Do I qualify for 2 or 3 Stimulus Checks????

Forum|Forum|5 years ago
March 15, 2021
7 replies
18 views

I did not work in 2019, and was claimed as a dependent, so I didn't get the two stimulus checks in 2020, however this year I filed taxes due to being self employed throughout last year (2020).

While I was filing my taxes for 2020, I was asked if I received any of the Stimulus money, and I selected "no". I was offered around $1,500 range. Not sure which stimulus this is, but do I qualify for the $2,400 stimulus check I missed as well, and will I also get the Third stimulus coming this year?

VolvoGirl

Level 15

If you were claimed as a dependent in 2019 but not in 2020, you can still get the Recovery rebate credit on your 2020 return even if your parents got it for you. And actually if you were over 17 in 2019 they did not get it by claiming you as a dependent. They only got it for dependents under 17.

So you should have 1800 on 1040 line 30 for the Recovery rebate credit. 1200 for the first round and 600 for the second round. Where did you come up with 2,400? Are you married?

I don't know about the new 3rd one for 1,400. That isn't included on your tax return now.

LearningEverydayAuthor

Level 2

Sadly, the IRS has already received and accepted the return. I filled out a 1099-NEC since I'm self employed. I do not remember seeing any of what you mentioned. After selecting "no" it told me how much i'd receive back which was a little over $1,500 and that's what is being returned to me so far. Is there anyway to recover the rest of the missing amount?

VolvoGirl

Level 15

Look at your return. How much is on line 30? If it's wrong the IRS should adjust it for you and increase your refund.

Are you Single? The max was 1,200 for the first round and 600 for the second. Total 1,800. You should have 1,800 on 1040 line 30. Unless you made over 75,000. Then it phases out.

The Recovery rebate credit either adds to your refund or reduces a tax due. What do you think you are missing?