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Does the IRS take back the 2008 stimulis money out of your 2009 tax return?
Wiki User
∙ 15y ago
No.
The confusion arises because you essentially are given a "second chance" to get the stimulus.
In 2008 you received (or in some cases, didn't receive) a stimulus check based on the income, taxes, and number of children that you reported on your 2007 tax return (Form 1040/1040A/1040EZ). Because of low income or low taxes shown on their 2007 return, some people did not receive the maximum amount. Other people did not receive anything at all because someone could claim them as a dependent on their 2007 tax return. And some people did not receive credit for all of their children because the children were born in 2008.
In 2009, you again calculate how much of a stimulus payment you are eligible to receive based ONLY on the information on your 2008 return. If this is more than the amount you already received, you get back the additional amount. If it is the same or less than the amount you already received, then you just forget about it and get to keep the difference.
Wiki User
∙ 15y ago
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Can You still get my tax refund check from 2007?
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