #5
          parents couldn't get the rebate, dependent was 18

          Comment

          • JG EA
            Senior Member
            • Jul 2005
            • 2176

            #6
            Thanks, seems almost too good to be true doesn't it?
            JG

            Comment

            • Lion
              Senior Member
              • Jun 2005
              • 4698

              #7
              Arrived

              My Tax Books just arrived. Idiot UPS man dumps packages in my driveway in front of the garage and basement doors. No shelter or overhang, and boxes have actually blown into the forest (or been dragged by animals) or been run over by the next truck. No tip for the UPS man this holiday season. Not unless he shows up at the front door.

              Comment

              • veritas
                Senior Member
                • Dec 2005
                • 3290

                #8
                Got

                my book today!

                Comment

                • Earl
                  Senior Member
                  • Mar 2006
                  • 249

                  #9
                  Stimulus Rebate

                  What if person was a dependent last year and parent qualified for $300 stimulus rebate.
                  Now this year person no longer a dependent and qualifies on own income for stimulus credit.
                  Can they receive the full $600 credit.

                  Comment

                  • dtlee
                    Senior Member
                    • Oct 2005
                    • 807

                    #10
                    Originally posted by Earl
                    What if person was a dependent last year and parent qualified for $300 stimulus rebate.
                    Now this year person no longer a dependent and qualifies on own income for stimulus credit.
                    Can they receive the full $600 credit.
                    Yes.

                    The computation for the RRC is based on the 2008 return and that amount is reduced by any ESP already received. Since the person was a dependent in 2007, the ESP would be zero and the person could be eligible to receive up to $600 as a RRC.

                    RRC=Recovery Rebate Credit
                    ESP=Economic Stimulus Payment
                    Doug

                    Comment

                    • Lion
                      Senior Member
                      • Jun 2005
                      • 4698

                      #11
                      And,...

                      And, if mom claimed kid last year and divorced dad claims kid this year, then mom got the $300 last year and dad will get the $300 credit this year.

                      Comment

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