Rebate credit for dependent

[thomtax]

Do I have this correct? The rules that qualify the dependent are the same as the rules for the child tax credit.

Thanks for confirming or pointing out my erroneous thinking.

LT

[Burke]

Yes, you are correct.

[thomtax]

Burke - Thanks for confirmation.

LT

[Black Bart]

Well, I''m lookin',

but I can't find any info on it other than they have to be a dependent and under age 17. Where'd you run across it, Burke?

A lot of things about this rebate biz aren't so clear to me. For instance, I was thinkin' (up until a day or two ago) that a single guy with no kids and a tax liability of say, $195, would get back the minimum of $300 plus his $195 tax owed for a total rebate of $495. Not so -- accordin' to what I'm now reading, the $195 is absorbed by the $300 minimum and he'd have to have a tax liability of at least $495 to get $495 and a tax liability of at least $600 to get the maximum $600. Have I got all that right (maybe don't tell me if not, 'cause there's no tellin' what I've said about to all those pore innocent souls I've fixed 'em up for)?

[Burke]

I think you are right in your figuring as far as I understand it. But I thought it was 10% of the refund, subject to a minimum $300, maximum $600 for single persons. I have avoided telling anybody anything definite for that reason except for the mailing schedule which came out. As for the dependent qualification, I have seen it in a number of places, probably first on the NATP website, as well as subsequent updates. But in checking my Economic Stimulus Act of 2008 file where I print out such things, I think you will find it on the IRS website as well.

(https://www.irs.gov/newsroom/article...179181,00.html) for FAQ's, page 3.

My print-out is dated 2/25/08.