It depends. Yes, taxpayers that are not dependent file as single and potentially receive the stimulus payments and the American Opportunity Tax Credit.
However, if you do not provide more than 50% of your support, then the test would not be met. The 529 plan fund distributed to you as the beneficiary are still coming from your parent's 529 plan. See: What does "financially support another person" mean?
To determine whether you are not a dependent, use Worksheet 2 onpage 15 of 2020 Publication 501: Dependents, Standard Deduction, and Filing Information.
For more details, see: Many college students may still qualify for an Economic Impact Payment; review the guidelines and re... This registration was referencing the possibility of getting the stimulus payments when issued. The Recovery Rebate Credit would still be available even without registration.
If you do qualify to file as single, not checking the box that you could be claimed as a dependent, enter your details for the stimulus payments following these steps:
- Go to the search box and enter stimulus. Click the Jump to link.
- Answer Yes.
- At the next screen, Let's double-check the amount you received, answer No to edit the first-round and second-round amounts.
- Since no stimulus amount was received, enter 0. An amount must be entered in each box. When finished, click Continue.
For details about the American Opportunity Credit, see: Who is eligible to take the American Opportunity Tax Credit?
