In case you didn't know it yet, the economic stimulus holder precisely offers a one-time rebate advantage for tax payers. All said, you may qualify for this advantage if you fall under the following categories:
* You have not received your economic stimulus payment.
* If you received less than the maximum 2008 economic stimulus payment, which amounts to 0 for individual taxpayers and ,200 for married couples who filed jointly. You did not get the full estimate because your qualifying or gross earnings was whether too high or too low.
* You had a new baby in 2008.
* If you could be claimed as a dependent on man else's return, but cannot be claimed as a dependent on an additional one tax return in 2008.
* If you didn't get a valid public security estimate in 2007 but received one in 2008.
To claim your economic recovery rebate credit, you need to fill in Form 1040, 1040A or 1040Ez. On these forms you will see instructions on which lines to use. Unlike the economic stimulus payment which is a detach benefit, the rebate credit will be included in your 2008 tax reimbursement for. You will not be issued a detach check.
How much credit can you get? To make your life easier, you can simply have the Irs form it out for you. But if you are filing electronically, the tax software should automatically do the math for you.
On the Irs website you can use the recovery Rebate credit Calculator to help you form how much you should claim on your 2008 return. To use this tool, you will need the estimate of your 2008 stimulus payment, if there is any. You can find the estimate on notice 1378 or the Economic Stimulus payment Notice, which the Irs sent to taxpayers. If you didn't get the notice, use the How Much Was My 2008 Stimulus payment highlight on the Irs website.
see page How to Claim Your Stimulus package Tax Rebate see page
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