# Quick GW tax incentive program Q

**URL:** https://forums.speedlife.net/t/quick-gw-tax-incentive-program-q/46060
**Category:** NYSpeed Off Topic
**Created:** [April 1, 2008, 7:56pm UTC](https://forums.speedlife.net/t/quick-gw-tax-incentive-program-q/46060 "2008-04-01T19:56:42Z")
**Posts on this page:** 11
**Page:** 1

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### Author: ![system](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/2X/b/b7170c8eddc0b95ece6b88172b2f416a08489a45.png) [@system](https://forums.speedlife.net/u/system)
#### Post date: [April 1, 2008, 7:56pm UTC](https://forums.speedlife.net/t/quick-gw-tax-incentive-program-q/46060/1 "2008-04-01T19:56:42Z")

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I apologize if this is a repost, did a quick search and did not find what I wanted to know.

This whole GW tax incentive has me slightly confused…

My question is this… since I am claimed as a dependent on my parents tax return (still a student), will I be receiving the $500 ? I have heard both sides and cannot seem to find a solid answer.

Thanks in advance.

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### Author: ![ILCisDEAD](https://avatars.discourse-cdn.com/v4/letter/i/a87d85/32.png) [@ILCisDEAD](https://forums.speedlife.net/u/ILCisDEAD)
#### Post date: [April 1, 2008, 8:41pm UTC](https://forums.speedlife.net/t/quick-gw-tax-incentive-program-q/46060/2 "2008-04-01T20:41:48Z")

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[http://www.irs.gov/app/espc/](http://www.irs.gov/app/espc/)

try that

worked for me i guess i get 300 bucks

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### Author: ![system](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/2X/b/b7170c8eddc0b95ece6b88172b2f416a08489a45.png) [@system](https://forums.speedlife.net/u/system)
#### Post date: [April 1, 2008, 8:44pm UTC](https://forums.speedlife.net/t/quick-gw-tax-incentive-program-q/46060/3 "2008-04-01T20:44:19Z")

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> [@ILCisDEAD](#):
>
> [http://www.irs.gov/app/espc/](http://www.irs.gov/app/espc/)
> 
> try that
> 
> worked for me i guess i get 300 bucks

> Economic Stimulus Payment Calculator

> You do not qualify for an economic stimulus payment

> The Economic Stimulus Act of 2008, which authorized the pre-payment of this one-time credit, stipulates that the payment is not to be made to any of the following:

> Individuals who can be claimed as a dependent on someone else’s tax return;

☹ I guess i do not qualify. Thanks for the link though, very helpful.

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### Author: ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)
#### Post date: [April 1, 2008, 8:58pm UTC](https://forums.speedlife.net/t/quick-gw-tax-incentive-program-q/46060/4 "2008-04-01T20:58:51Z")

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your parents get extra money for you. i would hit them up for it.

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### Author: ![matter](https://avatars.discourse-cdn.com/v4/letter/m/97f17d/32.png) [@matter](https://forums.speedlife.net/u/matter)
#### Post date: [April 2, 2008, 3:36am UTC](https://forums.speedlife.net/t/quick-gw-tax-incentive-program-q/46060/5 "2008-04-02T03:36:47Z")

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^ they only do if they meet the requirements for claiming him as a dependant

1. Full time student under 24 years old
2. Not enrolled in college full time is 19 and under

oh and your parents will only get their extra $300/kid for the stimulus package if you are 17 or under… fine print reading! make sure they know thisss

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### Author: ![newman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newman/32/7569_2.png) [@newman](https://forums.speedlife.net/u/newman)
#### Post date: [April 2, 2008, 4:51am UTC](https://forums.speedlife.net/t/quick-gw-tax-incentive-program-q/46060/6 "2008-04-02T04:51:59Z")

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> Economic Stimulus Payment Calculator  
> You do not qualify for an economic stimulus payment

> According to law, the economic stimulus payment amount that everyone other than married couples filing jointly would otherwise be entitled to receive is reduced by 5% of the amount that their Tax Year 2007 Adjusted Gross Income exceeds $75,000. You would have been eligible for an economic stimulus payment of $300, but your AGI exceeds $75,000 by enough to reduce that amount to zero.

> However, if your situation changes during 2008, you may be able to claim an economic stimulus credit on your Tax Year 2008 return.

well, this is what i figured, but here it is in writing.

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### Author: ![Xander](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/xander/32/7597_2.png) [@Xander](https://forums.speedlife.net/u/Xander)
#### Post date: [April 2, 2008, 7:05am UTC](https://forums.speedlife.net/t/quick-gw-tax-incentive-program-q/46060/7 "2008-04-02T07:05:16Z")

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> [@newman](#):
>
> well, this is what i figured, but here it is in writing.

I’m sure all the people making less than you feel bad for you.

X…

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### Author: ![newman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newman/32/7569_2.png) [@newman](https://forums.speedlife.net/u/newman)
#### Post date: [April 2, 2008, 7:20am UTC](https://forums.speedlife.net/t/quick-gw-tax-incentive-program-q/46060/8 "2008-04-02T07:20:21Z")

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i feel bad for me. 😛

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### Author: ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [April 2, 2008, 7:30am UTC](https://forums.speedlife.net/t/quick-gw-tax-incentive-program-q/46060/9 "2008-04-02T07:30:39Z")

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> [@newman](#):
>
> i feel bad for me. 😛

Its not like I would turn it down if they were offering :shrug:

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### Author: ![system](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/2X/b/b7170c8eddc0b95ece6b88172b2f416a08489a45.png) [@system](https://forums.speedlife.net/u/system)
#### Post date: [April 2, 2008, 9:25am UTC](https://forums.speedlife.net/t/quick-gw-tax-incentive-program-q/46060/10 "2008-04-02T09:25:57Z")

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> [@matter](#):
>
> ^ they only do if they meet the requirements for claiming him as a dependant
> 
> **1. Full time student under 24 years old**  
> 2. Not enrolled in college full time is 19 and under
> 
> oh and your parents will only get their extra $300/kid for the stimulus package if you are 17 or under… fine print reading! make sure they know thisss

They’ll get it, but I doubt i’ll get my folks to fork it over.

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### Author: ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)
#### Post date: [April 2, 2008, 9:29am UTC](https://forums.speedlife.net/t/quick-gw-tax-incentive-program-q/46060/11 "2008-04-02T09:29:21Z")

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> [@maxwell](#):
>
> They’ll get it, but I doubt i’ll get my folks to fork it over.

Seeing as they support your ass.😛
