For tax year 2008, how do I claim the Recovery Rebate Credit when I e-file?
The Recovery Rebate Credit is figured like last year’s economic stimulus payment, except that the amounts are based on tax year 2008 instead of tax year 2007. Although you are not asked to enter any information specifically for the Recovery Rebate Credit, for e-filing, this credit will be computed automatically for you (if you qualify) based on income earned only on wages and nontaxable combat pay. If you wish to claim the Recovery Rebate Credit with any of the qualifying income identified below: • SOCIAL SECURITY BENEFITS • NON-TAXABLE VETERANS DISABILITY • DEATH BENEFITS YOU MUST FILE A HARD-COPY WITH THE DEPARTMENT OF REVENUE AND TAXATION AND USE FORM 1040A OR 1040. IN ADDITION, DOCUMENTATION MUST BE ATTACHED TO YOUR TAX RETURN SHOWING THAT YOU RECEIVED THE QUALIFYING INCOME.
