[Vision2020] rebate checks

[Tom Ivie]

Donovan,
I think what you are referring to is the dependent exemption. The child tax credit is different from the exemption and other deductions that may be obtained because of a child living in your household. I feel fairly confident in guessing that Saundra filed form 1040 which would require form 8901 for the child tax credit. She was probably still able to claim her daughter as a dependent and subsequently as an exemption. If she chose to itemize, she would also be able to claim certain expenses (health, etc.) for her child.  Hope that helps. -Tom

Donovan Arnold <donovanjarnold2005 at yahoo.com> wrote: Saundra,
   
  I believe that you can keep your children on your tax returns until 21 or 23 if they are still in school. I would ask your tax people on that one. If not, they changed the law recently.
   
  Best Regards,
   
  Donovan

Saundra Lund <sslund_2007 at verizon.net> wrote:
  I will be using mine to partially reimburse myself for the increased taxes I
had to pay on income that was income on paper only :-( Oh, and for those
who don't know, parents lose the child credit the tax year in which their
child turns 17, not 18, which was another unpleasant surprise.

And, once I partially reimburse myself, I'll be able to get the new glasses
I'd budgeted for before the feds and state raped me. Depressingly, I've
reached the age where I'm going to  need progressive lenses -- I'd hoped to
be able to hold out until I hit 50, but that didn't happen. 

I'd not have a single complaint about having to hand over more money on
paper income it we had universal health care, though.


Saundra Lund
Moscow, ID

The only thing necessary for the triumph of evil is for good people to do
nothing.
~ Edmund Burke

***** Original material contained herein is Copyright 2008 through life plus
70 years, Saundra Lund.  Do not copy, forward, excerpt, or reproduce outside
the Vision 2020 forum without the express written permission of the
author.*****


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Tom & Liz Ivie
       
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