clydewolf

Benryanv,

I am sure the treasury would not mind having that stimulus check returned.
That is not required.

Some folks that did not get the Recovery Rebate Credit last year will get it this year. Think of situations where a child was born into a family in 2008, they will receive $300 for that child. Other situations of annual joint custoday, last year one parent received the $300, this year the other parent can claim the money for the same child!

Also college students that are/were dependents on their parents tax return did not qualify for any of the benefit last year. If that student dropped out of college or hopefully graduated, they may qualify for a full $600 on their own tax return.

Because this is a tax credit, it will be used first to pay your tax bill. When their is excess credit the credit will be returned to the taxpayer.

There is a 29 line work sheet to go through to determine how much of this tax credit can be place on line 70 of your 1040 return. The worksheet begins on page 62 of the draft 1040 instructions: http://www.irs.gov/pub/irs-pdf/i1040.pdf