Economic Tax Stimulus Check Package Rebate Refund for 2008 2009

First thing first did you file for a stimulus check in 2008? If yes, then you are good to go. If not, then you lost the train, you would need to file for a stimulus check in 2009. 

Anyways moving on, Considering you applied for a stimulus check in 2006 you most likely would have received it by now. Your stimulus payment from last year should not be included as income when you file your 2008 tax return. This amount is called a Recovery Rebate Credit .

Its also important that you check IRS Tax Bracket for this year.

where can i find how much Stimulus Check is worth or Stimulus Payment Amount in 2008?

Thankfully IRS provides a great service to find out the Stimulus check Amount. You can go here

Now you know all the details about your stimulus check but do you need to file taxes on your stimulus check?

As we stated earlier, you do not need to file taxes on your stimlus check. there is a massive amount of confusion among people who believe they need to file taxes on their stimulus payment check. Its totally wrong. We will explain why?

The whole idea behind the Economic Tax Stimulus Package and Tax Stimlus check is the government wants to give your money back during this financial crisis. If they have charge you for taxes, it really doesnt make any sense.

Please note that if you received the economic stimulus payment last year, you will not qualify for the recovery rebate credit on your 2008 federal income tax return. That means you will have to pay taxes this year. 

You cannot claim this credit if you have already received the maximum amount of the credit in the form of your Economic Stimulus Payment. So, you cannot claim the credit if:

-You received (before any reductions that paid back taxes, etc.) an Economic Stimulus Payment of $600 ($1,200 if married filing jointly) and you have no qualifying children.

-You received (before any reductions that paid back taxes, etc.) an Economic Stimulus Payment of $600 ($1,200 if married filing jointly) plus $300 per qualifying child, and you do not have additional qualifying children in 2008.

Note: If you have not yet received your stimulus check 2009 and need money urgently, we found that there are some government grants to be given away in 2009. These grants are open for all americans but hardly anyone knows about them. We strongly suggest you apply for such government grants which can give you free grant money (non-repayable) of upto $30000. Imagine What you can do with this free government money given away each year. Start applying for government grant in 2009