Deductions & credits


@NCperson wrote:

@Opus 17 on the $1400, I was telegraphing what COULD happen to the 3rd stimulus.

 

 

I did not see your reply, I was writing mine. 

 

The IRS has indicated that they are making further round 3 payments as tax returns are processed.  It seems at least possible that if the parent files a return and claim their 19 year old college student child as a dependent, the IRS will include that dependent in round 3 or maybe even send an additional round 3 payment.  It may not be necessary to wait until the 2021 filing season.