My wife and I, who file jointly, received a 3rd stimulus payment of $4200 in early 2021. $1400 for each of us, plus another $1400 for our teenage daughter, who in 2020, was a dependent. (My understanding is that payment amounts were based upon info in 2020 tax returns.) In 2021, however, our daughter made too much money to qualify as our dependent any longer. In this situation, is our daughter eligible for the Recovery Rebate Credit on her own 2021 tax return? Even though her PARENTS already received $1400 on her behalf? TurboTax says she is due the $1400 but I wanted to confirm.
Thanks in advance.
