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Can I claim the $500/child CARES credit if someone else recieved the payment based on thier 2019 taxes?
I have two children. Someone else claimed them as dependents in 2019 on taxes. I will claim them as dependents in 2020. I did not receive the extra $500 per CARES act for them. I hear this money is part of an early paid 2020 refundable tax credit. When I file taxes in 2020 can I claim that money even if someone else received the funds based on the 2019 tax info?
‎August 9, 2020
8:30 PM