Like with our Oklahoma return we'll probably use it to help cover the check I just wrote to pay our Federal tax bill . . . if we actually get one of them that is . . . our youngest is 18 and isn't the $500/kid only for kids 16 and under?
Correct, 16 and under if no one else is claiming them.
That is my understanding, anyways, I haven't researched it, as none of this applies to me.