Accidentally Recieved Stimulus Check

[johnwick836]

Hi, so I applied for the stimulus check through the non-filers portal (never done taxes before) and did not mark the "can be claimed as a dependent" box, because I thought that since I was 20 and working I was independent. Later on, I realized that I COULD have been claimed as a dependent. I told my parents, and they did not claim me and said i'd be fine. The problem is, as i understand the stimulus only applies to people who cannot and weren't claimed as a dependent. So I was thinking I should amend my form and return the stimulus. So, a few questions here: 1. Am I correct in my reasoning? 2. If there is a second stimulus, would I also return that? 3. Should I wait for the E-file option to open later this summer to amend the form, or go ahead and send a paper amendment? 4. If I don't amend and I just do nothing, am I going to get contacted later in the future to return the funds/correct my form? What is the best route to take here? 

[Anonymous]

as of now, the IRS has issued no guidance as to what to do in situations like yours.  The actual computation of the credit will be done on your 2020 return. the original guidance by the IRS was you wouldn't have to repay any overpayment. However, whether that would include misrepresenting your dependency status was not addressed.    You should receive a letter regarding the stimulus payment.  there's a phone number you can call.