After you file

@ggvandg2 Now we understand that your son is 26---so he could not be your qualifying child dependent.  We still do not know if he could/should have been claimed as your qualifying relative.  If he had over $4200 of income in 2019 you should not have claimed him at all on your own tax return.  (If he had less than $4200 of income for 2019 he "could" be claimed if you paid for over half his support).     If you should not have claimed him, then you should have amended and you would have lost that $500 credit anyhow since you should not have gotten it----whether there was stimulus money at stake or not.

 

For your son's 2020 return if he had more than $4250 of income in 2020 then he cannot be claimed as a dependent on your tax return.  So he can get the stimulus money on his 2020 return.  The money people received this year was an advance on a credit that he can get in a few months when he files his 2020 tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**