topic I accidentally marked my self as a dependant and on my 2020 tax return my parents did not claim me since I was 16 so what should I do? I need a stimulus check in After you file

I accidentally marked my self as a dependant and on my 2020 tax return my parents did not claim me since I was 16 so what should I do? I need a stimulus check

0cb7034b5338 — Sat, 13 Mar 2021 18:56:51 GMT

Re: I accidentally marked my self as a dependant and on my 2020 tax return my parents did not cla...

npierson7 — Sat, 13 Mar 2021 19:10:29 GMT

If you didn't file yet, revisit your personal information section and change your answer. You'll be able to claim Rebate recovery tax credit (stimulus payment). If you already filed your tax return, your the only option to amend it.

If you need to amend, make sure you got your refund or paid your taxes due from the originally filed return; you want to make sure the government doesn’t get confused with your money, so the original return needs to be all squared away before you amend.

To amend you return with TurboTax:

If you used TurboTax Online, simply log in to your account and select “Amend a return that was filed and accepted.” If you used our CD/download product, sign back into your return and select “Amend a filed return.”

Re: I accidentally marked my self as a dependant and on my 2020 tax return my parents did not cla...

0cb7034b5338 — Sat, 13 Mar 2021 19:14:39 GMT

I did ask for an amend but will I have to do it by paper? Or online and it said I will have to wait till March 25th to get my amendment

Re: I accidentally marked my self as a dependant and on my 2020 tax return my parents did not cla...

DanaB27 — Sat, 13 Mar 2021 19:37:28 GMT

Once Form 1040X is ready then you will be able to e-file your federal amended return, please see FAQ How to amend a tax return for instructions. It is usually faster to e-file than to mail a paper return. Please see Where's My Amended Return? for processing times and status.

Usually, it is best to wait until your original return has been processed before you file an amended return to avoid any delays.

Please be aware, that the question is if you can be claimed as a dependent. If you meet all of the requirements to be a dependent for someone else then you will have to select that you can be claimed as a dependent even if your parents choose not to claim you. Please see Who can I claim as my dependent? for the requirements.

Re: I accidentally marked my self as a dependant and on my 2020 tax return my parents did not cla...

0cb7034b5338 — Sun, 14 Mar 2021 18:28:59 GMT

So at free I amend my taxes and be claimed as not a dependent I will be eligible to receive stimulus payment?

Re: I accidentally marked my self as a dependant and on my 2020 tax return my parents did not cla...

DanaB27 — Sun, 14 Mar 2021 18:50:09 GMT

Yes, if you cannot be claimed as a dependent and amend your return to correct this then you should be able to claim the Recovery Rebate Credit on your 2020 tax return.

Please wait until you original return has processed and see FAQ How to amend a tax return for instructions.

To be eligible for the credit you need to be a U.S. citizen or U.S. resident alien in 2020 and have a Social Security number that is valid for employment.

You cannot be claimed as a dependent by someone else to be eligible.

Your credit amount will be reduced if your 2020 adjusted gross income (AGI) is more than:

$150,000 if married and filing a joint return or filing as a qualifying widow or widower
$112,500 if filing as head of household or
$75,000 for eligible individuals filing as a single or as married filing separately.

Your payment will be reduced by 5% of the amount by which your AGI exceeds the applicable threshold above. (IRS FAQ Recovery Rebate Credit )

To claim the credit in TurboTax, please follow these steps:

Log into TurboTax.
After entering all your information click "Federal Review" at the top of your screen.
On the screen "Let's make sure you got the right stimulus amount" click "Continue".
You will be asked about the amounts of first round and second round stimulus payments you received. If you did not receive a payment enter "0".
TurboTax will then calculate the amount of stimulus payment remaining that you are still entitled to get.
Any stimulus amount remaining due to you will show as a credit on line 30 of the 1040.

Please see How will the third stimulus impact me? for more information.