ErnieS0
Expert Alumni

Get your taxes done using TurboTax

No, IRS will not question it.

 

First, the $500 is not the stimulus payment. It is a separate credit. 

 

The Other Dependent Credit can be claimed for:
 

  • Dependents of any age, including those who are age 18 or older.
  • Dependents who have Social Security numbers or individual taxpayer identification numbers.
  • Dependent parents or other qualifying relatives supported by the taxpayer.
  • Dependents living with the taxpayer who aren't related to the taxpayer.

The $1,400 stimulus appears on Form 1040 line 30.

 

The third stimulus was an advance payment on 2021 taxes. The IRS didn’t have 2021 info last year so it used 2019/2020 info to send the advance payment.

 

The actual stimulus amount is calculated as part of the 2021 tax return. If the IRS sent too much, you don’t have to pay it back. If you got too little, the extra amount is added to your refund on line 30. If you got the right amount, line 30 is $0 (no change).

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