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Deductions & credits
The stimulus is based on a 2020 tax return. It is a credit based on the filer's 2020 income and 2020 filing status. So it can be correct for the young man to receive the full amount for 2020 now. (and....unless he was younger than 17 his parents did not receive stimulus money for him)...
**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.**
‎February 23, 2021
6:08 PM