Comments on: Economic Stimulus Payments are now Recovery Rebate Credits – will you get yours?

By: Michael

Michael — Mon, 30 Nov 2009 15:09:04 +0000

@Jackie: There was no RRC (you may be referring to something other than this blog topic) in August of 2009.

By: jackie

jackie — Mon, 30 Nov 2009 00:59:36 +0000

I was just wondering if people who are low-income families and receive food stamps but not cash benefits will be getting a rrc in December like they did back in august for their children.

By: Michael

Michael — Fri, 17 Apr 2009 12:22:04 +0000

@MK: If you did not receive a $300 check in 2007, you’ll qualify for the RRC when you file your 2008 tax return. Yes, it’s a one-time deal.

By: MK

MK — Thu, 16 Apr 2009 22:18:32 +0000

Hey there..I am slightly confused by all this. I may need to get more information from my stepdad.. but here is what I know:
My stepdad’s accountant did my taxes for me last year. I turned 17 in December of 2007. I do not know if he claimed me as a dependent or not… But from what I gather, if he did, he didn’t get the $300 for me. If he didn’t, should I have been eligible for the stimulus payment last year? I did make more than $3000 and am eligible in every other way.
Also, if you got a stimulus payment last year, then you get nothing this year, correct? So it was a one time deal?

By: Michael

Michael — Mon, 30 Mar 2009 14:28:43 +0000

@nam: Sorry. She needed to have her Social Security numebr during 2008 to potentially qualify for the recovery rebate credit. Even though the credit is paid during 2009, it is based on 2008 tax data.

By: nam

nam — Mon, 30 Mar 2009 14:13:44 +0000

I did not get stimulus in 2008 as my wife did not have a SSN. She Got her SSN now in 2009(and not 2008) so are we still eligible for recovery rebate credit? IRS website says if you got in 2008 you are eligible but no mention about if you got in 2009.

By: Michael

Michael — Sat, 28 Mar 2009 16:36:49 +0000

@Paula: Theoretically, the IRS should catch your mistake and give you the additional $300 if you qualify. Give it a few weeks and if you haven’t heard anything, take a deep breath and give them a call.

By: paula

paula — Sat, 28 Mar 2009 04:38:11 +0000

sooo I recieved a $300 stimulus check last year. I made just over $3000 this year and already filed my taxes. Im an independent. What is this “line 70 on the 1040″ ? I dont think I did that. Does that mean i wont be eligible for the other $300 in my recovery rebate????

By: Michael

Michael — Sat, 21 Mar 2009 02:53:14 +0000

@KP: I missing a lot of facts here so I’ll do my best to answer you. If you received a $2,100 stimulus payment last year as a separate check, you’re done – no RRC for you. The RRC is only for those who didn’t qualify for the maximum last year but do this year. The difference between what you qualify for based on our 2008 return vs. what you qualified for based on your 2007 is your RRC and it will be part of your income tax refund. There will not be a separate check mailed as there was with the original stimulus payment a year ago.

By: KP

KP — Sat, 21 Mar 2009 02:20:02 +0000

I filed my return this year MFJ, as the same of last year we have 3 kids, to the point HR Block prepares our taxes and we were told that we would receive the RRC this year and it calculated the RRs for. We were also told it would be mailed and not part of our original refund. Is this not true? Because this is what HR Block is telling their clients. Thanks.