Do I qualify for for the stimulus plan?

Under the Congressional compromise bill, if you are claimed as a dependent, your parents will be eligible for the additional $300 rebate for you as a dependent child.

Under this bill, you also would be eligible to receive a rebate of up to $600 if you paid that much in Federal Income Tax. If you only paid $350 in taxes (less than the $600 rebate limit), you only get back $350. If you had earned income of at least $3000, you would get at least the minimum rebate of $300.

While the rebate depends on your 2007 income, it is actually a rebate toward your 2008 taxes. According to the proposed plan, in 2008, taxes would be cut from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.

It's like a one time tax cut for 2008, but you get the rebate now instead of waiting to file your 2008 taxes. Because this is an advance payment on your 2008 taxes, your refund next year could be more (or less!) depending on your 2008 income.

yes you will qualify for the rebate as long as you earned more than $3000. your rebate will be $600 but remember you have to file a tax return in order to receive the tax rebate

It is NOT law yet, so nobody can give you an answer yet.