Who is eligible for the tax rebate check?
May 17, 2009
Stacy O asked:
I am currently a student in college, but I work during breaks from school (summer and Christmas breaks). I get pretty much all my taxes back, but my parents claim me as a dependent on their taxes. Will I still get the tax rebate check because I am single and a tax payer?
I am currently a student in college, but I work during breaks from school (summer and Christmas breaks). I get pretty much all my taxes back, but my parents claim me as a dependent on their taxes. Will I still get the tax rebate check because I am single and a tax payer?
3 Responses to “Who is eligible for the tax rebate check?”
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May 18th, 2009 at 11:12 pm
No, dependents aren’t eligible. Sorry. If you owe any tax for 2008 though, you’ll get the benefit next year of a tax cut.
May 20th, 2009 at 6:50 pm
If your parents claim you as a dependent, you will be ineligible for the rebate, but you may still benefit under the plan.
While the rebate depends on your 2007 status and income, it is actually a rebate toward your 2008 taxes. According to the Economic Stimulus Act of 2008, taxes would be cut in 2008 from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.
So if you have taxable income in 2008, you will see a tax cut when you file in 2009.
May 23rd, 2009 at 8:57 am
No, only people who are NOT claimed as dependents are eligible.
The conditions for the tax rebate are:
- Not claimed as a dependent by someone else
- Have at least $3000 in wages, railroad or Social Security pensions
- File a tax return