How Does The 2008 Economic Stimulus Payment Affect My 2008 Tax Return?
If you did not qualify for the stimulus payment On 2008 Federal tax returns there will be a section where the payment will be claimed as a credit. Taxpayers who did not qualify last year, may qualify for a rebate credit when they file the 2008 tax return. If you did receive the stimulus payment There will be no effect to your 2008 tax return if you received the maximum allowed rebate. If you happened to receive more than the allowed amount when filing your 2008 tax return, you will not be affected. However, if you received less than the allowed amount when you file 2008 taxes, you will receive the difference back in the form of a tax credit.
