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    Patricia18's Avatar
    Patricia18 Posts: 1, Reputation: 1
    New Member
     
    #1

    Jun 19, 2008, 07:02 AM
    Tax Law
    My son was still 17 when I filed my taxes. Why do I not get $300 for qualifying child for him included in my stimulus check?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
     
    #2

    Jun 19, 2008, 08:24 AM
    Straight from the IRS site:

    " The Internal Revenue Service will mail out approximately 350,000 additional economic stimulus payments starting in early July after discovering that some tax returns were improperly filed and did not capture the information needed to generate the $300 in qualifying child payments.

    In some instances, taxpayers did not check the proper box to trigger the $300 child payment. In other instances, a few tax software products primarily used by tax professionals did not capture the proper information needed for issuing the child stimulus payment.

    To fix the problem, the IRS is taking extra steps to identify the affected taxpayers and send them separate checks to cover their qualifying children. The IRS emphasized that the corrected checks will be mailed automatically, and taxpayers don't need to call or take any additional steps.

    The vast majority of tax returns with child payments were completed accurately by taxpayers, tax professionals and software providers. The IRS estimates that more than 99 percent of nearly 36 million returns eligible for child stimulus payments were filled out accurately by taxpayers, meaning that less than 1 percent will need the additional check mail-outs.

    The additional payments involving qualifying children will be made starting in early July. These payments will be made by paper check, even if people received their regular tax refund or initial stimulus payment by direct deposit.

    Taxpayers in this situation received — or will receive in the next few weeks — stimulus payments falling $300 short per eligible child."
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #3

    Jun 19, 2008, 10:35 AM
    Only the dependent who is not over 16 in 2007 is eligible for tax rebate.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
     
    #4

    Jun 19, 2008, 10:46 AM
    Quote Originally Posted by MukatA
    Only the dependent who is not over 16 in 2007 is eligible for tax rebate.

    Is that over 16 at the end or beginning of the tax year? (I think it says under 17 but it's the same thing, of course.)

    I believe it's as of December 31st because I believe there have been challenges but I'm not sure.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #5

    Jun 20, 2008, 09:01 AM
    If the dependent turns 17 ANYTIME in 2007, no rebate!

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