topic My Parents received my stimulus. in Deductions & credits

My Parents received my stimulus.

Willvile4 — Tue, 16 Mar 2021 13:14:24 GMT

Hi there everyone!

So the third stimulus payment went to my parents due to last years tax info (was a dependent last year). But this year I am filing as an independent. what steps should my family and I take so our taxes are correct and I get my stimulus?

Re: My Parents received my stimulus.

CatinaT1 — Tue, 16 Mar 2021 13:25:43 GMT

File your 2020 return as soon as possible. This information is provided by the IRS - Third Stimulus FAQ This site will be updated regularly with additional guidance.

Re: My Parents received my stimulus.

PhilS3 — Sat, 16 Apr 2022 05:19:51 GMT

Sorry, this response didnt help me with same question. For 2020, I (parent) filed my taxes and included my daughter (full time student for half of the year) as my dependent. For 2021, my daughter was working, not a student and could not be claimed as a dependent. In 2021, I (parent) received the stimulus check for my daughter whom I could no longer claim in 2021 as a dependent. How do we file for this. Should my daughter say she did not receive the stimulus check when she files? Do I need to return my daughter's stimulus check?

Re: My Parents received my stimulus.

ErnieS0 — Sat, 16 Apr 2022 16:02:35 GMT

Your daughter is eligible for the Recovery Rebate Credit on her tax return because she in not a dependent. And you don’t have to pay back the money.

The IRS says: "No longer a dependent: Individuals who were claimed or could be claimed as a dependent on someone else’s tax return for 2019 or 2020 may now be eligible if they can’t be claimed as a dependent on someone else’s tax return for 2021."

See: Q C2. Not Eligible for Third Economic Impact Payments: If I wasn’t eligible for a third Economic Impact Payment, am I not eligible to claim the 2021 Recovery Rebate Credit? (added January 13, 2022).

Make sure neither of you claim your daughter as a dependent and enter the amount of stimulus you received on your return. Your daughter will enter $0 because she did not receive the payment (it was paid to you).