IRS Tax Tip: Tips to Avoid Errors on Recovery Rebate Credit

According to the IRS, the recovery rebate credit may be available for those of your clients who did not get the economic stimulus payment last year. But chances are if they did get the economic stimulus payment, they can't claim the recovery rebate credit on their 2008 federal income tax return. Get quick links on IRS.gov to help you determine whether your clients qualify for the credit and how to claim it.

Posted by Min Young Choi, Associate Editor, Wealth Strategies Journal.