According to the law the third stimulus cannot be taken for federal debts or back taxes. Therefore if you meet the requirements then you will get the 3rd payment.
To be eligible you need to be a U.S. citizen or U.S. resident alien in 2020 and have a Social Security number that is valid for employment.
You cannot be claimed as a dependent by someone else to be eligible.
"Unlike the first two payments, the third stimulus payment is not restricted to children under 17. Eligible families will get a payment based on all of their qualifying dependents claimed on their return, including older relatives like college students, adults with disabilities, parents and grandparents" (IRS).
Please see How will the third stimulus impact me? for more information.
If you have not filed your 2020 tax return, the IRS will base your eligibility for the third stimulus on your 2019 tax return.
For the third stimulus, unlike the first two payments, your college student dependents will also be eligible for $1,400 each.
For the second stimulus, if you have not received it, you can claim it on your 2020 tax return as the Recovery Rebate credit.
In TurboTax Online, to claim the Recovery Rebate credit please do the following:
According to the law the third stimulus cannot be taken for federal debts or back taxes. Therefore if you meet the requirements then you will get the 3rd payment.
To be eligible you need to be a U.S. citizen or U.S. resident alien in 2020 and have a Social Security number that is valid for employment.
You cannot be claimed as a dependent by someone else to be eligible.
"Unlike the first two payments, the third stimulus payment is not restricted to children under 17. Eligible families will get a payment based on all of their qualifying dependents claimed on their return, including older relatives like college students, adults with disabilities, parents and grandparents" (IRS).
Please see How will the third stimulus impact me? for more information.
Thank you so much. And just so that I am correct, we haven't filed our 2020 taxes so that doesn't matter in this case as well? And we are under the AGI 150,000 and have two college students. Thank you again for your answer!
If you have not filed your 2020 tax return, the IRS will base your eligibility for the third stimulus on your 2019 tax return.
For the third stimulus, unlike the first two payments, your college student dependents will also be eligible for $1,400 each.
For the second stimulus, if you have not received it, you can claim it on your 2020 tax return as the Recovery Rebate credit.
In TurboTax Online, to claim the Recovery Rebate credit please do the following: