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LmT2
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Turbo tax stimulus questions

I received the first stimulus check based on my 2018 return. My son was a dependent on that return. Beginning 2019 he was no longer a dependent. He is now filing his 2020 return (he did file a 2019 return) and Turbo tax is asking if he received the first stimulus payment, which he did not. If he answers no it increases his refund by $1200. Is he eligible for this refund since he was a dependent on my 2018 return in which my first stimulus payment was based? If he answers yes, then there is no increase in his refund, but there is a comment that states:

"Avoid IRS delays of up to 4 weeks by making sure you're reporting your exact stimulus payment amounts."

Please advise proper way to handle.

Thank you.

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1 Reply

Turbo tax stimulus questions

Your son did not receive a stimulus payment---YOU received it.    If your son CANNOT be claimed as a dependent for 2020 then he is allowed to use the recovery rebate credit to get the 1st and 2nd stimulus payments.  The credit is based on his 2020 return--not on what you received.   The way Congress wrote the law allows a payment to the "kid" who is no longer a dependent for 2020 even if the parent received a payment for the dependent the year before.  And lucky for you...you do not have to pay yours back.

**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.**
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