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Dependent Eligibility for Third stimulus payment:Rebate Recovery Credit
Re 2020 tax year filing: Must a 17 year old high school student who otherwise meets the definition of a “dependent” qualifying child be claimed by parents as a dependent? Student filed independently in 2019 and will need to do so in 2020. Since parents didn’t qualify for third stimulus check due to income, will student be able to claim $1400 stimulus check as a recovery credit on her 2020 taxes so long as her parents did not claim her as their dependent on parents 2020 tax filing?
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March 29, 2021
6:22 PM