Taxpayer asks:
I recently did my taxes through Turbo tax and during the process Turbo tax informed me that I qualify for a rebate of $300.00 (stimulus payment) beings I did not work 2007 and missed out on the 2008 rebate. Here is what turbo tax said “your situation has changed, and you qualify for a rebate of $300.00 when you file your 2008 return” The IRS has approved my taxes and i am just waiting for the check in the mail. My question is will I get the $300.00 or should i at lest get the $300.00 with my tax return? If not how or when will I get the refund? Is there anything i need to do to make sure i get the refund? Thank you!!
Taxgirl says:
If you qualify to receive the rebate this year (because you didn’t qualify last year or your situation has changed), you don’t need to take any further steps beyond filing your return. The credit will be applied towards any refund you might be due. On its site, the IRS states very clearly that “taxpayers will receive a single refund that includes any recovery rebate credit to which they are entitled. The IRS will not be issuing separate recovery rebate credit payments.”
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I had the exact question, and this does help! My situation is almost exactly the same (I was considered a dependent in 2007, but not in 2008), Turbo Tax and all.
However I did not get the $300 with my tax refund! According to Turbo Tax at the time I filed, they said also that it should be included with my refund. Any recommendations?
Hey Brian –
See my prior answer on this at this set of comments about the RRC . It is a VERY popular question these days! 🙂
Follow up: According to one of the comments I found on another question, the IRS is taking longer to cough up the $300 than normal.
http://www.taxgirl.com/ask-the-taxgirl-do-i-qualify-for-the-recovery-rebate-credit/#comment-8589
Doesn’t seem to follow what the IRS’s website says however. Anyone have any ideas or experience with this situation?
The IRS web site says no delays but that is not what taxpayers and tax pros are reporting. It’s not even logical that they would deny it. The Service has already indicated that early indications are that 15% of returns have RRC issues – that’s about 1 out of every 7 returns. You can’t tell me that, with those kind of numbers, the IRS isn’t taking a little longer to process those returns…
Well I guess it wouldn’t hurt to call the IRS’s RRC phone number they have listed. By all accounts, my situation appears to be pretty cut and dry and fits the qualifications for eligibility.
I’ll post here when I find out whats going on! If the original poster can tell us how they fared, that would be great too!
Here we go, it appeared it WAS delayed by a week to be exact.
I just got it today! Everything is well!