In the 2020 Taxes my Father claimed me as dependent, and received the 3rd stimulus check. 2021 Taxes, I can claim myself. Do I select No to receipt of the 3rd stimulus?

[scunderwood71]

In the 2020 Taxes my Father claimed me as dependent, and received the 3rd stimulus check. For 2021 Taxe year, I can claim myself. Do I select No to receipt of the 3rd stimulus?  If I select no, my refund increases by $1,400.  Is this considered a duplicate stimulus payment?  Will my father be required to return the third stimulus check?

[VolvoGirl]

Good news!   If you were a dependent on a 2020 return but filing independent for 2021 you can get it now and they don't have to pay it back.  So say NO you did not get one because you didn't one, your parents got it.

The 3rd Stimulus payment is really based on 2021.  The IRS just sent the checks out using 2020 to get them out fast.

[xmasbaby0]

No your dad does not have to pay it back.   If you cannot be claimed as a dependent for 2021 then you can get the $1400 on your own 2021 tax return.   YOU did not receive the $1400---your father got that.   You can receive it thanks to a big loophole left by Congress when they wrote the law.

[VolvoGirl]

See IRS Topic B first question

Questions and Answers about the Third Economic Impact Payment — Topic B: Eligibility and Calculation...