Today's Tax Tip

That other stimulus payment

Fully 15% of filers made a mistake related to the "recovery rebate credit," according to an IRS review of returns filed early this year. This credit is available to taxpayers who are eligible to receive additional money from the fiscal stimulus enacted by the Bush administration in 2008. The amount paid last May-July was $600 individual and 1200 married.

Some filers are claiming more money than they're eligible for; others are entering on their tax return the amount of the stimulus payment they received in 2008. That's wrong -- the space on the tax return is for claiming additional money.

If you did not qualify for the rebate based on your 2007 tax and would have qualified using 2008 income, you can claim the credit on this years taxes.