topic Third stimulus as a newly independent filer? in Get your taxes done using TurboTax

Third stimulus as a newly independent filer?

Anonymous — Fri, 19 Mar 2021 22:10:42 GMT

Hello,

This year I will be filing taxes independently (parents didn’t support me) for the first time. I understand I will get the first two checks, but what about the third? I have not filed this year because I received unemployment and have been waiting on more guidance from the IRS on when to file due to the $10,200 exemption. Also, I am subject to the kiddie tax because I supported myself with unearned income (unemployment) so I have to wait for my parents to file as well. Will the IRS receive my return and then send out the third check that I am now eligible for or will I have to wait until next year to claim it as a rebate?

Re: Third stimulus as a newly independent filer?

SweetieJean — Fri, 19 Mar 2021 22:14:03 GMT

Check back tomorrow, as you should be able to file then re unemployment. And, yes, you should get stimulus #3 as a result of filing 2020. But it comes separately, not as part of your 2020 refund.

Re: Third stimulus as a newly independent filer?

Anonymous — Fri, 19 Mar 2021 22:45:16 GMT

Great, thanks. Couple follow up questions. What happens tomorrow that allows me to file? Also, my parents will likely get their check any day and seeing as I was a dependent in 2019 and they have not yet filed this year, they will get $1,400 for me and then I’ll get $1,400 for myself when I file later. Is there any issue there? I know the IRS has said you don’t have to pay back the checks if you became ineligible later but just curious how that applies to this situation.

Re: Third stimulus as a newly independent filer?

VolvoGirl — Fri, 19 Mar 2021 22:47:22 GMT

They are suppose to be updating the program for the unemployment 10,200 exclusion. It's not in the program yet. So wait to file.