Quote:
Originally Posted by ohhgodd  Nightowl,
How did you get the rebate as well? If someone is under 17, wouldn't it be just natural to claim them as a dependent, anyway? My son's didn't really make enough money to matter when they were under 18, and they still usually got most of their tax money back in return.
On our end, I will tell you how it seems unfair. When a child is over the age of 17, and you aren't getting the benefit of the child tax credit, the child you had claimed-if they filed on their own- would get back more money than if you had claimed them. At least in our case.
The reason why we amended our tax return, is because I did the math and my 19 yo, who had income, qualified to receive more back from the government, then if we claimed him. So we filed the amended returns so he would receive not only his complete tax return, but also qualify for the tax stimulus check. |
Our son is more than 17. We figured the taxes both ways, and it was better for us to keep him as our dependent and to give him what he would have received had he not been claimed as a dependent.
Others with kids might was to refigure their taxes and see if they want to amend their returns like you did.
Personally, I find this whole give-a-way nuts. I would much rather see the $ go towards stimulating the economy by investing in repairing our infastructure and stimulating job growth. But, I don't run the zoo ...