[Vision2020] rebate checks

Fri May 9 17:41:42 PDT 2008

Bev,

  Thanks for explaining that. I was getting the tax credit and deduction confused as the same thing. But this makes since to me now. Thanks.

  Best Regards,

  Donovan

Bev Bafus <bevbafus at verizon.net> wrote:
      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:
      @font-face {   font-family: Wingdings;  }  @font-face {   font-family: Cambria Math;  }  @font-face {   font-family: Calibri;  }  @font-face {   font-family: Tahoma;  }  @page Section1 {size: 8.5in 11.0in; margin: 1.0in 1.0in 1.0in 1.0in; }  P.MsoNormal {   FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman","serif"  }  LI.MsoNormal {   FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman","serif"  }  DIV.MsoNormal {   FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman","serif"  }  A:link {   COLOR: blue; TEXT-DECORATION: underline; mso-style-priority: 99  }  SPAN.MsoHyperlink {   COLOR: blue; TEXT-DECORATION: underline; mso-style-priority: 99  }  A:visited {   COLOR: purple; TEXT-DECORATION: underline; mso-style-priority: 99  }  SPAN.MsoHyperlinkFollowed {   COLOR: purple; TEXT-DECORATION: underline; mso-style-priority: 99  }  P {   FONT-SIZE: 12pt; MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in; FONT-FAMILY: "Times New
 Roman","serif"; mso-style-priority: 99; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto  }  SPAN.EmailStyle18 {   COLOR: #1f497d; FONT-FAMILY: "Calibri","sans-serif"; mso-style-type: personal-reply  }  .MsoChpDefault {   mso-style-type: export-only  }  DIV.Section1 {   page: Section1  }        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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