@cjromero
first, your parents could not receive the $500 for you. It only goes to 'qualifying children' which are children under the age of 17.
2nd, if you are NOT a dependent of your parents for 2020, you will be able to get the $1200 for yourself when you file next year.
- The stimulus payments are really based on your 2020 tax return (income, dependents, etc).
- The IRS is using either 2018 or 2019 – whatever is available - to ESTIMATE that payment
- When you file next year there will be a “settle up” section on the tax return.
- If you are due more stimulus (and this would include where you were not eligible based on 2018/2019 ), you will receive it through the 2020 tax filing as an additional refund
- If you received too much stimulus (not the issue here), by law , you are not required to return i
sit tight until next year!
