When can you expect your money? That is one of many questions being asked about the 2009 economic stimulus rebate check. There are so many topics to consider. Let’s start with eligibility.

Did you receive an economic stimulus check in 2008? Did you receive the full amount? If you answered no to either of those questions then, you may still have a chance to get a check into your pocket. If you did receive a rebate and can’t remember the amount, you can go to the IRS website to find out.

Did you know this year it is called the Recovery Rebate Credit? We all know how fast tax subjects change. That’s why I depend on Turbo Tax to keep it all current with the latest cutting edge calculating tools and knowledge. Who has the time to read and understand all of the changes with each new tax season?

Some Things to Consider

• Keep accurate records.
• Make sure you know the amount of the stimulus check if you received one
• Online software makes it so easy. The calculator tool will determine your rebate for you.
• Has your status changed?
• Did you get married this year?
• Did you gain a qualifying child?
• Are you a college student and will claim yourself for the first time?

This year you will not need to run to the mailbox to see if your 2009 economic stimulus rebate check has arrived. It will not be sent out as a separate mailing. If you are eligible for a rebate, it will be added to your refund. If you happen to owe money this year, it will be deducted from the amount you owe.

This unusual second chance at tax money known as the Recovery Rebate Credit will show up on all three 1040 Forms. Line 70 of the long version, line 42 of the 1040A and line 9 of Form 1040EZ.

Good News
If you did receive a stimulus check last year, you do not have to pay it back and you do not have to claim it on your 2008 taxes! Now you may even have the possibility of getting more money. If you happened to be overpaid last year, guess what? No worries. The IRS says you can keep the cash without any tax ramifications.

If you find this information as exciting as I do and want to learn more then, visit TurboTax Online to get the full story on the 2009 economic stimulus rebate check or currently called the Recovery Rebate Credit.