1580418
This comes directly from the IRS website:
For people who have little or no income and didn’t file a tax return or don’t receive any of the federal benefits listed above, they are also eligible for an Economic Impact Payment. They need to register with the Non-Filer tool on IRS.gov as soon as possible so they can receive a payment.
Although some filers, such as high-income filers, will not qualify for an Economic Impact Payment, most will.
Taxpayers likely won't qualify for an Economic Impact Payment if any of the following apply:
All Others $0 - $75,000 If you have 3 qualifying children, you would receive $1,500 ($500 for each) on top of the $1,200. Your EIP would be $2,700.
Does any of that above state that if you are an adult dependent on someone's tax return who is not a parent makes you ineligible to receive a stimulus check.... I mean they even have the 5% phase out... but even the children get $1200 regardless of the fact that they were claimed as a dependent. I don't see where all dependents are disqualified from stimulus and don't see some dependents are disqualified. So why don't i see that?
You'll need to sign in or create an account to connect with an expert.
Of course is says that. You posted who does NOT qualify. "You can be claimed as a dependent on someone else’s return."
That is rather clear. (It is NOT limited to the one "example" that they gave - it applies to ANY dependent.)
@LMills7170 wrote:
Does any of that above state that if you are an adult dependent on someone's tax return who is not a parent makes you ineligible to receive a stimulus check
Yes, it does state that. The test that you quoted from the IRS web site is a list of people who are NOT eligible for a stimulus payment. The bullet item that you highlighted in bold says that someone who can be claimed as a dependent is one of the people who are NOT eligible. You have already been told repeatedly in the answer to your previous question that an adult dependent is not entitled to any stimulus payment, regardless of income. It makes no difference who claimed the adult as a dependent.
@LMills7170 wrote:
but even the children get $1200 regardless of the fact that they were claimed as a dependent.
That's not true. I don't know where you got that idea. A child who is claimed as a dependent does not get any stimulus payment at all.
@LMills7170 wrote:
I don't see where all dependents are disqualified from stimulus and don't see some dependents are disqualified. So why don't i see that?
You don't see it because you are misreading the section that you quoted from the IRS web site. Maybe you overlooked the sentence that says "Taxpayers likely won't qualify for an Economic Impact Payment if any of the following apply." The list that you quoted is a list of people who do NOT qualify for a payment. One of the items in that list is anyone who can be claimed as a dependent.
So in 2020, I don't claim my adult friend as a dependent b/c he doesn't live with me the entire year. Will there be a 2021 stimulus check and since he couldn't be claimed as a dependent on anyone else's taxes then he'd more likely be eligible in 2021? If yes, then there is my answer. He'd just have to wait until next year.. that way i can give him his full $1200 now from my funds, form an agreement of repayment and recover it in 2021. Let me know if there will be a 2021 stimulus. All i need to know.
and quite frankly...the example given is not a good example if they just talked about it being on a "parent's" return... everyone doesn't know that dependent is not inextricably linked to parent always... so to use an example like that is confusing. You know it. I can tell in your response to me, that you know it's a bad example. But i digress..... i get it.. I don't agree with it...but it's the rules and i agreed to play by the rules.
@LMills7170 wrote:
So in 2020, I don't claim my adult friend as a dependent b/c he doesn't live with me the entire year. Will there be a 2021 stimulus check and since he couldn't be claimed as a dependent on anyone else's taxes then he'd more likely be eligible in 2021? If yes, then there is my answer. He'd just have to wait until next year.. that way i can give him his full $1200 now from my funds, form an agreement of repayment and recover it in 2021. Let me know if there will be a 2021 stimulus. All i need to know.
Yes. The stimulus is actually a 2020 stimilus based on the 2020 tax return that has not been filed yet. What is happening now is an "advanced" payment based on the 2019 tax return. The actual stimulus amount will be determined and paid when the 2020 tax return is submitted if not pre-paid now. Anyone receiving the advanced stimulus who is due more based on the actual 2020 tax return will receive an adjustment.
hello. you are speaking my language. Thank you. Because in a weird way, that response answered my internal question that i couldn't seem to formalize the right words to convey what I was really asking for. Long day...Thank you.
@LMills7170 wrote:
and quite frankly...the example given is not a good example if they just talked about it being on a "parent's" return... everyone doesn't know that dependent is not inextricably linked to parent always... so to use an example like that is confusing.
That is a common use of the language...to make a blanket statement and then give an "example". The term "example" by definition is not limited to the example given or it would *be* the conditions and not an example of the condition. The one they choose applies to about 80% of dependents claimed on tax returns. Non-related dependents are probably less then 5% of all dependents. Other related dependent are much more common.
If he is eligible for a stimulus payment based on his 2020 tax return, he will get the payment as a credit on his 2020 tax return. It will not be a separate check or payment. It will be a credit on his tax return. The amount will depend on his income. If he cannot be claimed as a dependent and his 2020 income is $75,000 or less he will get a $1,200 credit on his tax return. The credit will be applied towards any tax that he owes for 2020, so he will not necessarily get a $1,200 tax refund.
Note that one of the eligibility requirements is that no one CAN claim him as a dependent. It doesn't matter whether you or someone else actually claims him or not. What matters is whether anyone could claim him as a dependent. If he could be claimed as a dependent, he is not eligible for the stimulus credit.
He must also be a U.S. citizen or resident alien and have a Social Security number that is valid for work.
clear. thank you.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Danielvaneker93
New Member
SB2013
Level 2
caitastevens
New Member
user17539892623
Returning Member
bill Pohl
Returning Member