Was dependent in 2019, but not 2020

[ryryrishrish]

I was claimed as a dependent in 2019, but for 2020 I will be filing as independent. I know I can get the stimulus payments by doing this, but is there anything special I need to file for on the tax documents? Or will I just complete them like normal and will be automatically sent the payments at some point?

[xmasbaby0]

The stimulus check is an advance on a credit you can receive on your 2020 tax return.  If something went wrong or you did not get the stimulus check this year, you can get it when you file your 2020 return in early 2021—if you are eligible.It will end up on line 30 of your 2020 Form 1040.

https://www.irs.gov/newsroom/economic-impact-payment-information-center-topic-j-reconciling-on-your-...

https://www.irs.gov/coronavirus/coronavirus-tax-relief-and-economic-impact-payments-for-individuals-...

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/00/1393859

We know that the IRS is already revising the 2020 Form 1040 to include the 2nd stimulus, but that change will entail a lot of re-programing at the IRS and for the tax software programs.  It may be at least a month — or longer— before the forms are changed.  Do NOT be in a hurry to file your 2020 tax return until more is known. Give some extra time to the IRS and the software programmers so that the software can handle the new 2nd stimulus, so that you can get it all by filing ONE time. You will need to visit the recovery rebate section AFTER the form and software revisions are complete in order to do this correctly. It is never a good idea to file too early; filing your 2020 return too soon may result in a lot of extra confusion that can be avoided if you wait and file a little later.

[Hal_Al]

Under the CARES Act, if you are claimed, or qualify to be claimed, as a dependent on someone else’s return you cannot receive a stimulus check, in 2020.   If you qualified as a dependent for 2019, but will not be for 2020, you will most likely get it in 2021, when you file a 2020 tax return.

Note: it's whether you are actually claimed as a dependent; it's whether you qualify to be claimed.

See full dependent rules at: https://turbotax.intuit.com/tax-tools/tax-tips/Family/Rules-for-Claiming-a-Dependent-on-Your-Tax-Ret...

[NCperson]

as long as you CAN NOT be claimed by anyone else, you are eligible for the stimulus and just complete the 2020 tax return as normal.  You should see the stimulus credit on Line 30 of form 1040.  (TT is not yet programmed for the 2nd stimulus, so best to wait to file until you are confident Line 30 shows the $1800).

[Opus 17]

If you meet the tests to be claimed as a dependent, you must check the box that says "I can be claimed as a dependent" even if you don't want to be.  Failing to check that box in order to claim a stimulus rebate is tax fraud.  If you can't be claimed as a dependent, you are legally entitled to the payment (up to $1800 depending on your income) and it will be added on line 30 of your tax return.

Turbotax is not updated yet for this rebate, check back after January 7.