I'm 17 Years elderly, Will I seize the Economy boost levy credit?
Hello. I'm 17 years old and made over $4,000 surrounded by the year of 2007. I know the requirement to get the credit is that you must own filed your taxs and made over 3,000 contained by 2007. I meet that requirement. I turned 17 surrounded by September 2007. So I will I get the $600 due credit or no? Will my age stop me from getting it? Someone please help me.
Answers: Your age won't stop you from getting it, but if you be claimed as a dependent, you aren't eligible.
And by the way, if your mother claimed you and you also took an exemption for yourself, consequently you and your mom will both be getting letters from the IRS - you can't both claim you.
Even if she didn't claim you, you wouldn't draw from $600 unless you paid that much contained by net income levy, which is very unlikely - you'd more potential get the minimum $300.
Your age won't stop you, but your dependency status might. If you are claimed as a dependent by your parents or guardian, you are not eligible for a stimulus plan settlement. (If you're not a dependent, you'd qualify for $300.)
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Answers: Your age won't stop you from getting it, but if you be claimed as a dependent, you aren't eligible.
And by the way, if your mother claimed you and you also took an exemption for yourself, consequently you and your mom will both be getting letters from the IRS - you can't both claim you.
Even if she didn't claim you, you wouldn't draw from $600 unless you paid that much contained by net income levy, which is very unlikely - you'd more potential get the minimum $300.
Your age won't stop you, but your dependency status might. If you are claimed as a dependent by your parents or guardian, you are not eligible for a stimulus plan settlement. (If you're not a dependent, you'd qualify for $300.)