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Children 17 and over aren't allowed a stimulus check, are you sure all of the children qualify?
....as if to imply I've forgotten my children's ages. Really? I paid the upgrade fee for this? Your answer in the form of a question is insulting. I thought we were supposed to have the question and you the answer? Sounds like you should be paying me...
#micdrop
#boom
We try to give specific answers which is not always easy to do without see your return or knowing all your personal information.
Below is the eligibility requirements as written by the IRS:
A1. The eligibility requirements are the same for the Recovery Rebate Credit as they were for the Economic Impact Payments except that the credit eligibility and the credit amount are based on your 2020 tax year information. The Economic Impact Payments were based on your 2018 or 2019 tax year information.
Individuals who didn’t qualify for the Economic Impact Payments or did not receive the full amount of the recovery rebates as Economic Impact Payments may be eligible for the Recovery Rebate Credit based on their 2020 tax situation. If you received the full amount for each Economic Impact Payment, you won’t need to include any information about either when you file your 2020 tax return. You received the full amount if:
Generally, if you were a U.S. citizen or U.S. resident alien in 2020, were not a dependent of another taxpayer and have a Social Security number that is valid for employment, you are eligible for the Recovery Rebate Credit. Your credit amount will be reduced if your adjusted gross income (AGI) is more than:
Your payment will be reduced by 5% of the amount by which your AGI exceeds the applicable threshold above.
You are not eligible for the Recovery Rebate Credit if any of the following applies:
Also, individuals who died prior to January 1, 2020 are not eligible for the Recovery Rebate Credit.
See IRS.gov/rrc or the Recovery Rebate Credit Worksheet available in the Form 1040 and Form 1040-SR instructions for more information.
Anyone with income of $72,000 or less can file their Federal tax return electronically for free through the IRS Free File Program. The fastest way to get your tax refund is to file electronically and have it direct deposited - contactless and free - into your financial account. You can have you refund direct deposited into your bank account, prepaid debit card or mobile app. You will need to provide the routing and account numbers no matter which option you choose - bank accounts, prepaid debit cards or mobile apps.”
Similar question. How to edit the amount TurboTax stated is the eligible amount for the 1st and 2nd stimulus checks (it did not take into account 1 child each time)?
To edit the amount, return to the Recovery Rebate Credit by following these steps:
Dependents under 17 years old were eligible for the first and second stimulus payments. However, the rules are different for each payment.
To check eligibility, please see:
The first stimulus payment was for up to $1,200 each. Dependents were eligible for up to $500 each.
The second stimulus payment was for up to $600 each.
The third stimulus payment was for up to $1,400 each. Any missing amounts will be reported on the 2021 tax return that will be filed in the spring of 2022.
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