RWhyte
Returning Member

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@Hal_Al 

Thanks-I think I understand what you are saying.  If I may try to clarify.

 

My 19 y/o son should earn approx $15,000 for the 2000 tax year. Thus he will not be a 2020 dependent for me and will file on his own. For 2020 tax year you are saying he should have the $1200 credit there (Section 6428).  And if he does not get the stimulus check "now", he will keep that credit. 

 

I understand as a parent I will report my stimulus check on my 2020 return. By receiving it now I will effectively cancel out the Sec 6428 credit.  Right? 

 

Thank you very much. If so I plan to keep him as a dependent on 2019 return for the $500 dependent credit and he should get the full 1200 through filing next year on his own.