[Vision2020] rebate checks

[Bev Bafus]

Donovan-
You can claim your child as a dependent until they are 24 if they are in
school full time, or practically forever if they are disabled.

However, you do not get a child tax credit starting the year they turn 17.
The deduction and credit are two separate things.

The criteria for extra money with the rebate follows the child tax credit
rules.

Sandra is right.

Thanks
Bev
  -----Original Message-----
  From: vision2020-bounces at moscow.com
[mailto:vision2020-bounces at moscow.com]On Behalf Of Donovan Arnold
  Sent: Thursday, May 08, 2008 9:44 PM
  To: Saundra Lund; 'Paul Rumelhart'; 'Vision2020'
  Subject: Re: [Vision2020] rebate checks


  That is really strange it was not all over the news.

  Best Regards,

  Donovan

  Saundra Lund <sslund_2007 at verizon.net> wrote:
    Sadly, my accountant is the one who informed me  L  I don’t know when
the change was made.
    http://www.irs.gov/taxtopics/tc606.html


    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.*****

    From: Donovan Arnold [mailto:donovanjarnold2005 at yahoo.com]
    Sent: Wednesday, May 07, 2008 11:54 PM
    To: Saundra Lund; 'Paul Rumelhart'; 'Vision2020'
    Subject: Re: [Vision2020] rebate checks

    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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