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Economic Stimulus Eligibility for individuals claimed as dependent

 

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Subject Author Date
Economic Stimulus Eligibility for individuals claimed as dependent Jahan 06-04-2008
Posted by Jahan on June 4, 2008, 3:45 pm
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I am looking for an answer to the follwoing question.

Can an individual, who is claimed as a dependent on his/her parents’
tax returns, eligible to receive economic stimulus rebate if he/she
files a separate income tax?

The answer I am looking for addresses a few variations to the above
scenario:
i. The individual is under the age of 17 with no qualifying income.
ii. The individual is over the age of 17 with no qualifying income.
iii. The individual is over the age of 17 with a qualifying income of
or more than $3000.

Would you please provide link to appropriate authority to back up the
answer.
Thank you very much.

-J

========================================= MODERATOR'S COMMENT:
See about 3/4 of the way down on this FAQ about anyone who can be
claimed as a dependent not being eligible for the rebate
http://www.irs.gov/newsroom/article/0,,id=179181,00.html

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Posted by Herb Smith on June 4, 2008, 4:40 pm
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> I am looking for an answer to the follwoing question.
>
> Can an individual, who is claimed as a dependent on his/her parents’
> tax returns, eligible to receive economic stimulus rebate if he/she
> files a separate income tax?
>
> The answer I am looking for addresses a few variations to the above
> scenario:
> i. The individual is under the age of 17 with no qualifying income.
> ii. The individual is over the age of 17 with no qualifying income.
> iii. The individual is over the age of 17 with a qualifying income of
> or more than $3000.
>
> Would you please provide link to appropriate authority to back up the
> answer.

> ========================================= MODERATOR'S COMMENT:
> See about 3/4 of the way down on this FAQ about anyone who can be
> claimed as a dependent not being eligible for the
rebatehttp://www.irs.gov/newsroom/article/0,,id=179181,00.html

As our esteemed Moderator has tactfully pointed out, ANY person who is
the qualified DEPENDENT of another is NOT eligible for a Stimulus
Payment. This is true for any of the scenarios you bring up related to
age (under or over 17), income, or filing your own return. The point
is clear: You are a DEPENDENT and, by definition, you are NOT
ELIGIBLE. If you don't like that, take it up with your congressperson.

See the FAQs on the IRS website for more information .

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Condor on June 5, 2008, 12:55 am
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> Would you please provide link to appropriate authority to back up the
> answer.

See the definition of "Eligible Individual" included by Congress in H.R.
5140, Economic Stimulus Act of 2008. The reference to "a deduction under
section 151" in subsection (B) means the individual was or could have been
claimed as a dependent.

http://www.govtrack.us/congress/billtext.xpd?bill=h110-5140

`(3) ELIGIBLE INDIVIDUAL- The term `eligible individual' means any
individual other than--

`(A) any nonresident alien individual,

`(B) any individual with respect to whom a deduction under section 151 is
allowable to another taxpayer for a taxable year beginning in the calendar
year in which the individual's taxable year begins, and

`(C) an estate or trust.



Condor

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Jahan on June 9, 2008, 6:24 pm
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Thank you very much. It was helpful

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

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