Tax Tip Of The Day: Recovery Rebate Credit

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 irs-sealBy Gregg Semanick-New Jersey‘s IRS Spokesperson

If you did not qualify or did not receive the maximum amount for the 2008 Economic Stimulus Payment you may be entitled to a Recovery Rebate Credit when you file your 2008 tax return.  Carefully review the tax return filing instructions including the Recovery Rebate Credit worksheet.  Consider filing electronically using an e-file program to ensure you properly calculate the rebate amount.

For more information on IRS tax tips, go to the IRS.gov web site at www.irs.gov.


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