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I was a dependent in 2018 but 2019 filed as independent, I filed after the first wave of direct deposit stimulus checks were deposited, am i still eligible for that 1200$ or am i screwed because i did

 
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3 Replies
JotikaT2
Employee Tax Expert

I was a dependent in 2018 but 2019 filed as independent, I filed after the first wave of direct deposit stimulus checks were deposited, am i still eligible for that 1200$ or am i screwed because i did

No.

 

The IRS is still processing stimulus payments.

 

If you met all of the eligibility requirements, you will be be entitled to your stimulus payment.

 

The IRS is going to be issuing the stimulus payments throughout 2020, so you may still get your stimulus payment once the IRS receives and processes your 2019 tax return.

 

When you file your return in 2020, you will have the opportunity to report the amount of the stimulus check(s) you did receive, and if it was less than what you were entitled to, you will receive a credit on your tax return.

 

What does the stimulus bill mean to you

 

The payment of the stimulus funds can be tracked at the following website:

Check status of economic payment

 

Please see the following for facts related to the payments as processed by the IRS.  

FAQ for Economic payments

 

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257839
Returning Member

I was a dependent in 2018 but 2019 filed as independent, I filed after the first wave of direct deposit stimulus checks were deposited, am i still eligible for that 1200$ or am i screwed because i did

Parents claimed as dependent in 2019, however did get stimulus because I was over 18. Do I get stimulus for both years. 

DMarkM1
Expert Alumni

I was a dependent in 2018 but 2019 filed as independent, I filed after the first wave of direct deposit stimulus checks were deposited, am i still eligible for that 1200$ or am i screwed because i did

The Recovery Rebate Credit is based on the information in your 2020 tax return.  The stimulus payments in rounds one and two were advances on that credit.  You are eligible for the Recovery Rebate Credit on your 2020 return.  If you received any stimulus payments in rounds one and/or two your credit is reduced by that amount you already received.

 

As an adult dependent you would not have received a stimulus payment.  If you have not received any stimulus payments, then the entire amount you are eligible for is added to your tax return as a refundable credit on line 30 of your Form 1040.

 

To recap the total Recovery Rebate Credit eligibility amounts:

 

Round one:  $1200 (2400 if filed jointly) plus $500 per qualified dependent child age 16 or under

Round two:  $600 (1200 if filed jointly) plus $600 per qualified dependent child age 16 or under

 

Here is a link with more information on the Recovery Rebate Credit.

 

 

 

 

 

 

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