@WKroll -
if you marked yourself as 'can be claimed as a dependent' by accident, you have two choices to fix this
1) amend the 2019 return. that will take at least 16 weeks to settle and there is no guidance from the IRS that they are going to immediately pay out the stimulus after they process the amendment. Maybe they will and maybe they won't.
2) wait to get the stimulus on your 2020 tax return 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 simply never received it), 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 it
does that make sense?
