Saturday, January 23, 2010

If my wife was claimed as a dependent for 1/2 the year (we married in June) what will our stimulus check be?

Will we get $1200, or since she was claimed by both her parents and I, will we only be getting a $600 rebate check?If my wife was claimed as a dependent for 1/2 the year (we married in June) what will our stimulus check be?
Either your tax return includes an exemption for your spouse or it doesn't. Two tax returns cannot each have an exemption for the same person.





From your information, it appears that you filed a joint return with your spouse, but her parents claimed her as a dependent. This is allowed only in the situation where both spouses are not required to file, and if they file they do so only to receive a refund of taxes withheld.





If this is what occurred, then you will not be receiving a rebate. Since both you and your spouse are considered taxpayers on the return, and your spouse is a dependent on another person's return, your return does not qualify for a rebate.





However, if you filed a married filing separate return by yourself, then you would be entitled to a rebate for yourself.





So, by filing a joint return you got a larger standard deduction but no rebate. If you were disqualified from the rebate, your refund next year will be up to $1,200 larger.If my wife was claimed as a dependent for 1/2 the year (we married in June) what will our stimulus check be?
There's no way to be claimed for half a year. If you both claimed her (and by the way you can't ';claim'; a spouse although you can file a joint return), you'll both be hearing from the IRS to straighten it out. It's either/or - and since you are married if you filied a joint return you'll get the exemption, her parents won't.





Your rebate might be delayed while this is sorted out. But you should end up with whatever you qualify for - that's only $1200 if you paid that much federal income tax for the year, so could be $600 or somewhete in between depending on your tax liability.
Judy is 100% correct.





For income tax purposes, if you were married on the last day of the year you are considered married for the entire year.

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